 | | the state of health care. The state of health care in this country is reaching critical mass. | |
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 |  TelcoguruPremium
join:2005-08-22
Fresh Meadows, NY | Re: the state of health care. I can't believe all of the people on this site who are so willing to pay for their medical insurance. All of the people running these companies do not pay a nickel for their insurance and they are the ones responsible for the companies current woes but yet they still get raises. Go figure. I would think everyone would demand the CEOs all take pay cuts so that the workers could have a decent living wage and fully paid medical insurance. I feel like most of you have just come to accept it and it doesn't even bother you in the least. | |
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| |  NOCManMacChatterPremium
join:2004-09-30
Colorado Springs, CO | Re: the state of health care. You expect the people of this country to stand up for themselves?
Never going to happen. Too many pacifiers to shut them up. | |
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| | | | I am so sick of people complaining about what one CEO or a board of 12 people make or their benefits. Grow up. It pales in comparison to what it costs a company to fully fund healthcare for 60,000+ workers. | |
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| | Strike No one can realistically expect, given Qwests economic woes and stock decline that the union workers are going to keep being able to receive medical benefits without sharing the costs... the majority of the working world has to do this. If we truly want to see jobs return to the US... if we truly want to be a union who supports all in the company... then we have to expect a realistic contract... Economic times nation wide are showing we cannot do without wages... we cannot do without a job. I don't want to see Qwest have the opportunity to "let" Union workers go in favor of new hires or out sourcing. I cannot afford a strike and I don't want to lose my job. | |
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| | | Re: Strike said by anneal :
No one can realistically expect, given Qwests economic woes and stock decline that the union workers are going to keep being able to receive medical benefits without sharing the costs... the majority of the working world has to do this. If we truly want to see jobs return to the US... if we truly want to be a union who supports all in the company... then we have to expect a realistic contract... Economic times nation wide are showing we cannot do without wages... we cannot do without a job. I don't want to see Qwest have the opportunity to "let" Union workers go in favor of new hires or out sourcing. I cannot afford a strike and I don't want to lose my job.
So massive givebacks maybe a one or two percent raise. Maybe some other contract wording designed for Qwest. You might have a job but not much of one. The problems at Qwest were not caused by the workers. The new CEO is getting $17 million his first partial year. In that time the stock has slipped from $9 to less than $4. The problems at Qwest are not being felt by higher ups or caused by the lower workers including the lower level management..
Honestly you do not sound like a long term Qwest worker. | |
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| | | | Re: Strike I am and I want to remain so. Unions once had their place... now they simply allow companies to outsource jobs to avoid utilizing them or paying them. I don't want to see any of us lose our jobs... the economy and job market is in a downward spiral as it is. I do not have entitlement issues... I am willing to work and be judged on the merits of my work and someday.. maybe even I could be a lower level management...
I am a realist and someone who understands that no matter how ill used employees feel... NO CEO etc is ever going to be forced to take a cut in salarty... they will just downsize and outsource. Our country does not penalize business for sending our jobs oversees... they have everything to gain by doing so and nothing to lose by forcing Union employees out. | |
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| | | i'm a qwest tech in IA and ther is no way we will pay 400$ a month. We are the least paid RBOC techs as it is!!!!! | |
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| | Reviews:
 ·Comcast
| Re: Strike said by qwestIA :
i'm a qwest tech in IA and ther is no way we will pay 400$ a month. We are the least paid RBOC techs as it is!!!!!
Cry for me wahhhh !
try paying $850 for just you and your significant other. And make that mandatory like in Mass. Get a new job or look for improvements and roll with the new global market.
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"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!" | |
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| | | | | Re: Strike Maybe you should move to another state...and join a Union | |
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| | | | | said by BosstonesOwn:said by qwestIA :
i'm a qwest tech in IA and ther is no way we will pay 400$ a month. We are the least paid RBOC techs as it is!!!!!
Cry for me wahhhh ! try paying $850 for just you and your significant other. And make that mandatory like in Mass. Get a new job or look for improvements and roll with the new global market. I agree. I pay around $550 a month for me and am looking at $625 a month next fiscal year. I am healthy so that is cheap. Add one issue and that jumps to $900 a month. You get "discounts" for not going to the doctor.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl | |
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| | | | | | Re: Strike True! And unions don't make the cost go down!
