Until ethics return to upper management we are stuck in a loop.
I have always believed that to those who have been given much, much is expected. The top level management of the big corporations have been given much in the way of salaries and benefits. One of the expectations, in my opinion, is to be concerned with the welfare of the employees. This involves the best effort to develop and market a salable, quality product, and not just look at the short term profits for the next quarter. The union leaders must also be held to the same standard. These leaders must be held to what is best for job security in the long run and not just the wage boosts for the next year.
In his first year as CEO of Chrysler corporation, Lee Iacocca had a salary of $1. He took on the job of CEO as a challenge. Now, I’m not in favor of paying the CEO of major corporations only $1 per year, but I would hope that these CEOs would take the positions for the challenges and the reward of meeting the challenges as opposed to strictly the salary.