According to The Guardian, the American agricultural equipment manufacturer John Deere -- with its signature tractors painted a brighter green than the color of money -- has rewarded executives and shareholders with $10 billion in profit while slashing hundreds of jobs as part of a plan to move production to Mexico.
For fiscal year 2023, John Deere used its $10 billion profit to provide massive compensation for company bigwigs. A total of $26.7 million went to CEO John May. Shareholders saw dividends of more than $1.4 billion.
Meanwhile, since October, the company has slashed nearly 1,500 jobs in Illinois and Iowa. Another 103 workers opted for early retirement following the announced move to Mexico.