Maybe unions shouldn't be so damn greedy! | |
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| | | | | | | Re: Strike Why dont you shut up already, it really gets old... stop being jealous that you have crap benefits at your crap job. | |
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| | | | | | | | Re: Strike said by ITALIAN926:Why dont you shut up already, it really gets old... stop being jealous that you have crap benefits at your crap job. My benefits are better than yours and my retirement plan is fully funded. I doubt yours is. Is it? I work for myself not for a company.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl | |
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| | | | | | | Reviews:
 ·Verizon FiOS
1 edit | Re: Strike Yea, I have a 401k, PENSION that I can cash out right now for $500,000 if I decided to leave... fully paid medical, dental and vision, 5 weeks vacation, 4 personal days.. and Im more than doubling my salary in OT ! You do better than this?? Wow, lucky you.
All of this wouldnt be possible if we werent unionized . Why?? because greedy people like you run my company and would love to pay contractors $10 an hour with no benefits for the same work. This country would go right down the shitter. | |
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| | | | | | | | | | Re: Strike said by ITALIAN926:Yea, I have a 401k, PENSION that I can cash out right now for $500,000 if I decided to leave... fully paid medical, dental and vision, 5 weeks vacation, 4 personal days.. and Im more than doubling my salary in OT ! You do better than this?? Wow, lucky you. All of this wouldnt be possible if we werent unionized . Why?? because greedy people like you run my company and would love to pay contractors $10 an hour with no benefits for the same work. This country would go right down the shitter. what you fail to realize is that the union party line of no givebacks and more more more are bankrupting companies. most of you would rather see the company go under than give a little back and stay in business. | |
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·Verizon FiOS
1 edit | Re: Strike Giving a little back turns into a LOT down the line. Let the big corporations charge more for their services to properly treat their workers. Im not rich, and none of my co-workers are either. NEVER GIVE IN TO GIVEBACKS.
[sarcasm]Since youre so concerned about the status of Quest's profits, get your checkbook and make a donation. Set an example as to how the workers should GIVE BACK. Make a give back yourself.[/sarcasm] | |
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| | | | | | | | |  CoronaIt's cool, I'm takin it backPremium
join:2000-03-14
Dallas, TX
·AT&T U-Verse
1 edit | Re: Strike does that mean the greed of the many outweighs the greed of the few or the one?
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"To be sincere, you don't have to know anything, you just say whatever makes you feel good and spin and smug circles in your tiny fucked up little head, happy as long as you're true to yourself. In other words, Sincerity is bullshit!" -Penn Jillette | |
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| | | | | | | | | | | I'm a union member for Qwest, and as I remember what put this company in the toilet was Joe Nacho pulling an Enron scandal. He and his upper management cohorts single handily ruined this company and now the occupational employees have to pay the cost with a reduction in workforce and bending over backwards in cuts and balances during negotiations. Remember right after Nacho pulled his crap how the CWA members agreed to take no pay raises for 2 years and extend their current contract to help keep the company solvent? That was on the heel of a scandal that cost many workers over half of their retirement funds. We have guys to this day that can't afford to retire because of that. We kept this company from having to file bankruptcy with our extension and the thanks we get is the threat of having our healthcare premiums increased over 400%. We do pay some contribution to healthcare as it is. The rest of our unionized industry does not. So, the way I see it, we have bent over backwards to help this company survive and now that they have a little solvency and are gaining positive cashflow they have forgotten all we have done for them. I say strike, if we have to, to protect what we have all worked so hard for. | |
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| | | | | | | | | | | Re: Strike well said, I'm a co tech I'm MN and my feelings are with yours | |
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| | | | | | | | | | | don't be to sure about Qwest employees are the only ones in the Telco world that pays for insurance. it looks like ATT may be with you next. | |
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| | | | | | | | | | said by ITALIAN926:Yea, I have a 401k, PENSION that I can cash out right now for $500,000 if I decided to leave... fully paid medical, dental and vision, 5 weeks vacation, 4 personal days.. and Im more than doubling my salary in OT ! You do better than this?? Wow, lucky you. All of this wouldnt be possible if we werent unionized . Why?? because greedy people like you run my company and would love to pay contractors $10 an hour with no benefits for the same work. This country would go right down the shitter. My retirement plan is in the millions. I work for myself. I write off my medical care--all of it. Unions have NOTHING to do with my pay that is in the top 1%. Lucky? I think 8 years of college is my "luck". I could retire this year and live extremely well at my next home in the Hamptons.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl | |
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| | | | | | | | | | | Re: Strike I would imagine Joe Nacchio thought the exact same thing of himself as he was ripping off America. | |
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| | | | | | | | | | | who cares!!!!!!!!!!!!!!!!!!!!!!!! | |
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| | | | | | | | | | | DEAR MRS SUPERGIRL,
WE ARE ALL FASCINATED BY YOUR INFINITE WISDOM,WEALTH, AND RICHES. PLEASE GO ON AND TELL US MORE OF HOW YOU ACCOMPLISHED YOUR GREATNESS. THAT IS, IF YOU DETERMINE US TO BE WORTHY? YOU SEEM TO HAVE A LOT OF TIME ON YOUR HANDS FOR SUCH AN OVER ACHIEVER. | |
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| | | | | | | | | I thought we got over this my thing is bigger than your thing along time ago... I guess not *shrug* | |
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| | | | | | | said by hottboiinnc:True! And unions don't make the cost go down! Maybe unions shouldn't be so damn greedy! Eventually, from a psychological standpoint to enforce that health care IS a cost of employing people, companies are going to start saying, "Add your health care premiums and you are really getting paid $60,000 not $54,000". Employees know it but don't know the real cost.
