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Firms still slashing jobs
MSNBC.com ^
| 9/5/03
| ASSOCIATED PRESS
Posted on 09/05/2003 11:15:13 AM PDT by Afronaut
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To: skeeter
Please. Reality "turned on its head" is the use of weasel-words like "any action taken" combined with an argument that amounts to nothing more than "it's for the children."
41
posted on
09/05/2003 1:03:20 PM PDT
by
1rudeboy
To: scottlang
Thanks for the prayers. Fortunately, due to the obvious incompetence of the pointy-haired individuals running this show, I am well prepared. If I don't land a position by my effective termination, I'm debt-free and ready with plenty of savings. Still, it's nice to here genuine concern.
To: Orbiting_Rosie's_Head
Or when the value of the dollar declines and you are taking the wheelbarrow full of your stock dividends to buy bread and milk.
These guys are straight out of the Grapes of Wrath. They'll condemn us all to Hooverville with this idiocy.
43
posted on
09/05/2003 1:03:45 PM PDT
by
riri
To: Orbiting_Rosie's_Head
I never said it should be. I'm just amazed that people like you show no concern or even asky why the jobs are being lost. The Free Traders don't care. They views economics like a religion. You don't question the dogma, just worship at the altar.
To: kidao35
I agree totally.
To: Orbiting_Rosie's_Head
You are more then welcome. Friend.
To: Afronaut
You forgot jetting around the US attending meetings...That could be done with a speaker phone. I have seen this all up close and it is not prettyOh, yeah, it's the Clinton approach to running a business, writ large. This past spring the execs had a "brainstorming" session in Napa Valley. The only things that came out if it were hangovers and a failed reorganization strategy. Right after that, the company pres accepted a $3M retention bonus in the same quarter the company lost $50M. But according to some of the apologists in this thread, it's business that's infallible, y'know. Just shut up and move along. Your job was going the way of the dodo anyway and the gross mismanagement had nothing at all to do with it.
To: 1rudeboy
Please. Reality "turned on its head" is the use of weasel-words like "any action taken" combined with an argument that amounts to nothing more than "it's for the children."How about a translation?
48
posted on
09/05/2003 1:09:49 PM PDT
by
skeeter
(Fac ut vivas)
To: Afronaut
give thanks to this miserable failure regime
To: riri
the political system will snap before that happens. Dean will get elected, and these same people will be posting wondering why, even though we are telling them why it could happen over a year in advance.
To: riri
These guys are straight out of the Grapes of Wrath. They'll condemn us all to Hooverville with this idiocy.Well said. Nothing brings Democrats to power faster than letting morons run corporate America.
To: oceanview; Orbiting_Rosie's_Head
seasonal hiring? where, at walmart and target? I know, what a hoot. I've been out for four months -- 22 years of experience, over 11 in senior management, and graduate degrees -- and people get on-line and tell you should flip burgers or be a Wal-mart greeter! I can tell they've never been in the situation. Just try getting one of those jobs with a big-time professional background! I have tried. They just laugh. They're looking for 20-somethings with no education or skills. They don't want to hire people with better backgrounds and skills than their top management has!
Hey, but today is a good day. I got an interview for a good top position, however, as these things go these days, it is with a city government (well, they need the help).
To: Scott from the Left Coast
Good luck on your interview!
To: Orbiting_Rosie's_Head
... This past spring the execs had a "brainstorming" session in Napa Valley. The only things that came out if it were hangovers and a failed reorganization strategy. Right after that, the company pres accepted a $3M retention bonus in the same quarter the company lost $50M. ... Why do the stockholders put up with this? I'm not being rhetorical, I'd really like to know how this passes as good management.
To: Scott from the Left Coast
Go in and get that Job. Do nothing else.
No Good LUCk's Just get it.!!
55
posted on
09/05/2003 1:17:23 PM PDT
by
Afronaut
To: Scott from the Left Coast
you are doing the right thing, I will do the same someday. let all the free traders here be taxed to death to pay my salary as a government employee.
To: Orbiting_Rosie's_Head
Thanks...it is my old home town, and I've got some connections there, so the odds are better than the normal. But things are tough -- lots of interviews don't yield much in the way of offers, especially after you have been out of work. I am in much the same situation as you: I'm well established for the long haul with no debts, paid off house, paid off cars, no overhead, and even no kids to provide for. And I've got some savings there too...for when or if unemployment runs out (hopefully it won't happen).
If you need any support or succor or just someone to bitch at if stuff gets hard as you go through the process, just Freepmail me. I've been there. Hell, I'm still there, actually.
To: kidao35
If we are truly converting engineers to cashiers, as you claim (and others have been claiming for years), then that substitution would show-up in real wage figures. That debate is far from settled, although protectionists accept "downward mobility" as an article of faith.
Furthermore, the solution for excessive governmental regulation is not more governmental regulation, just as it is counter-productive to argue "there's no such thing as free trade, so we must make it as unfree as possible."
Belief in efficient markets is not "selling-out," even though it comes with the understanding that the market will choose winners and losers. Finally, belief that the government can do better at choosing winners than the market can is downright dangerous, and the fundamental basis of many failed economic experiments.
58
posted on
09/05/2003 1:18:39 PM PDT
by
1rudeboy
To: Dan Cooper
Why do the stockholders put up with this? I'm not being rhetorical, I'd really like to know how this passes as good management.The stockholders have no idea what is going on. That's the way it is with every corporation in this country. Most shares are owned by big institutions who are too busy playing pump-and-dump to notice, by daytraders who don't own the stock long enough to receive a proxy statement, or by grandma's who through the proxy statement in the trash because they can't read the legalese.
To: Afronaut
Thanks. You just have to get rid of all the bad thoughts that come in in the between times and do as you say. Just go at it.
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