The dirty little secret about corporate America is the Executive Suite and Board Room are usually more focused on what’s good for themselves as opposed to the shareholders. Once in position, many of these executives and board members consider themselves to be the primary beneficiaries of corporate assets and conduct business and policy to that end. Shareholders need to wake up.
Isn’t that what most companies do — pay the workers as little as possible so they can keep the remainder for themselves and the investors? Isn’t that their job?
The only company I worked for that was super generous with paying employees was GE, under Jack Welch. They were diligent about weeding out bad workers, but the ones who were there were rewarded with very good salary increases, and generous monetary merit awards for exceptional performance. (I made a killing!) When Welch left, so did the recognition of employees.
https://www.wsj.com/news/author/ray-a-smith
It took two reporters and one editor to produce this latest attempt at lets-you-and-him-fight.
They are paying more than ever - just not enough to keep up with government-induced inflation.