Making money is a noble American objective, making a living is a nobler one. Corporations ought to have enough decency and compassion to make sure no worker is let go solely to increase the bottom line or pad the boss' pockets with more money than he (or she) can ever hope to spend in a lifetime.
Ladies and gentlemen, that was Cal Thomas. I can count on one hand the number of times I've agreed with him, and this is one.
He cites a few examples that are particularly egregious, too. Here's one:
Last April, the Baltimore Sun reported that Stanley Black & Decker in Towson, Md., announced plans to lay off 4,000 of its 38,000 employees. Yet, according to USA Today, Stanley Black & Decker CEO John Lundgren made more than $32 million in 2010, up 253.1 percent from the previous year.Yeah, I'd say that was pretty damned outrageous. Posted by Linkmeister at April 6, 2011 02:17 PM | TrackBack