Economy

September 1, 2010 7:08 AM

Study: CEOs of top 50 job-cutting companies earned $598 million in compensation

The nation's biggest job-cutting companies paid their top executives an average of $12 million last year, according to a report released today by the Institute for Policy Studies, a research group that works for social justice and against wealth concentration. The 50 U.S. chief executives who laid off the most employees between November 2008 and April 2010 eliminated a total of 531,363 jobs.

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