3 ms·
I believe that CEOS and higher execs should be first in the firing lane by law if the company do bad and not the janitors, contractors and baseline workers. The
by SaintSeiya 3y ago
I believe that CEOS and higher execs should be first in the firing lane by law if the company do bad and not the janitors, contractors and baseline workers. They take all the glory, credit and pay for the company success and no accountability or risk at all. Now that's an incentive.
- corry 3y agoIsn’t the decision to either fire the executives/CEO or others the domain of the owners of the company? And perhaps rightly so? It’s not like shareholders/boards LIKE paying CEOs more than they otherwise could - especially if performance is bad enough to warrant big cuts. They would pay them as little as they can get away with to maximize their own return, similar to all roles down the hierarchy. To my uneducated mind, it seems far better to (1) have better gov-mandated worker protections around termination/layoffs - longer severance, continued benefits, etc; and/or (2) higher corporate taxes to fund programs that assist in job transition/EI/etc… than arbitrary rules around CEO pay ratios or “executives always get fired first” rules.