This is what is wrong with the economy not anything about banks or taxes. It is simply the greed of CEO's and shareholders that are more concerned with short term gains rather than the long term health of the companies and the economy. Things need to change. Corporations need to no longer be given more rights than individuals. They also need to be required to have a responsibility to not only their shareholders, but to their employees and their communities.
from Bleeding Heartland:
"The layoffs are part of 700 job cuts nationwide at newspapers owned by the Register's parent company, Gannett. CEO Craig Dubow was paid $4.9 million in 2010, double his 2009 pay. He also received a cash bonus of $1.75 million for implementing cost-cutting measures, including company-wide layoffs in 2010."
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From WHO.TV. "CEO Craig Dubow was paid $4.9 million in 2010, double his 2009 pay. He also received a cash bonus of $1.75 million for implementing cost-cutting measures, including company-wide layoffs in 2010." How much did he actually save? And was the credit for this "savings" reduced by the amount of his bonus? I'm disgusted by the idea of corporate greed-mongers making millions of dollars for putting people out of work!
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