There should be a federal law that applies to all publicity traded companies that when a layoff occurs, a mandatory pay cap to total compensation for all employees including the CEO goes into effect limiting total comp to 500k that year and the following year. If that were the case, layoffs would be reserved for situations where they are actually are needed to keep the company alive.
CEO/board wants to cut positions? They must suffer as well as a result of their decision.
UK have Sunak. Google have Pichai. This is how they leads. They are only interested in making their wallet thicker. Never about grow together. Will sl------r worker when reach their own goal. Get fresh blood and do it again.
The feds/libs will never set limits on executive pay. But they tell you what you make is not commensurate to the work you do.
No, there should not. The CEO should make what the board decides. If the CEO doesn’t act in the interest of the shareholders they should be removed.
We are going to see the end of the whole ‘social responsibility is good business’ nonsense and a return to looking at the bottom line and cutting the fat.
The party is over.
What is with libs wanting a “law” for everything under the sun? Have you not learned by now that laws almost always have unintended consequences? In this case you probably wouldn’t get hired in the first place since there’s a penalty for growth. Although that’s probably not an issue for you as this reads like it was written by a 16 year old who definitely does not work for google.
Inflation-adjusted 500k?