Iconic brand-name corporations filed for bankruptcy protection causing massive layoffs and the CEOs and top-echelon executives were richly rewarded with generous million-dollar bonuses. A company spokesperson disputes the numbers, as well as claims that thousands of jobs weren’t offshored after U.S. workers trained them. Tenet Healthcare furloughed thousands of workers in the wake of the coronavirus. Hotel and gambling empire MGM Resorts furloughed tens of thousands of workers and began layoffs. Disney Chairman Bob Iger (who up until recently was the CEO) will forgo his $3 million salary for this year.

Source: Forbes June 10, 2020 15:45 UTC