Quote:I never read Uncle Tom's Cabin.  But the way your interpret things makes me really want to download that book and read it...

 

I'm not sure what the book has to do with the discussion, but then again... it is you.

 

 

 

Quote:Is it greed if the CEO gets a large % increase in compensation when the company is laying people off? 

 

Is it greed if the CEO gets a large % increase in compensation when the company is doing very well while not rewarding employees?

 

The way that I look at it, if these workers are actually making the company money and helping the company turn a big profit, then yes absolutely they should be rewarded with higher pay and benefits.  However, they are in a losing division of the company and pretty much costing the company money.  Is it smart to reward a losing effort?  A wage increase of 7.5 percent as well as matching employee retirement saving contributions and increase pensions over three years isn't enough?  If I was the CEO of Verizon I would basically say the same thing that he is saying.  "Screw these spoiled workers" and either hire non-union employees or outsource.

 

To answer your first question, no it isn't greed in this case because people aren't getting laid off, they are striking.  The CEO is doing the right thing by not bending to unreasonable demands from employees in a losing division.

 

To answer your second question, no it's not greed when the CEO gets an increase in compensation if the company is doing well.  That's his or her job... for the company to make money.  I also would say that in today's economy, a 7.5% increase in wages is pretty generous for a company to offer.  Yet, it's not enough for the greedy workers (unions).

 

The bottom line is, the CEO of Verizon is doing the job correctly and deserves any bonus that he or she gets.

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