Tucked in between the breathy, almost giggly update on the latest hocus pocus at the stock market, delivered in a way that was almost nonchalant, came some shocking news on the Today show this morning: the more employees a company sets loose, the more money that company’s CEO takes home. Not so shocking is the fact that none of the companies – or CEOs – were mentioned by name. The article posted on CNN’s website was scrubbed of specifics as well. So I searched a bit and wound up at the Kansas City Star’s site, where I learned that the " ... top five companies announcing the most layoffs for the study period were General Motors (75,733); Citigroup (52,175); Bank of America (35,000); Caterpillar (27,499) and Verizon (21,308)."
Personally, I am hoping to not have to ask any financial institutions for a loan in the near future. I’m not planning to buy a car, or a tractor or a cell phone plan, or a cell phone for that matter. If you’re on the same tractor as I am, and would like to express your opinion with your debit card, here are some more closer-to-home offenders: Wal-Mart, Starbucks, Home Depot, Macy’s and Avon. And, if you’d like to soil your day further, here’s the report, compliments of the Institute for Policy Studies.
About Me
- Rotary
- Portland, Oregon, United States
- I'm in my mid 40s and long for the era when the main mode of communication was the rotary telephone. As I recall, people knew how to spell without spell check, they answered their phones unless they weren't home and twittering was something birds did on cartoons. All ironies aside, I really miss those days.