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Thread: CEOs lay off thousands, rake in millions

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    Re: CEOs lay off thousands, rake in millions

    So you'd rather them keep around inefficient workers? That's not how you run a major corporation. Businesses hire and fire in cycles. This is nothing new.

    What's new is the impact of the cycles, much of which you can base on insecurity of this administration.

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    Re: CEOs lay off thousands, rake in millions

    Corporations are in business to make money and maximize profits. In fact, they are in violation of their charters if they do otherwise. If they are laying off people, that is their right. It doesn't necessarily make them evil people. After all, we don't want to force a company into bankruptcy by forcing bloat on them. If they go bankrupt, let it be because they themselves are responsible, not because the government forced it on them. Let me add, by the same token, if they go under, then don't bail them out. Let the market determine whether or not they stay in business. The government should act like a government, and not a charity for big business.
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    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by Gipper View Post
    So you'd rather them keep around inefficient workers? That's not how you run a major corporation. Businesses hire and fire in cycles. This is nothing new.

    What's new is the impact of the cycles, much of which you can base on insecurity of this administration.
    of course not.....but ceos didn't used to make 50 times what the average employee makes, and salaries and bonuses have become completely out of control. the ceo of a company that loses money should be penalized, imo.

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    Re: CEOs lay off thousands, rake in millions

    So you want to force them to employ people?

    How very Vladimir Lenin of you.

    Businesses don't like the threat of increased taxes - both personal and business alike - and the massive potential cost increases associated with an evolving universal healthcare tax strain.

    Businesses have Obama-proofed themselves. When he's gone and sane, conservative business principles are restored, the hiring will return. But not a minute before a sense of predictablility from the federal government returns.

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    Re: CEOs lay off thousands, rake in millions

    Yep...thats what happens in this environment. A business is beholden to its stockholders. they are in business to make profit. And with the current tax climate and uncertainty, it was mentioned on CNN this moring...profits are WAY up and employment is still down. Businesses arent hiring because they have no way of knowing what it will cost them in taxes, health care costs,etc...

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    Re: CEOs lay off thousands, rake in millions

    It's easy for Liberals to attack corporations and corporate profits - particularly if the have a smattering of Conservatism. Corporate Boards provide the compensation package and they are often gilded. You can find similar comparison in the Sports World with Coaches. A Coach is looked at as the key to whether the Team will be first or last. The best player makes ten times or more of what the lowest paid does.

    You "Never" hear Liberals attacking Compensation for distinctly Liberal entities like Google, Wikipeda, NPR, PBS and others. Google CEO's only paid themselves $1 in compensation. "Poor Babies!"
    But they don't say out loud they are both Billionaires in all Capital Letters as a result of their ownership interest.

    Isn't that a little like saying I own 5 Billion dollars of stock in my company but I am no longer going to take the pay I get from my Lemonade Stand by the front door! (Now everybody 3 cheers for me.)

    Some of you may remember Lee Iaacoca who took control (CEO ) of GM and brought it out of the garbage can in profits.

    All this attacking is part of the driven Liberal Politics package of attack and smear - attack and smear.
    How loudly have those same Liberals attacked Democrat / Progressives for the $26 million dollar bonus package of Valerie Jarett when she was with one of the sub prime twins Fannie Mae / Freddie Mac.
    How loudly did they scream about Johnson who took $20 million (Obama's short lived financial adviser in his campaign ) or Obamas personal friend at Fannie Mae Claude Raines $ 90 million.
    How louldly are they screaming about both of them being conveniently exempted in Obama's ballyhooed financial Reform package? Even Rahm Emanuel was there for a short time and was given a sweetheart deal that netted him $6 million.
    Does anybody "Ever" remembering hearing any of those Leftist Bullhorn Cries of "FOUL"

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    Re: CEOs lay off thousands, rake in millions

    I figured there would be companies who would use the economic downturn as an excuse to "save money" by cutting costs they didnt need to cut and the first to go is usually workers.

    The corporate system is unaccountable, corrupting, and beneficial only to those who have invested in it. We seriously need to develop a new model for running business and break the grip of private interests over our daily and political lives.
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    Re: CEOs lay off thousands, rake in millions

    Eh, it may be showing a lack of loyalty to your employees, but a company is not really obligated to take care of the employees. If a company can increase its profits by cutting employees, those employees probably weren't truly necessary in the first place. I certainly abhor this type of behavior, as I see loyalty in both directions as being very important, but business is business. This sort of activity makes them jerks, but not evil.
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    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by liblady View Post
    not the point of my post. they should not recieve those millions when they are firing people.
    Why not? They are getting paid their agreed upon salary. Would you want a company to tell you, "We had to let Joe go, So in light of that fact we are going to pay you 25% less for the work you did last month." Of course not. I don't understand why people think it's okay to screw people out of money they have earned simply because they earn a lot of it. It's part of a CEO's job to fire people when neccesary.
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    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by liblady
    of course not.....but ceos didn't used to make 50 times what the average employee makes, and salaries and bonuses have become completely out of control. the ceo of a company that loses money should be penalized, imo.
    I agree with CEOs not receiving bonuses when they bleed red ink...disagree on everything else.

    CEOs have every right to make ridiculously more than the average employee, because the position is infinitely more difficult. Most "average employees" don't have the education, management skills, coping ability, or thought processes involved with the upper tier of control. In addition, their salaries -through options - are based upon market value of the company.

    Why cut off the nose to spite the face?

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