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No More Layoffs with a Payoff: It’s Time to Freeze CEO Salaries

  • In 2022–2024, layoffs surged in various industries, while CEOs enjoyed increasing salaries.
  • For instance, Sundar Pichai, CEO of Alphabet, received over $225 million in 2022 despite the company's plan to cut 12,000 positions.
  • The proposal suggests freezing CEO pay and stock options and prohibiting stock sales for a year following layoffs exceeding 5% of the workforce.
  • The aim is to hold CEOs accountable when significant job cuts occur and share the financial impact.

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