You're CEO of a Fortune 500 Co. The Board (10 people) want you to layoff 10,000 employees to boost the quarterly stock dividend 5 cents. If you do, you get a 10 million dollar bonus. You're decision, what do you do?
Take the bonus. If you don't, you'll
Be voted out and the next CEO will lay off 10,000.
Mainly because you would not see the light of day tomorrow.
CEOs have to treat the company as a business, not charity, if they want to remain in their position. Especially CEOs of large public companies. You don't get that far without being some grade of psychopath. Not crazy, but less emotion & empathy.
No layoffs. And, I don't expect to survive the next board election.
No, but you'll have your own nationally syndicated radio show.
First show "How I escaped the tar baby by getting thrown into the briar patch!".
Of course I'll take the bonus!
No brainer. Get the bonus!
In my career, that's what I've seen far more often than not. While it has happened, it's exceptionally rare that a leader will sacrifice to keep their workers whole.