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| With the latest news of job cuts in America, it is pretty obvious how CEO's deal with economic slowdown: They fire people. Now, do you still want a CEO for President? You can't fire citizens when things go bad and that is their biggest ace in the hole when running a company. "Oh no, the company can't afford to pay me my 300 grand? Well we better cut a couple thousand jobs." Notice how taking a pay cut is never in their business plan.And here is where the numbers get fudged . When all these recently laid-off and fired people file for unemployment the unemployment rate in America rises.
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Tagged as ceo recession unemployment jobs president economy
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| Michael Dell, the former CEO of the company, will return to the position, owing to Dell Inc. disappointing earning and battery recalls.His comeback proved efficient immediately. Dell shares, which fell 7 cents to close earlier Wednesday at $24.22 on the Nasdaq Stock Market, jumped 92 cents, or 3.7 percent, in aftermarket activity.In August, Dell recalled 4.1 million potentially flammable notebook batteries made by Sony Corp. and, after consistently posting earnings gains since its inception in 1984, also saw its profit drop. The company on Wednesday forecast fourth-quarter profit and sales below
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Tagged as ceo dell pc computer
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