Originally Posted by ForNever
Jesus, that's sickening. In my opinion, the CEO is first guy on the chopping block when a company begins to free fall. Not that they'd really care, of course, being as they have all kinds of, "I get my money no matter what" clauses. Disgusting.
Yep. For instance, where I live.
Two months ago the CEO of Ford Europe was promised 57 million euros
from the Belgian government in return for a guarantee that the factory would remain open for at-least 10 years
, ensuring no loss in jobs. A few weeks later he got the promised money, sealing the deal with the government and the promise to ensure employment. On Monday, two months after the promise, he announced the closure of said factory, firing 10.000 people
directly or indirectly. Taking the Belgian government's money with him.
His "skill in organizing necessary cuts in a humane way" got him a promotion, apart from being the CEO for Ford Europe, he is now also the CEO for Ford Africa and the Middle East.
Gotta love business.Edited by MoGTy - 11/2/12 at 11:43am