[quote=CDMA ENG][quote=outtamojo]Yeah but to lay off people because they aren’t worth their pay means at some point someone did feel they were worth their pay and the decisionmakers were wrong to think that. The people who were wrong need to pay the price for their error – as a shareholder/owner that is what I demand and I see too often only the rank and file suffering.[/quote]
You are assuming that business needs are static… They are not.
At one time thousand of people were employeed to build ICBMs… THe business need has changed. Is that the C-Levels fault?
Let’s look at it a different way. Your claim that CEO made a bad decision and needs to pay for their error is also incorrect. Those employees were given a job and paid for their time and efforts. Perhaps that is a job they would have not had at all. That actually seems like an error in favor of the employee and not the CEO as they are usually performance based compensations.
As far as your comment that it is the Rank and File that suffers… Maybe that’s true…
But anyone that feels that way is assuming that they are entitled to their job…
There are no guarntees in life and no one should ever position themselves to be wholely dependent on one thing.
CE
P.S.
I should have read the rest of this thread before posting now realizing that ppl have rebuted the same points over again. Sorry for the redundancy.[/quote]
What about the CEO who over-expanded his community hospital and bought overpriced commercial properties during the bubble and then had to slash and diveste who was still being rewarded with bonuses as he was doing so?
Yes those who lost their jobs were paid for a while but his empire building clearly hurt the hospital itself and after he finally abruptly resigned the board looked at selling us off to a stronger partner. Actually he didn’t abruptly resign, he did it after the Unions fought a media war with him over all his bonuses and special retirement packages he was receiving as he cut services via layoffs. Some were saying he deserves the extra pay for doing a necessary dirty job.
We on this blog otoh saw all the economic distress coming and would have hunkered down instead of expanding : )
I don’t view your post is redundant BTW.
