I read a nice piece of article today about how C-Level and a little below executives are keeping up with the Jones even after being laid off by burning their savings account and their severance. This is the false sense that they will be able to find a job with the same pay level. It did not happen.
The amazing thing about the article was that (to be brutal) these people did not wanted to come out of their high horses and see the real situation going on around them. Just to maintain the same lavish life style even after being laid off is the height of arrogance and
(No offense) stupidity and absurdness.
The article goes on to document that these former executives now regret their decision not to cut down expenses. The surprising part of the essay was that they did get job offers but since it was below their level (meaning status) and salary, they rejected it. And now no job offers are coming, since the higher you go up the corporate ladder, the less jobs you can find. You can only have one CEO and one CFO instead of many down the ladder.
So the moral of the real life story is “ if the financial crisis come to rich people, save and cut down on expenses” stop worrying about what other people will think about your life style, since if they are so worried about it, they should chip in. It is easier to comments than to actually come to help.
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