On the recordFebruary 28, 1996
While American workers keep losing their jobs, the top chief executive officers just keep hitting the lotto. Check this out. Chemical Bank go rid of 12,000 workers; the boss made $2.5 million. GTE got rid of 17,000 workers; the boss made a cool $2 million. IBM shafted 60,000 workers; the boss made $2.6 million. And AT&T, they take it all. They got rid of 40,000 workers and Robert Allen, chief executive officer, made 3.3 million big ones. They call it downsizing. I call it larceny. AT&T does not stand for American Telephone and Telegraph anymore. It stands for Allen and two temporaries. That is Robert Allen, folks; $3.3 million, think about it. I yield back the balance of all this unemployment.
Source
govinfo.gov
