Detailed text transcripts for TV channel - MSNBC - 20100901:22:58:00
Shedding jobs and boosting executive pay to the top. and we looked at, as you say, the top 50 companies, the top 50 layoff leaders. their pay is 42% higher than their overpaid peers on the standard and poors. some of those layoff leaders, you know, if you look at fred hassen, paid $50 million, laid off 16,000 workers at the drug company. william welding, johnson&johnson, 9,000 workers, $26 million pay package. mark herd over at hewlett packard, laid off 6,400 workers. >> and this was after getting government assistance to stay afloat, this is how they rig the system. >> that's right. these are...
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