[citation][nom]brendano257[/nom]The problem is "net loss" means nothing to the 9,000 who lose their jobs. Although 6,000 others may get hired, it doesn't help those 9,000 in these times.@Figgus, you can't deny that companies go above and beyond hurting employees in many cases. Although they exist to make money, some things such as the bonuses issued to management and CEO's are downright immoral and unethical. A CEO who receives 10-100 times an average salary as JUST A BONUS shouldn't be able to live with themselves, no matter what 'good' they've done for the company. A better CEO would re-direct this money into R&D or expansion such as more product funding, or cell coverage expansion. The way business is run in America no longer serves anyone but the elite in each company.[/citation]
The fix to those CEOs is one area where we DO need more regulations: accountability to shareholders. If I owned stock in a company and a CEO was getting paid more than any one person is worth, I should have the right to challenge that. Right now, that is not the case... The boards basically vote on their own compensation, with little to no accountability for it.