So, I get the business need, I do understand that Skanska has to cut jobs and downsizing needs to happen. What I do not understand is why the executive pay keeps going up while layoffs are happening and people are losing jobs.
And, Skanska is not the only company that has this problem. Look around and you'll find 100s of companies, public or private, that restructure every year. They cut people, lay them off, etc. But you never hear that one of them made a decision to decrease executive pay in order to save jobs.
It just never happens. Many folks will wander why and I think I have an answer. I think that executives have an absolute control of companies and boards are not doing what they are supposed to do which is to oversee what executives are doing. Once you have a situation like this executives can do pretty much whatever they want in order to enrich themselves ---- #greed and #gold.
So much for the layoffs...