-- Connecting the dots between our economy, government and business --
One of Chicago’s big corporate employers is moving to cut most employees’ salaries by 20 percent. Aon, based in London but employing about 5,000 in the Chicago area, announced the temporary pay cut today as a maneuver to “preserve operational flexibility.” CEO Greg Case and other top executives announced they would be taking 50 percent cuts in salary at the same time.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Navistar cut too depending on your employee level, similar amount. But the agreement is that we will be reimbursed with 6% interest after things go back to normal. 6% ain’t bad.
Corporate America doing what it can to stay in business and keep people employed, meanwhile Pritzker embraces raises for public workers.
Aon employee here. Public sector workers are our feudal lords and we are their serfs.
This won’t be good for the ‘Unfair Tax’.