You are wrong to assume that the person who started this post was someone who was laid-off. Actually, a lay-off presume a chance to come back. NM's game is RIF - reduction in-force. The real reason they let employees go was to save money of health insurance premiums, pension pay-out's, etc. Older employees just cost too much money. However, their experience cannot be replaced. Yes, they need younger workers in as older workers retire; but, there is a right and a wrong way to do it.
As for JS - anyone making $13m a year is too much when you offshore jobs to India paying those employees cr...p and expecting your onshore employees to cover the work, get it done when offshore can't do it and work hours to accommodate offshore resources.
Having to live in Milwaukee has absolutely nothing to do with why JS should get paid more.
Are you staying up on the news? The dividend rate is no longer the best, they just lost a valuable network office team to LPL. It turns out that their pie-in-the-sky idea about financial planning including both insurance and investments is a bust. It was a lofty idea but no one in the business is making that work. Anyone with a brain knows that was a joke. No client in their right mind wants to stick all their eggs in one basket. If the company goes down they lose everything.
Ok - this analogy is going to sound very old fashioned but there was reason why advice was stated not to have a married couple work at the same company. Same analogy goes for investments & insurance. And, it's part of the struggle for employees. It's not uncommon to work there for 40+ years. They never experienced NM letting people go, It's part of the reason why people are devastated.
Everyone that works at NM both past & present shoulders some of the responsibility. God bless those who got out by choice or force as they will reap the rewards life has to offer.