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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (583854)9/1/2010 2:25:40 PM
From: TimF  Read Replies (1) of 1572505
 
To the extent that you want pay for CEOs to reflect their performance, and to the extent that the profitability of a company is improved by the job cuts (sometimes it is, sometimes it isn't), you have an argument that in some cases CEOs should make more BECAUSE they cut jobs.

As an overall rule, that wouldn't make sense because job cuts are not in every case a good idea, and also they can be a sign of previous poor performance, still there isn't any good reason to object to a CEO cutting jobs making a lot, unless your objecting to CEOs in general making a lot. If the objection is for CEOs in general than I'd say it could reasonably be an issue for shareholders, but in most cases isn't properly a political issue.

The top 50 layoff firms reported a 44 percent average profit increase for 2009

In other words the layoff's probably improved profitability.
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