VIDEO ON MSN MONEY
They think everyone else in the company is replaceable by anyone cheaper with less experience - it's time they get a taste of their own medicine.
Leslie Moonves - CBS - $62 Million
David Zaslav - Discovery Communications - $51 Million
Robert Iger - Disney - $40 Million
Phillipe Dauman - Viacom - $33 Million
Steve Burke - NBC Universal - $26 Million
Now, if I could find a list of the top paid Lawyers, they would match that of the Entertainment industry. So, why is it that these folks never get singled out by the media, let alone the Hollywood Stars, many who make over $25 million a year? Oh, that is a rhetorical question if you hadn't figured that out :)
Bank of America laid off 4,200 in 2013
Morgan Stanley laid off 1,600 in 2013
Cisco laid off 4,000 in 2013
HP laid off 22,700 (out of a planned 29,000) in 2013
if you can't make enough money to pay your employees, why should those in charge get more. Why are we the tax payer paying for subsidies and tax breaks just so they can put more people out of work. They are supposed to create jobs not add to unemployment. Supply side economics was supposed to increase their revenue so they would hire more workers, not so they could dump payroll and give themselves huge pay increases.
as a side note to those who bitch about actors and musicians making millions, there labels and studios make more and if people didn't buy there music or watch their movies they wouldn't make it. and OWN (oprah's network) didn't lay off anyone in 2013
Big business continuing pattern.
1. Nix the pensions and let employees, Wall Street and the government take care of them.
2. Nix the health care from benefits and let the employee and government take care of them.
3. Nix regulations and work safety, and after the employees get injured, sick, let the government take care of them.
4. Let their employee salaries stagnant and when they qualify for government assistance, let the government take care of them.
5. Let them work for you until they're too old and then lay them off and let the government take care of them.
6. Grow profits, invest overseas, give the upper management big fat raises and retire with a big fat pension, or golden parachute if you screw up and bankrupt the company.
The private sector greases the palms of the politicians so that they will do their bidding and keep the tax breaks and favorable legislation coming out of Washington and the states.
We need a more balanced approach that economically favors both the CEOs and the workers.
Not capitalism, not socialism, but a workable combination of both. What we have now is not working for the majority of the American people.
Why do these CEOs get rewarded when they do massive layoffs and outsource jobs?
Can you imagine how fast our economy would recover if CEOs were rewarded when they HIRE more employees, rather than fire them?
What's wrong with this picture. Meg Twitman fires 34000 HP employees to make HP bottom line look better and gets a huge bonus.
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