CEOs: Cut more jobs, make more money

A study reveals an unsettling trend from the Great Recession: Not only did many CEOs get raises while laying off workers, those who cut more got bigger pay packages.



By Michael Brush
MSN Money

Across America, the Great Recession and its aftermath have hit the haves and the have-nots in very different ways.

Turns out that while legions of workers got pink slips, the CEOs at some of the companies making the steepest job cuts earned some of the biggest salaries. And the issue isn't the much-discussed pay gap between executives and average workers; these CEOs earned pay packages that were often two or three times the average pay for other CEOs.

Meanwhile, the layoffs cost us all -- because of a weaker economic recovery due to a dwindling consumer class and the cost to the government of supporting an army of unemployed.

Read the entire article