CEO Salaries Go Up When Employees Are Cut -- Hmmm!


New research from the Institute for Policy Studies (IPS) claims that there is a direct correlation between layoffs and increased salaries for CEOs.

IPS analyzed the top 50 companies who had high layoffs during the recession and found that the CEOs of these firms received 42 percent more pay last year then their peers. The report, CEO Pay and the Great Recession, accuses CEOs of cutting staff to boost short-term profits.

Originally published