I’d posted something last year discussing Carly Fiorina and Craig Barret’s views that America needs more competition between workers in order to drive down wages, thereby increasing profits.
Funny enough, Fiorina got fired this week – something about “differences” with the HP board. To satisfy corporate tradition, she gets a $21 million severance package. I guess that means universities should produce a few more extra workers, just to drive down wages even more and pick up the paycheck on Carly’s windfall.
The joy. I could go on about how eliminating executive salaries that are tens or hundreds (dare I say thousands?) of times the salary of the average employee would increase overall profit even more – but then, everyone already knows that.:-P