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Originally Posted by pan6467
No they shouldn't, in the short term it crushes the employees work morale and in the long term it destroys the company. It's a golden parachute and it's wrong.
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If looked at from a strictly cost issue, labor costs are the biggest expense to a company so naturally 'most' executives look to reduce this. Do I think its right? no. I think that cutting labor should always be your last resort but i'm not an executive. I also happen to think that nowadays it requires a frontal lobotomy to be an executive, but thats just me.
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Originally Posted by pan6467
I love how neo-cons don't believe they nor the industries have any civic duty to the community, yet they expect the police to protect, the fire department to be ready, the roads to be good, the schools to be decent and teaching kids for the future, and so on.
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this kind of business philosophy isn't just a 'neocon' philosophy. how many decades have we dealt with major layoffs in companies now? The 'golden parachute' has been around since the mid 70's now. In the beginning there was a decent reason for it, but now its gotten out of hand.
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Originally Posted by pan6467
Sorry but it's wrong. If I own a company it is for me morally wrong to ask my employees to take cuts and give myself bonuses. What needs to be done is for Delphi to say, We're going to cut wages 25% including managements and together we are going to work to save the company. We'll streamline production, we'll find better ways to market and we'll do it together.
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when you become a CEO, let me know. I'll come work for you.
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Originally Posted by pan6467
Where exactly did I say the wealthy should take care of us? You are putting words in my mouth, now?
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maybe a little. my apologies.
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Originally Posted by pan6467
No, that is not my belief. My belief is that we are a nation and we need to work together, and find ways to save our country from economic failure. If you want to believe that means I expect the wealthy to pay for everything..... then you have no understanding of me whatsoever. You CHOOSE to believe what you want. The truth is, I believe both sides need to give and compromise.... but I see the rich not doing either. They are taking all they can. It's wrong and it shows that they have no faith in the country or in Bush's so called economy.
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Originally Posted by pan6467
I shop at all the locally owned places I can. They maybe more expensive (not by much) but it helps my local economy.
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same here.
reaganomics, or supply side economics, has its advantages. The problem is its not a long term policy. the rest about tax base and all of that....if people in local and state governments would use the same philosophy fiscally as they do for their household, then debt would be easy to deal with.