That is what the CEO did. I do not see anything about the stockholders being upset.
How do you know these people got millions. There is no law, yet, that demands they employ this 7000 people and give benefits when they are no longer needed.
You need to change parties. You are a socialist.
I didn’t say the stockholder were upset...I think when a CEO takes a bonus during bad times, lays off 7000 people the same week, he is about to take the money and run. I advised Stockholders to sell and quickly or they will lose their investment when this company goes into chapter 11 or even chapter 7 liquidation.
The CEO did what he wanted to...as I have stated before...it his right. However, I suspect this company is headed for trouble and would not buy stock in it. Personally, I am offended by this behavior so I won’t shop there...how is this socialist?