Unfortunately, CEO’s of major corporations will not see profits in the US unless they can pay their workers here $1 an hour, or reduce their top executive salaries to no more than $1million, instead of the average $22million they are getting, not to mention other high level management wages. I remember when my GE stock plummeted from $50 to $5 a share from 2007 to 2008. I check out the pay of the top 7 GE executive over that period. They were earning from $11million to $22million. ANy pay cuts?? No, no, no!!
Many major corporations won’t, and often contractually CAN’T, do pay cuts for their CEOs, without other long-term benefits. This makes it look like they are being heartless, but they are looking at the bottom line (which is where they are supposed to be looking). But, remember these major corporations are not typically the primary employers in America.
When you start talking about the top 20 major corporations, you are talking about GLOBAL entities that have deliverables beyond just the United States.
I’m NOT saying what they are doing is right or wrong, but once again Liberal policies are designed to create a globalist economy, and then people (Liberals in particular) complain when globalist businesses do business on a global scale.
The 2007-2008 “Great Recession” was very similar to the American Great Depression: it was only “great” in America. Most of the rest of the world didn’t do the same stupid things that FDR and Obama did, and their economies recovered quicker and better than America’s.
More importantly, if you have a problem with GE and their CEO pay, I would suggest you sell your stock and invest in something else - that’s what makes the American economy function.