Unions ask for the same health care for ALL unionized employees. I think someone with lots of training doing this and a clerk doing a lot less maybe shouldn't get the same health care? That's just a brutal truth since our government doesn't care to tackle the problem.
But, like VZ's unions did, they screwed future employees for current and retirees. That doesn't make for a happy union eventually.
Small companies lay it on the line with employees--the business can't afford it. This is the cost. How do we do it? We can't unless you pay $300.00 a month in premiums and you make $25,000 in a job that requires really nothing but a high school education.
I know small businesses that are highly specialized and are now just hiring temps for secretarial work. I record my notes and have them transcribed. I dropped temps myself 3 years ago. And, I get 100% quality on the work now that I didn't before. And, it is less money. That is becoming economic reality for most small businesses.
The better computer software gets the less employees will be needed. 10 years ago I wouldn't have dreamed of just talking into a mic and see my notes transcribed right into Word. Soon, I'll be dropping the transcription service.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl | |
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| | | | | | NOCManMacChatterPremium
join:2004-09-30
Colorado Springs, CO | Re: Strike Better get them Republicons to get you some more tax breaks. Gotta get you hiring folks with all that saved money. | |
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| | | | | | SWEET ZOMBIE JESUS!!! Sounds to me like you folks in Mass. need to fire your government and legislature. I'd suggest doing it out of a cannon, but you guys can't have those no more.
$650/month works out to $7500/year. The question that maybe you should be asking is do you USE that amount in medical services a year? If not, why are you paying it? It may be a wiser choice to pick up coverage with a high deductable and lower premiums that will cover the big stuff, and absorb the cost of routine check ups, meds and the like out of pocket. | |
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| | | | | | | Re: Strike said by NordicOnTheEdge :
$650/month works out to $7500/year. The question that maybe you should be asking is do you USE that amount in medical services a year? If not, why are you paying it? It may be a wiser choice to pick up coverage with a high deductable and lower premiums that will cover the big stuff, and absorb the cost of routine check ups, meds and the like out of pocket.
Actually, once you have a preexisting condition and no insurance and try to get insurance, you may be looking at poor coverage for $900 a month.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl | |
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| | | | | NOCManMacChatterPremium
join:2004-09-30
Colorado Springs, CO | When antibiotics cost 30 dollars a pill. A PILL! something has to be broken. | |
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| | | CoronaIt's cool, I'm takin it backPremium
join:2000-03-14
Dallas, TX Reviews:
·AT&T U-Verse
| said by BosstonesOwn:said by qwestIA :
i'm a qwest tech in IA and ther is no way we will pay 400$ a month. We are the least paid RBOC techs as it is!!!!!
Cry for me wahhhh ! try paying $850 for just you and your significant other. And make that mandatory like in Mass. Get a new job or look for improvements and roll with the new global market. so forced government health care is a great thing RIGHT? | |
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| | | said by anneal :
No one can realistically expect, given Qwests economic woes and stock decline that the union workers are going to keep being able to receive medical benefits without sharing the costs... the majority of the working world has to do this. If we truly want to see jobs return to the US... if we truly want to be a union who supports all in the company... then we have to expect a realistic contract... Economic times nation wide are showing we cannot do without wages... we cannot do without a job. I don't want to see Qwest have the opportunity to "let" Union workers go in favor of new hires or out sourcing. I cannot afford a strike and I don't want to lose my job.
