These aren’t great times to be a boss. Most companies in the world are feeling the pressure of the global economic downturn and they people in charge of them aren’t winning any popularity contests. We’re inviting company bosses from all over the world to come on today’s show and tell us about their experiences of these tough times. Should we all be better at acknowledging the role that these people played in creatign wealth for all of us?
Thousands of people are being laid off every month, hundreds of companies are going under, banks are folding, credit is tough to get, sales are down, and wages and working hours are being cut. All of which bosses either take responsibility for, or have to deal with directly.
On top of that, while bankers hold a special place in many of your hearts at the moments, CEOs and managers of all kinds have been pilloried for the incompetent and irresponsible way that they have run their businesses. And now the chips are down, many of you think it’s them not their employees who should be out of a job.
(ANOTHER) BAD DAY FOR THE BANKING BOSSES
The former head of Royal Bank of Scotland (which has just announced the biggest losses in UK corporate history) has been asked by the UK government to forego a pension of a cool £650,000 a year for life.
The head of Swiss bank UBS has moved on.