Last year, a major U.S. industrial giant made a profit of $600 million dollars. Not bad! As the end of the year approached, the company made an announcement that had been eagerly awaited by the big stock traders on Wall Street: the corporation was going to get rid of 10,000 of its employees. Why? Because by eliminating those 10,000 jobs, the company could increase its profits in the short-term. The announcement said nothing about what the decision would do to the 10,000 employees who got those pink slips. When the announcement came, a big cheer went up on the floor of the New York Stock Exchange and all of Wall Street celebrated as the company’s stock immediately jumped 9 points.…
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