|Dr. Sarah Peck, Finance Chair|
In commenting on the increased profitability of firms that imposed deep employment cuts from 2008 to 2010, Dr. Peck said, "Some of the companies that drove this unemployment and imposed pay cuts are doing well because of the cuts. It's kind of a hard pill to swallow."
"The short-term actions that jacked up prices may not be viable in the long term," she said. "If my share price is higher but I don't have a job, then I might not like the way the CEO is being compensated."