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Economist on "Why Executives Who do Massive Layoffs are Failures Themselves"

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They could have made different business plans, adjusted their product lines, taken new strategies to save the company's workers their jobs.

But they didn't.

But wouldn't a $20 million yearly salary buy the kind of talent that would do that?

What did you pay $20 million for then? If they can't even strategize well enough to save some jobs?


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