I don't understand, and so have several problems with this thinking.
1. "No one can realistically expect, given Qwests economic woes and stock decline that the union workers are going to keep being able to receive medical benefits without sharing the costs"
We already do this in the form of deductibles, co-pays, enrollment fee, etc. Upper management doesn't pay, why should we? What economic woes? Qwest makes hundres of millions of dollars profit every year. And remember, the stock price doesn't affect the company directly, unless they need to sell more to finance operations or capital investment. Qwest is re-purchasing stock, so this is moot.
2. "If we truly want to see jobs return to the US..."
Most occupational work is on physical plant, so this can't be shipped overseas, so this statement is moot.
3. "if we truly want to be a union who supports all in the company"
Since when is it the job of the Union to support management? If they want representation, upper management just hires a law firm. If you are management, but not a manager, then organize (as Qwest Minnesota Engineers are attempting, here's rooting for you!!!!). The Union's job is to represent it's members.
4. "then we have to expect a realistic contract"
So you think it's realistic to expect a pay cut? That's what would happen under this proposal. No pay raise that the company would agree to would make up for $400 monthly premiums. Qwest has returned to making hundreds of millions a year profit, after dividends (Qwest is paying close to a %10 annual dividend, which is pretty high). They can afford to at least maintain the status quo with medical.
5. "Economic times nation wide are showing we cannot do without wages... we cannot do without a job."
HUH? When can we EVER do without wages or jobs? This makes no sense.
6. "I don't want to see Qwest have the opportunity to "let" Union workers go in favor of new hires or out sourcing."
This statement I agree with. It makes sense. However, if you think that Qwest can replace over 18,000 trained, skilled workers and maintain any degree of service, then you don't understand the industry. Telcos have always suffered thru strikes, but end up settling in the end, because management learns (the hard way, sometimes) that they CAN'T just wholesale replace people. And the company saying that management can run things is just ludicrous. Management has been cut to the bone, and many of them have no experience with the plant. Most managers are personnel managers, the techs actually run almost everything.
7. "I cannot afford a strike and I don't want to lose my job."
This statement has been the justification for scabs in every industry. What makes you think that I can afford a strike? What makes you think I want to loose my job? This is the primary reason for a Union. There is strength in numbers and solidarity. If we stand together, we will be treated fairly.
Here's my question for you anti-union types. Why is it ok for upper management to have a representative bargain a sweet deal, and not ok for me to have representation? Look a Qwest's earnings statement and listen to what they tell the investment community. While mass market land lines are shrinking (and they surplus employees as a result, lowering head count), they believe they can make that up on the business side. Some of the highest growth areas are in the west. And Qwest really does have a pretty good national network, and is selling bandwidth left and right. So, sorry to shatter some bubbles, but this company will be around for a loooooong time (unless there's a purchase, and in case noone noticed, V and T are Union shops). | |
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| | | | Re: Strike With our Union numbers dwindling every year... companies do not want Union workers and eventually they won't have to hire any of us so there goes our representation. No one can expect to keep getting something for nothing. And no CEO is going to have his/her wages cut to support the needs of an employee. That is un realistic.
Where the minimum salary has increased, the over all salary for trained positions... is declining. A strike is something none of us can afford and none of us will be able to recoup the loss of wages and benefits that strike could ultimately create. Sorry... there will have to be some give and take. That is reality. | |
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| | Corporate jet The personal use of a corporate jet by new Qwest CEO Ed Mueller's wife and stepdaughter is rare even among chief executive perks and could cost the Denver telco up to $600,000 by one estimate.
The perk, disclosed in a regulatory filing Friday, has been sharply criticized by a number of customers, employees, retirees and corporate watchdogs.
full article
»www.rockymountainnews.com/drmn/t···,00.html | |
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bjbrock
join:2002-10-28
Mcalester, OK | Just fire the striking employees. Hire new ones for less money. Train them. And let's get on with business.
Maybe AT&T should go ahead and by Qwest. | |
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See 28 replies to this post |
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| | | Re: att said said by ihope :
This week att told their employees not to expect the same roll over and die action performed by Verizon. By everything cwa and management is being told the att strike in April 2009 will be a long one. Management is scheduled to get their strike assignments by October.
