Post by Dan Price on X
Dan Price@DanPriceSeattle
XCitiGroup announced 20,000 layoffs in January despite $9.2 billion in annual profit. Since then their stock has soared 22% because "costs are lower."
Guess how upper management gets paid? Via stock. So they all got a huge raise.
Corporate incentives are all backward.
5.2K likes73 repliesPosted May 14, 2024