Woulldn't it be great!
Just a Thught

Warren, VT

#1 Jan 11, 2014
Woulldn't it be great if every company that laid off workers required the CEO to take a pay cut too!
clueless

Ticonderoga, NY

#2 Jan 11, 2014
Why do people believe that CEOs make the most? And they should get more money. Hard to make difficult choices and lay off twenty to save 300.
Facts

Ticonderoga, NY

#3 Jan 12, 2014
clueless wrote:
Why do people believe that CEOs make the most? And they should get more money. Hard to make difficult choices and lay off twenty to save 300.
And what about the boss that lays off 20 so he can keep his salary and forget saving anyone else's job but his own?
Fiction

Corona, NY

#4 Jan 12, 2014
Facts wrote:
<quoted text>
And what about the boss that lays off 20 so he can keep his salary and forget saving anyone else's job but his own?
So you're saying you would give up some of your salary to save others from losing theirs? Boss = tough decisions. That's why they get paid more. Yes, some bosses are better than others, but at the end of the day it's their responsibility to keep the business going.
Facts

Ticonderoga, NY

#5 Jan 12, 2014
Fiction wrote:
<quoted text> So you're saying you would give up some of your salary to save others from losing theirs? Boss = tough decisions. That's why they get paid more. Yes, some bosses are better than others, but at the end of the day it's their responsibility to keep the business going.
Agreed....boss = tough decisions. But I would happily give up some of my pay to keep another worker working and not have to worry about the few left trying to pick up all of the slack for those that had to be laid off. And my business stays running.
Walt Chapleau

Louisville, KY

#6 Jan 13, 2014
Unfortunately, CEOs do not answer to the rank and file. They answer to a board of directors who in turn answer to the share holders in a public traded company. The bottom line job of a CEO is to turn maximum profit for the company. One of the biggest, if not the biggest cost to a company is personnel. When economic times are tough, personnel is the first place to look to cut costs after "paper and pencil" cuts have been made. If the CEO does not do his job or if the bottom line is bad, he is usually out of a job. Most, if not all executives are in this situation. They must produce or they are out. They make the big bucks to turn a profit. Up to 1/4 to 2/3 of an employee's total cost to a company or government are hidden costs ie insurance, unemployment matches etc. Just looking at worker salary is misleading. Anyway, that's the reality we face.

Fiction

New York, NY

#7 Jan 13, 2014
Facts wrote:
<quoted text>
Agreed....boss = tough decisions. But I would happily give up some of my pay to keep another worker working and not have to worry about the few left trying to pick up all of the slack for those that had to be laid off. And my business stays running.
If that's the case, go home and tell your husband/wife, children and all others who depend on your salary that you won't be able to provide for them the same anymore, because you gave away part of your hard earned salary to save a slacker. I'm sure this would be a "happy decision", just like you said.

Boss = tough decisions. Boss = evaluating workforce, and letting the weakest go. A great boss leads a company through tough times, and that's why they get paid more. It sounds like you'd be the one packing up your bags come decision time!
just sayin

Orlando, FL

#8 Jan 13, 2014
Greedy corporate America. One for you, five for me.
Walt Chapleau

Louisville, KY

#9 Jan 13, 2014
Walt Chapleau wrote:
Unfortunately, CEOs do not answer to the rank and file. They answer to a board of directors who in turn answer to the share holders in a public traded company. The bottom line job of a CEO is to turn maximum profit for the company. One of the biggest, if not the biggest cost to a company is personnel. When economic times are tough, personnel is the first place to look to cut costs after "paper and pencil" cuts have been made. If the CEO does not do his job or if the bottom line is bad, he is usually out of a job. Most, if not all executives are in this situation. They must produce or they are out. They make the big bucks to turn a profit. Up to 1/4 to 2/3 of an employee's total cost to a company or government are hidden costs ie insurance, unemployment matches etc. Just looking at worker salary is misleading. Anyway, that's the reality we face.
Meant to say 1/3 total cost. Layoffs, furloughs, etc. do not have anything to do with a CEO's salary. That is totally controlled by the board of directors and profitability of the company or in the case of public management, the legislature, the governor and the state of revenue.
Facts

Ticonderoga, NY

#10 Jan 13, 2014
Fiction wrote:
<quoted text> If that's the case, go home and tell your husband/wife, children and all others who depend on your salary that you won't be able to provide for them the same anymore, because you gave away part of your hard earned salary to save a slacker. I'm sure this would be a "happy decision", just like you said.
Boss = tough decisions. Boss = evaluating workforce, and letting the weakest go. A great boss leads a company through tough times, and that's why they get paid more. It sounds like you'd be the one packing up your bags come decision time!
I wasn't talking about slackers. I was talking about the hard working individual that gets laid off for the good of the bottom line.
And yes, I would tell my family, sorry,we can't have a new BMW this year because I saved another hardworking individual from the chopping block and the poorhouse.
Better to spend my money that way then my taxes going to support welfare!

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