5 more CEOs who should go
The factors that apparently led to the departure of Citigroup's CEO last week -- including high pay, weak performance and shareholder dissatisfaction -- aren't rare.
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Most of the multinational CEOs don't give two hoots about their employees. They get their millions, and the little people get the shaft.
How about CEOs who "export" US jobs offshore? Shouldn't they be on some sort of list also?
Check out the infamous XEROX CEO Ursula Burns, vice chair of Obama's Export Council who has been exporting many US jobs to India.
WS6 Trans Am,
To be fair, it was management AND unions. Yes, everyone blames the UAW for the high pay of the auto workers (and for the ridiculous retirement benefits) and justifiably so. But auto management, for decades, had developed the pardigm of "caving" to every union demand. And yes, auto management allowed the quality of the American auto to decline, you are correct, through poor design and quality expectations.
I was actually glad to hear the UAW approve the "two teir" pay structure, but even $15 and hour is too much for workers who are entry level assembly line staff and have no skills yet, although it's better than the $25 they used to get.
And union leadership displays it's own form of greed and also over-pays it's executives - that's not a sin exclusive to company management.
ROMNEY SHOULDN'T BA ABLE TO RUN, HE SOLD OUT WORKERS. hOW COULD ANYONE SAY HE CARES ABOUT THPOSE LAID OFF AFTER HE MADE HIS MILLIONS? WHAT A COUNTRY OF PEOPLE THAT WOULD VOTE FOR THIS PHONY!
YOU (or I) could have been in their shoes, why did we not make the grade??????? So,let's don't let envy of their success taint our view of the world!!!!!!
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[BRIEFING.COM] The stock market finished a down week on a cautious note with small caps leading the retreat. The Russell 2000 lost 0.5%, widening its weekly decline to 2.6%, while the S&P 500 shed 0.3%. The benchmark index ended the week lower by 2.7%.
This morning, the market was provided a basis to rebound with the July employment report, which was just right for the policy doves (209K versus Briefing.com consensus 220K). It showed payroll growth that was weaker than expected, ... More
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