Linked by Howard Fosdick on Fri 23rd Nov 2012 14:03 UTC
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Member since:
2008-08-19
Agreed, but getting rid of them doesn't get them out of the hole. Yes, senior management are hugely overpaid as individuals, but collectively they're small-beans compared to the cost of paying salaries for tens of thousands of workers. So even if they get rid of the bad execs (as they should), they still need to get rid of large numbers of regular folks as well.
In theory. In practice, they still need to be paid now that they're not busy. I've been in that position, and when the company isn't making money, the first priority tends to be to stop doing stuff that's losing money