Among those named by President Obama to advise him on reversing the continuing decline in employment in the U.S. are, according to this report compiled by Investors Business Daily, a bevy of chief executive officers who have led the way in eliminating American jobs. The ludicrous list includes the heads of:
* GE, which, according to its annual reports, has cut its American workforce by 25,000, or 16%, between 2001 and 2010 . . . while at the same time increasing the number of its employees in other countries.
* American Express, which in 2010 employed 28% fewer workers than it had a decade earlier.
* Kodak, which shrank its payroll from 75,000 employees in 2001 to 18,000 in 2010.
* Xerox, which in 2009 (before it acquired another company) had cut a third of the number of employees it had in 2001.
How does anyone expect advice from job eliminators to stem U.S. job losses?
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