CEOs Who Laid Off the Most People Made the Most Money

By Patrick Spain,  Newser User
Posted Sep 1, 2010 12:23 PM CDT Posted Sep 1, 2010 12:23 PM CDT
Promoted on Newser Sep 1, 2010 12:42 PM CDT
CEOs Who Layed Off the Most People Made the Most $
Modern Scrooges seems to do well when it comes to salary.   (AP)

Should it come as a surprise that those CEOs who fired the most people last year made the most money? The Institute for Policy Studies published a study today that showed that those CEOs who made the largest layoffs made about 50% more—$12 million in 2009, compared to an average of $8.4 million for all blue chip CEOs.

And if you are wondering who the worst offenders were, the Institute has obliged by providing what Fortune calls a list of the “10 most heartless CEOs.” Click to the full story for a list of 2009's top corporate Scrooges.
(Read more CEO stories.)

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