maandag 8 november 2010

The unfairness of the recession

Everyone knows the economic slump in 2009 was a hard time for companies and employees. Recent studies however have shown us how unfair the great recession actually was.
According to a study of the IPS, the top 50 companies who laid off the most worker, rewarded themselves with 42% more salary than the average company during the crisis. Schering-Plough’s CEO as example had become a golden parachute of $33 million, then again 16 000 workers lost their jobs. Even more appalling is the fact that in 2009, some companies even paid more bonuses than taxes, mostly by bringing elaborate tax avoidance schemes into play.

Kevin Rokegem
link: The Guardian

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