Or, to be more realistic, a 30k salary. It's completely workable for anyone without kids, and is likely quite a bit below what other employees are paid.
I agree with the main point. Any "CEO" who lays off workers without first cutting his or her own salary down to the bare minimum is clearly not doing what's best for his or her company.
Heh, or here's a better option- if there absolutely must be cuts, first offer the employees that would be cut the ability to move to a cheaper country and telecommute and an equivalent salary, adjusted for cost of living.
I agree with the main point. Any "CEO" who lays off workers without first cutting his or her own salary down to the bare minimum is clearly not doing what's best for his or her company.