Not only is it perfectly legal but the executives would argue that they are bound by their fiduciary duty to their shareholders. Layoffs increase stock price => shareholders make money => shareholders approve bonus for executives.
Comment on Meta approves plan for bigger executives bonuses following 5% layoffs
breadsmasher@lemmy.world 2 months ago
of course. gut the workers to pay for the executes yachts. how is this is legal boggles my mind.
tHe AmErIcAn DrEaM
ofcourse@lemmy.ml 2 months ago
AtariDump@lemmy.world 2 months ago
“They call it the American Dream because you’d have to be asleep to believe it!” - George Carlin
WhatAmLemmy@lemmy.world 2 months ago
It’s legal because we live in corporate dictatorships masquerading as “democracy”.