AT&T will welcome a strike. I expect a lockout. Glad I never bought their stock. VZ employees will find out their tenuous situation next contract.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl | |
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| | NJFIOS
join:2008-04-13
Point Pleasant Beach, NJ | Re: att said I agree the next contract in 2011 will be a huge fight to keep what we have now. | |
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| | | | | Re: att said the majority of the att strike will be april 2009 | |
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| | | | Good for T. They should step up and put the union in their place. Why should a company roll over like a dog.
T has finally learning from the Block Family in Toledo. About damn time. | |
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| | greed It all boils down to who is less greedy and who has the power. Mgt or the unions. The free lunch is just about over folks. Perhaps if we all could work for the fed govt there would be no complaint about pensions, working hrs etc. We could all work for the state and got back to 1950's USSR and China. Cool.
VZ can cover the strike by overcharging for Fios. Landlines are history. Esp. when you see what they will cost in 2 yrs from now.
Wait till Obama gets in and he sends you a bill for your free lunch (along with a supplemental bill for 8 yrs of Bushy trickle up!) woooohoooo!
Oh and this 3% inflation figure the govt uses. About as accurate as pre-war Iraq intel....
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Lakewood Accountability Action Group™ “LAAG” | »www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™
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 pogPremium
join:2004-06-03
Kihei, HI
 ·Hawaiian Telcom
| Money is money For affected Qwest employees, the truth to the matter is that $400... wherever it's pulled from, for whatever reason ...represents a pay cut. Compensation is not just salary.
However, I'd still be interested to know what that $400 is actually for. Collective bargaining here (Hawaii) seems to end up with employer/employee cost sharing anywhere from 65/35 to 80/20. Personally, I think 80/20 should be doable by any decent medium/large company.
I'm wondering, then, if that $400 represents the employee's share of a family plan... or if they actually expect the employee to pay $400 for their own single coverage with dependent coverage being even more on top of that?
The kicker is often in the little details, too... cost sharing formulas are usually based on the lowest cost plan offered by the company. HR departments spend a lot of time making sure they line up a bargain-basement base plan that just barely meets the legal requirements. Then, if a worker wants a better plan, they have to pay 100% of the difference.
Of course, executives automatically get the best family plans at no charge, plans the rank/file can't even upgrade to out-of-pocket. Yeah, it's all covered under the concepts of "total compensation" and "attracting high caliber execs" but it just doesn't sit well with me.
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My Site | |
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| | | Re: Money is money what possible difference does it make if 30-40 execs get premium healthcare when you are comparing it to tens or even hundreds of thousands of union workers? can you not see the disparity here? | |
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| | Rabble-rousing Again someone's putting out an outrageous rumor to make people angry enough to strike. NOONE ANYWHERE IN AMERICA pays $400 a month in health insurance premiums! If a unionized worker believes that posting he/she should go check out the health insurance websites out there. Maybe $40 a month. These kinds of negotiations usually hinge around what the company-paid insurance covers, what co-pays there are, etc. | |
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| NOCManMacChatterPremium
join:2004-09-30
Colorado Springs, CO | Re: Rabble-rousing No they do not pay 400 a month.
They're paying 400 dollars a week. We have contractors at work paying those premiums. It's sick. | |
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| | | | Re: Rabble-rousing So your saying they Pay 1200 a month?
Why would you do that. Sock the money away. 1200 a month put away and if yor get sick you have i to fall back on.
If you are union and you have to pay it. MOVE or quit the union.
I used to be in a Union.. IBEW it had it's place but whe i got paid the same as the guy next to me doig less work and getting advanced I said screw it. | |
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| | | | | Re: Rabble-rousing My friend at Q pays $400 a month (he's a manager), but he also did mention there was a cheaper plan that he could also choose from. | |
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| | | | | | Re: Rabble-rousing your manager friend at quest is paying $400 a month because managers must pay more to offset the free ride the union gets | |
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| | | NOONE ANYWHERE IN AMERICA pays $400 a month in health insurance premiums! I can only answer one way -- BULL SH*T.
