Always wondered this. They can actually afford to take a paycut or just don't get a 5 mil bonus that year to keep the company going and live pretty well. Why layoff people who need the money much more? Greed, Comfort of life, evil, apathy of life?
Just a dialog.Did you honestly not know, or just wanted to have a conversation about the topic?
Yeah I was going to mention this. Extremely rare case here though. Iwata was a good guy.Nintendo boss Satoru Iwata will cut pay in half after poor fiscal results
https://www.polygon.com/2014/1/29/5...-iwata-will-cut-pay-in-half-after-poor-fiscal
Fair enough.
Yes, we all know he was the coolest ever. But thats and exception not the rule.Nintendo boss Satoru Iwata will cut pay in half after poor fiscal results
https://www.polygon.com/2014/1/29/5...-iwata-will-cut-pay-in-half-after-poor-fiscal
But does that rule out greed/apathy like the OP pondered?
a) Because they don't want to make less money but also
b) Because layoffs are often legitimately inevitable. If you lose a contract (like say, Bungie ditching Activision), anyone who was primarily working on that contract in-house is probably going to be let go because they're no longer needed. Same thing with declining sales.
Technically they fucked up... they are the execs lolThey have bills to pay too. Would you take a pay cut because some people under you fucked shit up?
Even when you are super rich this mentality still exists. Except now they can't make payments on their 3rd yacht instead of, you know, not being able to make a car payment or pay medical bills.
They have bills to pay too. Would you take a pay cut because some people under you fucked shit up?
.
Union Pacific has hit pretty much record quarters for revenue and profit and has met this excellent news by laying off 1400 workers...It makes no sense to me that workers allow this stuff to happen.
10 execs not getting multi million dollars bonus for a year is a huge impact.It would be symbolic at best in terms of saving on costs. Still a nice thing to do though.