Jason's Blog

Archive for May 25th, 2005

Corporate greed (continued)

by on May.25, 2005, under General

I saw this comic today, and touches an aspect that I didn’t cover the other day. That so often when the big wigs get their raises, or when companies are sooo worried about how they look in the stock market, and things like this, that it’s the employees that hurt and suffer.

(from comics.com – good comics web site)

A “common” practice to increase your stock price through “cost savings” is to fire people. This doesn’t seem right in any way shape or form. I’m old fashioned – I believe in loyalty to your company, and your company should be loyal to you as well. So much lately you hear about thousands of people being laid off at a company, their stock price goes up, and a few months later, the executives salaries increase. How is that right??? Even more – look at that salary. If you took off 10 million dollars off of a salary, that’s 250 people making 40,000 a year. Granted not quite that due to benefits and other concerns, but it’s interesting to think about. I wish these people realized that there are more important things than making a quota, getting your stock price raised, or getting yourself an extra million or two above the millions you’ve already got.

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