Interestingly, the critique is no longer confined to left-wing radicals. It
has become mainstream. For example, amid the corporate downsizings of
the mid-1990s, Newsweek magazine ran a cover-page article on "Corporate
Killers." It featured the photographs of leading chief executives accompanied
by details of their salaries, often many miliions of dollars· per annum,
and the number of employees that had been "downsized" during the previous
few years: 74,000 at GM, 60,000 at IBM, 50,000 at Sears, and 40,000
at AT&T, to name just a few. The fact that such a conservative magazine
would use such an extreme image to capture the reality of corporate life
symbolizes the increasing concern and cynicism that people hold about
the role and interests of the modem corporation
Interestingly, the critique is no longer confined to left-wing radicals. It
has become mainstream. For example, amid the corporate downsizings of
the mid-1990s, Newsweek magazine ran a cover-page article on "Corporate
Killers." It featured the photographs of leading chief executives accompanied
by details of their salaries, often many miliions of dollars· per annum,
and the number of employees that had been "downsized" during the previous
few years: 74,000 at GM, 60,000 at IBM, 50,000 at Sears, and 40,000
at AT&T, to name just a few. The fact that such a conservative magazine
would use such an extreme image to capture the reality of corporate life
symbolizes the increasing concern and cynicism that people hold about
the role and interests of the modem corporation
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