Excessive CEO Pay and Job Losses: Are They Linked?

By Carl M. Cannon - November 5, 2011

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Three weeks before Christmas in 2008, Philippe Dauman and Thomas E. Dooley, two top executives at Viacom Inc., wrote a “Dear Colleagues” letter to the employees of the media conglomerate informing them that the company was downsizing its workforce by 7 percent. That represented 850 jobs, 850 human beings, who would be looking for work in the midst of the worst job market in 25 years....

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Carl M. Cannon

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