Last week’s CI CyberNews e-newsletter survey asked “What is your company’s main goal right now?” Avoid layoffs and survival model each received 25% of the responses. The remaining 50% of survey participants chose invest in growth.
It’s unanimous: 100% of respondents to last week’s CI CyberNews e-newsletter survey believe that the government has a right to cap executive salaries/bonuses and be involved in other spending decisions for companies receiving Federal stimulus money.
To be fair, the government didn’t really stipulate how the banking industry had to use the money it received through TARP. On the other hand, the package wasn’t called the Gazillion-Dollar Bonus Program or the Woo-Hoo, Let’s Party Fund.
Over 71,000 people lost their jobs yesterday. I have the same feeling now that I get when I hear about a horrible natural disaster: I can’t stop wondering what all of those poor people are going to do.