In 2009, it paid to fire large numbers of American workers

It’s good to be da’ king. And to think the poor little lambs are being asked to provide more pay transparency that can easily be generated with a simple Excel spreadsheet in minutes.

As U.S. companies shed millions of workers during the recession, the CEOs who laid off the most people brought home pay that was significantly higher than that of their peers, a study released Thursday found.

The CEOs of the 50 U.S. companies that laid off the most workers between November 2008 and April 2010 were paid $12 million on average in 2009, or 42 percent more than the average across the Standard & Poor’s 500, according to a study by the Institute for Policy Studies, a Washington think tank.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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