I couldn’t resist the violent title. A mob of fired workers in India killed the local CEO of Italian Manufacturer Graziano Transmissioni. Now, I am totally against death as punishment in any circumstance, and this event will likely hurt the willingness of foreign companies to locate manufacturing in India, but the punishment is ironic given the number of layoffs on Wall Street and their superior means of enacting revenge on their bosses these days. I wonder how many millionaire bankers and insurance executives have fantasized about the route these frustrated workers took.
Hat Tip: DealBreaker.com.
Disclosure: I do not encourage or support the killing of any human being for any reason. This article in no way is an effort to encourage others to kill or harm anyone. It is a satirical attempt to show the sad length people sometimes go to when frustrated about their livelihood. I hope nothing like this ever happens again anywhere. I have never been a CEO, though for a time I was head of Latin American Equity and Derivatives Trading at Morgan Stanley, which included the Brazilian office in Sao Paolo. In my opinion, Morgan Stanley treated its workers in Brazil with respect and dignity.