You are so out of touch it's unbelieveable. I pay $160 per month for just MYSELF and it's not the premium healthcare plan. And I work for QWEST as a manager. If I add my husband onto my healthplan, it increases to $300 per month. My former boss just retired and to keep the Qwest Health Plan, he's paying $375 per month for his wife and himself. I know other people in this area who pay more than $350 per month for a family of 4. | |
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 tomkbPremium
join:2000-11-15
Tampa, FL
kudos:5 | hmm.. >>>Qwest says they have a contingency plan in place where managers will step in to do work should there be a strike
Maybe the problem is Qwest has enough managers to do the work the striking technicians would do. | |
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| dynodbPremium,VIP
join:2004-04-21
Minneapolis, MN | said by tomkb:>>>Qwest says they have a contingency plan in place where managers will step in to do work should there be a strike Maybe the problem is Qwest has enough managers to do the work the striking technicians would do. They don't. As it is the regular employees can barely keep up with the workload. | |
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| | | said by tomkb:>>>Qwest says they have a contingency plan in place where managers will step in to do work should there be a strike Maybe the problem is Qwest has enough managers to do the work the striking technicians would do. Someplaces maybe. The overtime during monsoon season and other times of the year is unlimited for field crews. The work force has shrunk during the past since Qwest took over. There is less work but a lot fewer people to do it. So there is still a balance.
Plus contractors are still allowed for certain work. So the company can do new construction or rehab like things without being forced to increase the union workforce. Which is ok because these type of things are not designed to be permanent jobs. | |
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| | Management vs. Occupational Qwest Management Employee here:
All of you do understand that are only two classes of employees at Qwest.
Occupational (Union) and everyone else (Management). Management doesn't mean we're freaking "managers"!!!!!!
It's an employee class and nothing else. I'm in sales with no direct reports and I'm "management".
Hmm, I wonder how Duluth, Mn. is in September?? That's where I've been assigned in the event of a strike. Dress warm:)) | |
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| | | Re: Management vs. Occupational Come on up... September is a great time to be here.. No mosquitos... | |
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| | | Come to Phoenix monsoon and unlimited overtime. | |
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| | | I would also like to point out that when I was hired on as a "manager" (I also have no direct reports, I'm just not occupational) it was my first time in the teleco industry and I didn't even know what the differences were between the 2 types of employees. Nor did anyone ever tell me that in the event of a union strike I would be pulled away from my current job and family and hauled off somewhere else to do someone else's job. Not only that, but that I'll have only a few hours advance warning - I have to stay up to find out at midnight if there is going to be a strike and THEN report to work at 8:00 tomorrow morning somewhere 3 hours from my house to work 12 hours a day / 7 days a week until the strike ends. I'm all for unions - but I do not agree with Qwest's policies to force all so-called management into leaving our kids and families for an unknown amount of time and that there is no notice given. I understand we need to maintain our customer service levels. But this should be something that every new hire management employee should have pounded into their heads when they start. I was totally surprised by this info not long ago - my hiring manager never mentioned a word to me about it. | |
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| | how about everyone take a cut? Maybe if Mueller et al think that employees should take a certain percentage cut in their compensation, upper level management should also take the same percentage cut. Top execs have compensation packages so big that cutting there could save tens of millions of dollars. If the top level had to take a pay cut also, it would be more believable to the guys who go out and brave the elements to keep phone and internet service up and running that the cuts were necessary. | |
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| | nobody is mentioning It may have missed comment here, but is there not blame for most of the US corporation problems on the people who run them?
If a union guy (or woman) makes a really bad decision that costs the company millions that employee is fired. If the exec does the same thing, he or she can sit back confident that regardless of what happens to the corporation, the check is in the mail. There is something wrong with that.
So all you people complaining about a 'free ride' need to look to management of corporations who run companies into the ground because it literally does not matter if they do.
Now I'm not talking about Enron. They broke laws and that isn't what I mean.
Very few executives think in terms of the US economy or national strength. That is why they lobbied to have these third world countries make their products. They have no loyalty to the US only the dollar bill.
As for the money they make. I see it in terms of resources. 1 million dollars can pay 20 people 50,000 dollars a year, or if you like 1 person for twenty years at 50,000 a year.
So the guy who made 17 million in one year used the resources of 340 people.
Don't get me wrong, I have no problem with bonuses and great pay for America's execs. I just think they should earn them, just like everybody else.
When the business is doing good, the execs get paid well. When the business is doing bad and this is usually due to bad investments the business made usually overseas, the execs still get paid.
Why, because they, just like the unions, have a negotiated contract. | |
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