Jobs Simply

Tens of thousands more jobs lost as corporate America announces new layoffs.?

I'm curious, why doesn't executive level management take a pay cut? The millions saved could help save jobs in their own companies. How many jobs could be saved if CEO's came forward and said they would take a pay cut to preserve jobs for the workers?

Public Comments

1. fundamentals are still just fine.
2. because john mccain won't allow that to be put in the bailout because half of them are at one of his 10 houses for dinner parties weekly
3. Fundamentals of USA are the strongest. Some hiccups need not scare us. US has time and again proved that it is a GREAT SLEEPING GIANT.
4. Companies are getting ready for an Obama administration that will cost them millions in new taxes When you raise taxes on businesses it always has the same result Job loss
5. That can be summed up in one word, greed. A C.E.O. with a golden parachute doesn't care if his corporation tanks. He gets his anyway.
6. Same reasons unions won't let their workers take pay cuts when companies are in trouble, self-interest.
7. Executive level Management are Republicans.
8. "The Fundamentals of our economy are strong" - John McCain 2 weeks ago how are people who are being layed off, are out of the job and now have no money coming in strong and have to search for a new one while making no money. what is bush doing about these people with the strong economy? obama has a plan coming in but where is bush's help and why did McCain vote with bush 90%of the time if he wants to make a new plan?
9. watch ceo pay increase-rich people love the GOP
10. BRAVO! Do it for the good of the country and your fellow citizens! It's interesting, where I come from there are businesses and CEO's that run their business in this manner. When the company does better everyone does better and when times get lean everyone in the company cuts back. It's a beautiful thing to see. This is how we have a strong country.......good jobs which lead to strong families which lead to strong neighborhoods which lead to strong communities which lead to strong states which lead to a strong nation.....etc. etc. etc.!!! When Capitalism knows no national sentiment or loses Nationalism (Made in the U.S.A.) (American pride) you get what we have now......wealthy individuals who don't give a damn about the country or the citizens as long as they get what they feel they have coming! But here's the thing .......they would have nothing if there weren't people to buy their service or product! One hand feeds the other!
11. 1 fat cat CEO earns a minimum of 1 million per year - in the bigger corporations that is nothing -peanuts - chump change and all those other colourful American slang phrases 1 million dollars - divided by 10 equals 100,000 dollars 10 men could have been given 100 grand to feed their families for a year instead of one man getting the entire sum 1 million dollars divided by 100 equals 10,000 dollars 100 families could have been given a 10,000 dollar reduction on their mortgage in order to save them from homelessness There are hundreds of CEO's making in excess of 5 million dollars with golden parachutes What did these CEO's do for their incredible wage ? Hijack tax payers into a 700 billion dollar debt on the gamble that Paulson could sell that debt off in the form of Treasury bonds to foreigners who have more or less had it with the US completely If he sells the bonds - he will have to come up with interest on them at the end of their term --- this is quite a gamble for the future given the markets And if he pulls it off ? The tax payer will not really get paid back - they will still be homeless and the tax payer via the government will own bad assets which have been moved from one set of books to another instead of being allowed to just die Bad assets projection is 15 % of total US assets in trade equaling 700 billion dollars - transferred from the corporate Wall St books to the tax payers books via the Treasury Should there turn out to be more than 15 % bad assets - oh baby get ready to bend over and pucker up There is only one answer to this lunacy The rulers are really stupid drunk on crack retarded Or They are out to collapse the US dollar