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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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!!!!!!
Most of the multinational CEOs don't give two hoots about their employees. They get their millions, and the little people get the shaft.
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[BRIEFING.COM] The major averages ended modestly lower with the S&P 500 shedding 0.3%.
The benchmark average saw an opening loss of 1.2% after Japan's Nikkei tumbled 7.3%. Japanese stocks sold off amid continued volatility in Japanese Government Bond futures as the 10-yr yield spiked almost 16 basis points to 1.002 before the Bank of Japan's JPY2 trillion liquidity injection caused yields to retrace their gains.
Adding insult to injury was news out of China where the HSBC ... More
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