I guess it’s not really surprising. When companies have to lay off workers in order to remain in business, I think any cuts to upper management happen last. I think because there’s such a disconnect between the people running corporations versus those that make the corporation run – as well as pressure from stockholders – that it just make the decision to cut the jobs of 100 people making $20,000 versus a single, well paid executive.
I don’t know. I don’t claim to know economics very well. It’s on my list of things to learn.