Tags: ceo pay

THIS MONTH'S TIP

Mon. November 02, 2009

 Am I Alone?

 

The Devastating Psychological Impact of Unemployment and

Society’s Moral Responsibility 

Perhaps the most prevalent feeling the newly unemployed experiences is that of loneliness.  Even if we are the victims of a major layoff in which many other coworkers leave at the same time, each of us deeply feels a sense of loss way down in our soul.   Loss of who we are -- getting up each morning and having a place of employment to go to is gone -- and often times our sense of identity goes with it. Loss of our jobs not only has a detrimental economic effect, but can crush our psyche as well.  Our perceived self worth is often times intrinsically connected to our titles and what we accomplish through our jobs - taking good care of our families by providing them a roof over their head, food to eat, clothing and having the extra money to do fun things together; solving problems and issues at work and being a valued member of the team; feeling like a productive member of society.

Executive Pay Cuts Could Save Connecticut Jobs

Thu. September 24, 2009
After battling for months with Pratt & Whitney over ways to save more than 1,000 jobs at two facilities in Connecticut, the IAM welcomed a suggestion by Connecticut Treasurer Denise Nappier to cut executive pay as a means to keep Pratt’s Cheshire and East Hartford operations open.