11–20 of 193 posts
Not to be pessimistic but I assume when a CEO cuts their salary there are other forms of compensation like stock. Maybe someone here with more experience can weigh in? Cutting $70k only helps one person keep their job. How many employees do they have? Anyways, I still applaud his desire to keep 100% of his employees. It is noble. Board and shareholders might disagree but it is nice to see someone looking out for the…
What I've been hearing on the internet is that companies are racing to lay off as many people as they need to now, before applying for their free bailout money from the government. It also sounds like businesses are trying to lay off more than they actually need to lay off, in order to get the maximum benefit. The terms of the bailout loans are such that they can lay off people before they apply, get the money, and s…
In wartime there is a much stronger moral backlash against perceived profiteering. We're seeing it in the UK with campaigns to boycott companies that have already shown no desire to share the nation's pain.
Hopefully companies that cynically abuse the bailout will find themselves tarnished in a way that is harder to shake off than it usually is.
Earlier quoted context omitted.
These days I wold argue that especially in small businesses and startups the first employees are the real risk takers. The owners/founders will usually find a way to get some money when a company is failing while the employees get nothing.
How are owners of small businesses able to make money while their company fails? I would like to know because I plan on starting a business in the coming year.
Earlier quoted context omitted.
These days I wold argue that especially in small businesses and startups the first employees are the real risk takers. The owners/founders will usually find a way to get some money when a company is failing while the employees get nothing.
How are owners of small businesses able to make money while their company fails? I would like to know because I plan on starting a business in the coming year.
Rinse and repeat and I’ll be rich very fast.
What I've been hearing on the internet is that companies are racing to lay off as many people as they need to now, before applying for their free bailout money from the government. It also sounds like businesses are trying to lay off more than they actually need to lay off, in order to get the maximum benefit. The terms of the bailout loans are such that they can lay off people before they apply, get the money, and s…
People like to compare the current situation to wartime and I think some of the parallels are useful. In wartime there is a much stronger moral backlash against perceived profiteering. We're seeing it in the UK with campaigns to boycott companies that have already shown no desire to share the nation's pain. Hopefully companies that cynically abuse the bailout will find themselves tarnished in a way that is harder to…
The law makers are the ones who write the cheques and make the system the way it is. The real problem is how laws are made and how the government functions.
The ego on this guy. Just do it quietly, why brag about it
What I've been hearing on the internet is that companies are racing to lay off as many people as they need to now, before applying for their free bailout money from the government. It also sounds like businesses are trying to lay off more than they actually need to lay off, in order to get the maximum benefit. The terms of the bailout loans are such that they can lay off people before they apply, get the money, and s…
People like to compare the current situation to wartime and I think some of the parallels are useful. In wartime there is a much stronger moral backlash against perceived profiteering. We're seeing it in the UK with campaigns to boycott companies that have already shown no desire to share the nation's pain. Hopefully companies that cynically abuse the bailout will find themselves tarnished in a way that is harder to…
Not to be pessimistic but I assume when a CEO cuts their salary there are other forms of compensation like stock. Maybe someone here with more experience can weigh in? Cutting $70k only helps one person keep their job. How many employees do they have? Anyways, I still applaud his desire to keep 100% of his employees. It is noble. Board and shareholders might disagree but it is nice to see someone looking out for the…
Earlier quoted context omitted.
People like to compare the current situation to wartime and I think some of the parallels are useful. In wartime there is a much stronger moral backlash against perceived profiteering. We're seeing it in the UK with campaigns to boycott companies that have already shown no desire to share the nation's pain. Hopefully companies that cynically abuse the bailout will find themselves tarnished in a way that is harder to…
Unfortunately there's little visibility into this, so we can raise our pitch forks and go after companies with angry mobs, but at the end of the day we don't really know what's going on inside every company. The law makers are the ones who write the cheques and make the system the way it is. The real problem is how laws are made and how the government functions.