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(Yahoo) Sick In what must be viewed as nothing more than a strange coincidence, study finds that the highest-paid CEOS in 2009 were also the ones that fired the most employees   (news.yahoo.com) divider line 14
More: Sick, Verizon Communications, Institute for Policy Studies, Caterpillar Inc., stoned to death, Citibank, Standard & Poor, full disclosure, layoffs  
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14 Comments   (+0 »)
   

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2010-09-02 10:20:41 AM
well what a coincidence.
 
2010-09-02 10:56:42 AM
Sounds like we're not letting the free market work to its fullest potential.
 
2010-09-02 10:58:44 AM
The were the highest-paid because they had to endure the pain, the agony, the soul-twisting, sleep-depriving, humanity-shredding despair experienced only by those who must, for the greater good, make the truly tough decisions. Like the general pacing his lines at dawn, knowing that so many of his men will follow him once more into the breach and that so many of them will die for it; like Sophie, forced to choose one to spare the other; like the disaster medic who must choose in that one moment of passion who must live and who must die. These men, these brave men, make decisions with ramifications that the rest of us cannot comprehend. Do not want to comprehend. And we can sleep in the blissful sleep of our own naive and coddled ignorance because of them. Is paying a little more to the man who must bear on his conscience for the rest of his life the firings of 10,000 workers so much to ask? That some can even consider the merits of such a question is a sad testament indeed to the naive and blissful ignorance that the noble sacrifices of these brave CEOs enables in our ungrateful and undeserving population.
 
2010-09-02 11:00:16 AM
SHOCKED!

SHOCKED, I tell you.
 
2010-09-02 11:16:56 AM
images.moviefill.com

Approves
 
2010-09-02 11:36:12 AM
Sounds like redistribution of wealth to me -- from the middle class to the already wealthy.
 
2010-09-02 11:43:06 AM
Which they did to create more jobs.
 
2010-09-02 11:46:17 AM
The market rewards layoffs since they're widely seen as needed cost-cutting measures that improve the bottom line, no matter the circumstances. Since so much of corporate leadership is managing stock prices, this is the natural consequence.

In the end though, this is merely Chapter 5,933 in "Serious Problems in Our Economic Model That Will Never Change Ever". A huge segment of our population has been taught that increasingly crappy compensation and constantly more tenuous job security are good things.
 
2010-09-02 11:51:53 AM
www.solarnavigator.net
 
2010-09-02 12:26:50 PM
Let them eat brioche
 
2010-09-02 01:25:26 PM
again?
 
2010-09-02 01:27:40 PM
When your pay package is based around stock price, and you know that one of the easiest ways to boost stock price is to cut expenses, then cutting employees, customer service, and R&D is a natural option.

It also weakens long-term growth, but what the fark do you care? You just bought a sweet boat.

Besides, you can always run for the California Senate on your business "credentials".
 
2010-09-02 01:29:42 PM
mediaelites.com
 
2010-09-02 01:30:35 PM
Rapmaster2000: It also weakens long-term growth, but what the fark do you care? You just bought a sweet boat.

Which stimulated the economy and keeps the boating industry going.
See, it all balances out.
 
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