Yes, large corporations really are that stupid, short-sighted and corrupt. If this CEO had any decency (yeah, right), he would have said, “No, give me one million and split the rest with those 1700 laid-off workers.” It would have come out to roughly $12,000 per employee.
Read the rest here Verizon To Lay Off 1,700 Workers After Paying CEO $22 Million Last Year
"America’s largest wireless service provider plans to cut 1,700 jobs by offering its technicians and call center employees buyouts. Verizon Communications announced last week that it would reduce its nationwide workforce by 1 percent, and if enough workers don’t accept the buyouts, it will resort to involuntary layoffs."