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 Anarcho-Capitalist Good News: Bosses who sack most do the best

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RR Phantom

RR Phantom

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Anarcho-Capitalist Good News: Bosses who sack most do the best Vide
PostSubject: Anarcho-Capitalist Good News: Bosses who sack most do the best   Anarcho-Capitalist Good News: Bosses who sack most do the best Icon_minitimeSat Sep 04, 2010 4:32 am
THE good times keep rolling for ''slash and burn'' managers in America. Bosses of the 50 US companies that sacked the most staff during the recession earned 42 per cent more than their peers, new research shows.

A report by the Institute for Policy Studies in Washington concludes chief executives shared little of the pain felt further down their workforces as house prices slumped, consumer spending dried up and unemployment peaked at 10.2 per cent last year.

The average leader of an S&P 500 company saw a modest fall in remuneration last year, down from $US9.4 million ($10.5 million) in 2008 to $US8.4 million. But this was still 263 times the typical net pay of a worker.

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