I know what the meme is supposed to represent, but the Tolkien nerd in me feels the need to correct the universal misunderstanding of the picture used.
Frodo isn’t saying he can’t read the inscription on the One Ring because it’s in Elvish. He actually is pretty fluent in Elvish in the novel, but the inscription on the Ring was in the Black Speech, which he couldn’t recognise.
Hahahahahahahahahahahahahahaha…
You serious?
For real though. Yes the CEO can get a pay cut, but that is unlikely to save more than a few individuals. The costs of labour are just that high, often the highest of all costs a company has. That’s why laying off staff, although terrible, is the best way to save money for a company.
I agree that CEOs earn waaaaay to much for what they actually do, but cutting that is not the magic solution people imagine it is.
Even the famous pay cut by Shigeru Miyamoto of Nintendo was accompanied by other cost saving measures in the company, and only because Japanese law demands that layoffs be the last thing a company does.