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A number of people here are somehow defending CEO behavior, and should not be. Notable in this is that Apple CEO took a pay cut and didn't layoff, and Intel's
by bithead 4y ago
A number of people here are somehow defending CEO behavior, and should not be. Notable in this is that Apple CEO took a pay cut and didn't layoff, and Intel's CEO too a pay cut.
I don't think termination of a CEO should be a kneejerk to layoffs in the tens of thousands, and neither is a failure to predict the future. However, if the CEO keeps getting raises when the profits don't see a likewise boost, there is a disconnect. Google is still seeing rising profits, just not skyrocketing. And while everyone is skittish about interest rates and potential recession, that's not a given - unless you layoff enough people.