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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.” Continue reading “Article: Opinion | CEOs are grossly overcompensated while workers suffer”
