CEOs Who Fire the Most Make the Most

2 Sep

According to a new report by the Institute for Policy Studies, CEOs from the 50 firms that have laid off 3,000 or more workers since the onset of the crisis took home nearly $12 million on average in 2009. That’s 42 percent more than the average for CEOs of S&P 500 firms as a whole.  

Yet:

A University of Colorado survey of S&P 500 companies from 1982 to 2000 found no evidence that downsizing leads to increased returns on assets. In fact, stable employers — companies that have less than 5 percent annual staff turnover — outperformed companies that had major layoffs.  

From: Alternet

 

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