Glorious moment all cubicle dwellers! In the merry land of beautiful blonde socialists, a CEO has resigned in order to keep half the workforce from being fired. In this country, one of the Olympians would have decreed from on high that certainly half the workforce should be cut, and then have a bonus equal to their salary given to him. Such brilliance, it can only come from a mind polished at Wharton and refined by fine parchment of many a financial self help book.
I am a believer in companies who are in financial trouble making all of the workers and management feel the pinch, rather than just laying people off. At least it sets an example if there is a top down tightening. However, when a firm gives bonuses to the top while cutting pay and laying off on the bottom, how can morale possibly be good?
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