Days of paying millions to employees over?
Other than fraud, con jobs, collusion, mismanagement, the other major cause of the financial breakdown in the US is the paying of crazy millions to the top management teams. This practice came out as a scheme among the top management and the board of directors, a case of 'I pay you and you pay me' at the expense of the minority shareholders. And the amount they were paying one another kept going up from tens of millions to hundreds of millions to a few individuals. And what did they get? A bunch of cheats and conmen doctoring the company accounts to reflect profits and roaring businesses, but actually an apple rotten from within. Employees are employees, even at top management level. How could these people command millions and millions while the organisations kept going down? But would this insanity stop and the paying of multi million dollar salary come to a halt?