It is one thing for CEOs to give speeches saying that employees are critical stakeholders in XYZ, Inc. But what do large corporations do when the company gets sold? WSJ reports that three law professors examined 116 takeovers worth $1b+ since April 2020 and examined how the proceeds of the sales were distributed.
As you might imagine, shareholders and executives made out fine across the board.
Guess how many provided job guarantees after the sale. Guess how many guaranteed severance payments to those laid off.
The answer in each case: zero.
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