Stock Prices Rise at Expense of Loyalty
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* Our corporate leaders, in order to keep their jobs and satisfy the analysts on Wall Street, have and will terminate anybody who gets in their way of keeping the price of their company’s stock up [“Layoffs: A Company’s Strategy of First Resort,” Nov. 22].
I know you are trying to alert people that we have a serious problem, but most of your readers are too busy drinking beer and celebrating the positive effect of higher stock prices on their IRAs and retirement plans. Many of your other readers don’t care about their fellow workers and suffer from apathy.
But seriously, the real damage that is being done to our society by these layoffs is the social learning that our children are experiencing by watching this happen to their parents.
JOHN OSBORNE
Glendale
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