[Mr. or Ms. Name]
Chief Executive Officer
[The Company Name]
Dear Chief Executive Officer:
TheCompany exists to create American jobs to serve customers and the by product is profits for shareholders. It does not exist to maximize shareholder profits first, contrary to what Wall Street shareholders preach.
We are writing to express our strong disapproval of the deeply entrenched corporate practice of eliminating American jobs to maximize short-term profits for your Wall Street shareholders. While the problem of protecting shareholder profits at the expense of jobholders, is not unique to TheCompany, the recent actions of eliminating American jobs by TheCompany is particularly concerning. This dependence on cost cutting and the resulting loss of American jobs have had a devastating economic and social impact on the families and communities all across the United States.
Most recently, TheCompany’s move to cut American jobs in TheCity has been a vicious economic blow to the families, the city and the surrounding region, while it profits your shareholders. The cuts are even more concerning when you consider the compensation the Executive Officers will receive as compared to the income of the people whose jobs you eliminated. While you may take blame for failure, you give the burden for failure to others.
On behalf of the newly unemployed Americans, the employed Americans and the American families who have been hurt by the recent job cuts, we urge you to reverse course. We urge you to bring back the eliminated jobs and to make a long-term commitment to growth and productivity improvements, thereby creating new American jobs.
By reversing course and investing in long-term growth and productivity improvements TheCompany will not only improve its reputation and standing in the community, but more importantly TheCompany will be doing its part to grow the American economy by helping the American jobholders and families live the American dream. This is the virtuous cycle that will strengthen the very customers your company relies on.
It is now the time for all corporations, including TheCompany, to take the CEO Challenge and change the way TheCompany is rigged to maximize short-term shareholder profits and become an advocate for putting American Jobs First.
To this end, we ask you to consider the following to be TheCompany’s policy going forward.
Put American Jobs First and Shareholder Profits Second
- Publicly state it is in TheCompany’s long-term best interests to put American jobs first and shareholder profits second.
- No longer use the goal of maximizing short-term profits for shareholders to justify, formulate, and implement any strategy, initiative or cost action that eliminates an American job or to compensate the Executive Officers.
- TheCompany decides when to hire an employee. Let the employee decide when their American job is no longer needed, which may occur with either an Equitable Employment Termination Agreement, (similar to a Golden Parachute), or by personal choice to leave.
Promote Long-term Growth and Productivity Improvements
- Compensate and reward Executive Officers for creating long-term sustainable growth, that also creates American Jobs.
- Share the profits of investments that improve the company’s productivity with employees in the form of higher wages, bonuses, and benefits.
Thank you for your consideration of our request. We look forward to your response.
Great American Scorecard
TheCompany’s U.S. Representative to 115th Congress
TheCompany’s Senior U.S. Senator
TheCompany’s Junior U.S. Senator
TheCompany’s State Governor
The President of the United States
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Originally published June 5, 2017