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Thread: CEOs lay off thousands, rake in millions

  1. #101
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    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by Aunt Spiker View Post
    If I had 50 employees at $8.00/hr - working 40 hours a week . . . I'm paying them a total of $320.00 each per week - which is $16,000 per week total.
    That's $64,000 per month. $786,000 per year.

    If I fire half of them - my company then retains that extra $$ . . which is $384,000.

    However - the problem, here, is that the remaining workers must pick of the slack.

    I have thus netted myself more money. . . but I've ****ed over my other employees who are now working double-time. If I don't give them incentive to stay (which is the left over pay from the others who I let go of or increased benefits) then I have set myself up for a crappy business ethic - pushing too few people too hard to get work done for the same amount of $$.

    They will be looking for work elsewhere and bailing out asap.

    Either way you look at it - it paints an 'ultimate doom' scenario for a company.

    The only way to actually save a failing company is to reduce or liquefy your assets. Maybe letting go of people who are directly related to those assets being *there* - *and then* based on that result of that - deciding if you need to let more of your employees go.
    No offense but this is a pretty simplictic view of what happens. Surely there are cases when the above this happens. Usually in bad companies which over time will not be able to compete.

    In other cmpanies changes in work force may be due to investments in IT for example so you can improve productivity. Better processes, finding things that you were doing that was not adding value to customers and stop doing that are other examples where there are reductions that do not hurt employees, customers but help both. That is because you can be more competitive, retain customers and be able to give remaining workers a stable work environment.

  2. #102
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    Re: CEOs lay off thousands, rake in millions

    We will all finally witness what happens when the top 1% control all of the money. They hord it and ask for tax breaks to hord more, all the while those who consume their goods fall in economic standing and can no longer consume the goods made, thus a stagnant economy and eventually a collapsed state.

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    Re: CEOs lay off thousands, rake in millions

    Yes, but you can fire one executive and save damn near the same $384,000.

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    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by tlmorg02 View Post
    We will all finally witness what happens when the top 1% control all of the money. They hord it and ask for tax breaks to hord more, all the while those who consume their goods fall in economic standing and can no longer consume the goods made, thus a stagnant economy and eventually a collapsed state.

    Damned evil rich people!


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    Re: CEOs lay off thousands, rake in millions

    Not evil, just greedy and short-sighted. What is the big effect of making 100million per year and being taxed 50% or even 60%, you are still making 40-50million, is that not enough to have a comfortable life?

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    Re: CEOs lay off thousands, rake in millions

    Companies are laying off because of a severe loss in the quantity of purchase orders. They just don't have enough work to do to carry as many employees as they have in the past.

    Think of a corporation as a human body. The brain (CEOs and upper management) will shut off all of the other parts of the body one at a time in order keep itself alive.

    Does anyone remember the second half of the nineties, when global competition had every company in America focused on cost reduction? Five or six years of cost reduction will turn your pride and joy widgets into pieces of cheaply made unwanted junk. It does however keep the brain alive, for a while. When a company experiences an employee reduction that is very noticeable, the top guys get closer and closer to getting their hands dirty. They usually jump ship before it sinks taking as much money as they can with them. I would do the same thing if I was in their shoes.

    We need to return to quality manufacturing. Pay a little more for the one that will last longer.

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    Re: CEOs lay off thousands, rake in millions

    Perhaps you didn't know it Johnny, but Bush scored higher than John Kerry on Yale IQ tests and had a higher grade point average!

    I never understand why those that "hate" someone have to call them "Moron." That is in my opinion an smoke screen for unbridaled hate. Bush has had a lot of that from the Left - It's one of their favorite pasttimes.

    I certainly did not agree with a lot of what Bush did - particularly in his second term. But he was far, far more thoughtful and involved that Obama.
    Bush's total failure was his terrible speaking ability, which pundits and critics used to whip him.

    You should look at the past Mayor of Chicago who ran Chicago for 26 years. He couldn't talk at all and used DuH and other non words and sounded like he was retarded. But he was called the Master Politician. His son, the current Mayor is a near clone and has taken many speech lessons with slight improvement.

    Obama is extremely articulate but a hollow shell when it comes to finesse and ability to manage. Remember! He never managed even a Lemonade stand. He is a Alinsky Robot and applies his Rules for revolution as a street organizer. He isn't brilliant and he's not the Messiah. He's only a 100% radical Socialst whose gift with stringing words together has enabled him to go far beyond his capabilty.
    THE STRENGTH OF SOCIETY IS THE CONTINUOUS RECOGNITION, RESPECT & ACKNOWLEDGMENT OF THE INTRINSIC VALUE & NECESSITY OF HIGH SOCIAL AND MORAL STANDARDS AS WELL AS THE ABSOLUTE IMPLEMENTATION OF THOSE PRINCIPLES & THE RULE OF LAW, SET FORTH IN OUR US CONSTITUTION.

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    Re: CEOs lay off thousands, rake in millions

    Much like 90% of CEO's!

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    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by tlmorg02 View Post
    Not evil, just greedy and short-sighted. What is the big effect of making 100million per year and being taxed 50% or even 60%, you are still making 40-50million, is that not enough to have a comfortable life?

    Who's job is it to determine what people should make? Is this a free country or not? Who are you to assign greed to a company, or individual making as much as they possibly can? Isn't that what America is all about?


    j-mac
    Last edited by j-mac; 09-02-10 at 11:42 AM.
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    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by Vader View Post
    That's pure rhetoric.

    Without their corruptive influence there would be a good, strong, economy.
    With no business? Yeah, good luck with that.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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