America’s CEOs Are doing Just Fine
OPS_admin | Sep 05, 2010 | Comments 0
CEOs in America are routinely rewarded on the basis of their bottom lines. The one goal of CEOs is to reduce costs and increase profits. And what is the best way for CEOs to reduce costs? By firing their employees, of course.
The incentive, for the CEO of a company experiencing reduced profits, to fire workers is high. By managing costs through the level of employed workers, a CEO can mitigate the fallout from excessively risky investments while maintaining high profits for the company and a high salary for himself.
Americans are so ingrained with this approach that it is almost laughable when one of us discusses an alternative. But we need only look to Germany to see the benefit of disincentivizing mass layoffs. The German government provides incentives to firms and actually pays them not to lay people off in an economic downturn.
Full Story: America’s CEOs Are doing Just Fine | Economy In Crisis.
Filed Under: Fascism, Police State, Authoritarianism
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Who will you vote for this year: Big Oil, Big Casinos, or Wall Street?
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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