LIVE: Nexia BT Associates Back In Court In Corruption And Money Laundering Case
Lucas DiBlasi, 26 May 2021
Nearly every large company in the United States laid workers off, furloughed them or cut their salaries last year, all the while paying their CEOs incredible amounts of money.
After losing $4 billion, Norwegian Cruise Lines doubled the pay of CEO Frank Del Rio to $36.4 million. Hilton, the world’s second-largest hotel company, laid off about 22% of their global corporate staff before paying their CEO, Chris Nassetta, nearly $56 million.
And what’s Nassetta’s take on the year? He told investors he’s “pounding the table with optimism” and will be able to “return even more capital than we were pre-Covid to our shareholders.”
The nearly uniform decision of companies to lavish CEOs with tens of millions of dollars while actively decimating the lives of their workers is both a gross moral failure and a clear indictment of a rancid systemic problem.
Hundreds of CEOs at large companies have the power to radically improve and even save lives, yet every year they actively fight against doing so. It is reprehensible that these CEOs can justify spending billions on less important things like space travel while neglecting their moral duty to use their power for immediate relief of suffering.
