TODAY: The dam has never been more profitable, now that we’ve fired all the folks with their fingers in the little cracks.

THIS TIME NEXT YEAR: Oh no! The dam has failed! Please help us, we need bailouts!

It’s pretty crazy how much they can raise employees salary by getting rid of ceo pay.

If the company had 1000 workers, they could each get a 30k raise.

Hahahahahahahahahahahahahahaha…

You serious?

For real though. Yes the CEO can get a pay cut, but that is unlikely to save more than a few individuals. The costs of labour are just that high, often the highest of all costs a company has. That’s why laying off staff, although terrible, is the best way to save money for a company.

I agree that CEOs earn waaaaay to much for what they actually do, but cutting that is not the magic solution people imagine it is.

Even the famous pay cut by Shigeru Miyamoto of Nintendo was accompanied by other cost saving measures in the company, and only because Japanese law demands that layoffs be the last thing a company does.