BTW, when the IP of "incorrigilble" corps is sold, it should be with the stipulation that NO layoffs occur for up to 3 years. That would be long enough for employees to exit comfortably if need be.
Moreover, when mega mergers occur, CEOs and board members SHOULD personally be deprived of enuogh cash to enable the "bastardee hirees" to gracefully exit.
I know it isn't the way business works, but to damn many businesses go on hiring binges then purge people after promising "there's very little to no overlap; you don't have to worry about being laid off; we've got $700,000,000 in the bank and assets..."
IT HAPPENED TO ME! And, to lots of others. Yet we never or rarely hear about a CEO taking a paycut. It's just the corporation taking a "charge of x amount of $, and they get to recover. Unemployemnt doesn't help a lot of people. Transition and exit packages should be in the form of something menaingful, considering the "bonuses" all too many CEOs used to get. It's refreshing to see in the news that a number of CEOs got roundfiled recently, but the feeling is short-lived if they're being bounced for a meaner, fiercer, more-slaying CEO to take the mantle...
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Re:If you can't stand the heat ...
Posted by: David Syes on May 23, 2003 04:51 PMMoreover, when mega mergers occur, CEOs and board members SHOULD personally be deprived of enuogh cash to enable the "bastardee hirees" to gracefully exit.
I know it isn't the way business works, but to damn many businesses go on hiring binges then purge people after promising "there's very little to no overlap; you don't have to worry about being laid off; we've got $700,000,000 in the bank and assets..."
IT HAPPENED TO ME! And, to lots of others. Yet we never or rarely hear about a CEO taking a paycut. It's just the corporation taking a "charge of x amount of $, and they get to recover. Unemployemnt doesn't help a lot of people. Transition and exit packages should be in the form of something menaingful, considering the "bonuses" all too many CEOs used to get. It's refreshing to see in the news that a number of CEOs got roundfiled recently, but the feeling is short-lived if they're being bounced for a meaner, fiercer, more-slaying CEO to take the mantle...
David Syes
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