Comment by gambiting

Because in some companies the CEO compensation is a significant portion of the expenses so obviously cutting it would free up cashflow to do other things - but also on a simple human level hearing about yet another CEO getting tens or hundreds of millions in compensation while they announce how sad they are they have to let go 10% of their workforce is just simply gross. I think even in private companies you are allowed to care when this happens, and voice your displeasure with this clearly visible idiocy of the situation.