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Nokia Broadens Cost-Cutting Measures

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Ceo cuts?

Mektah

Feb 24, 2009, 3:21 PM
Why is that these 'money saving' ideas never include CEO cuts? When was the last time a company came out and said that we are getting rid of all CEO bonuses.
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asLeepLessman

Feb 24, 2009, 3:47 PM
That would be like admiting the Company is in more trouble then it is willing to admit to. Even if I did CEO cuts I wouldnt tell the world about it. What about the potential CEO's I want part of my team? They hear something like that and its possible I will lose a lot of talent. No need to let you in that deep. Cuts are being made instead of layoffs. Thats all they said and thats all that needs to be said. Point made, times are hard and we need our team to help us out of it.

If they said times are hard and we making CEO cuts, that would mean Nokia may not be Nokia anymore.

Now, all that said: I agree with you. They should have announced some CEO cuts ALONG with asking emplyoees to take a leave of absense.
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