Re: Anyone as Stessed Out as I am??
The CEO's total compensation at the company I work at was $3.5 million. 90% of this was due to incentives based on how the company performed. Do you think that is too high? I actually think it was a bargain. As an employee and a stockholder of companies where the CEOs make large sums, if they are worth their pay then I am fine with it.
By the way, AT&T wouldn't have an advertising budget if they didn't make money because of it. They don't spend money on advertising to lower their profits. That's just silly.
I kinda see why you aren't happy and stressed. You worry way too much about things that shouldn't matter.
So can you really say you are coming from a unbiased opinion? Employee and stockholder? Yea I bet lots of Stockholders are happy.
I can believe there are a lot of Corporate defenders on here. Corporations own most every thing so there has been quite a bit of brainwashing through propaganda going on. Here is a bit of a history lesson. Some of you who read the business sections of Newspapers and/or business Newspapers like the Wallstreet Journal are already familiar with this history.
Back in the late 80s and 90s during boom times many Corporations decided that people were expendable commodities. Human beings that had families could be thrown away for the sake of Share holder profits. CEO's and managers who were good at getting rid of this dead weight were were paid handsomely. They called it getting rid of duplication in the workforce. What they were really doing is making joe six pack do the work of 2 people. They could work Joe harder and longer hours like a rented Mule. They got rid of people who have built up vacation time and were near retirement benefits. Top paid workers were out. Temp workers with no bennies were in. Forget that experienced workers led to better quality. So they hired Auditor firms who specialized in culling the herd. I have met some of these Auditors and they made big money traveling the Country recommending who to fire. So every week, you would read about a company letting go 100s and 1000s of workers Nationwide. A good many Economist and business people said they didn't think cutting workers for profits was a good idea in the long run. Anybody could seen a train wreck coming with so many people out of work. 100s of 1000s of people let go as it caught on with other companies.
Another part of the plan was to flee the country. As of 10 years ago there are 18,000+ US companies just over the Mexican border. They pay so bad that Mexicans still flee Mexico at record levels. There are US industrial parks in India and China. Then there is the subbing out jobs to these countries...
Don't be fooled. The main reason these Companies left is for cheap labor. Same with subbing out jobs to other countries. Poor slobs in other countries are lucky if they make $1 per hour. The good news is we save $10 to $20 per I-phone(some of you may have seen this in the news recently.
Temporary work force is still the way to go for many Companies in the US. We have many temp companies here. Lower wages and little or no bennies work great for Corporations so Temp agencies have thrived and Corporate profits remain at record levels.
This is just one piece of the puzzle that led to the Worldwide economic downturn. You have Wallstreet and Banks gambling going on. Bored with lots of Cash. Others peoples Cash that is. Banks making very risky investments and loans. 50 banks went under in Georgia in one year as one example. One bank in GA invested $Millions in a land buy out in the desert area of the west US, for example. That land never developed into anything. I bet many of you got notices in the mail that your Mortgage note had been sold and then sold again and again....Well these notes were being sold with no Insurance to back them--unknown to many investors. So when the economy and housing market started tanking the notes tanked. These were called "Credit Default Swaps" $16 Trillion dollars worth of bad notes worldwide. 60 minutes did a story on this a few years back. Hey people were being laid off and fired left and right by Corporations so who if left to pay the Mortgage and buy the houses???? IE see Audit train wreck coming in what I wrote earlier.
This all still goes on today. Not many have been punished. Corporations own everything so who is to stop them? There is some really good, caring , responsible Companies out there. Just a lot of hyper greedy ones.
Many Foreign companies have moved to the US to take up some of the slack(a good many hire temps) If it is so bad here then why are Foreign companies moving here? German company BMW invested $Billions in the US and have some of the highest paying jobs in the South although they have gone the temp route lately.
Ya just be happy to have a job. Maybe you and your wife put together can pay the rent and utilities. Most temp jobs only pay $9 to $10 per hour. Or you can go to College and pay $50,000 to $100,000 for a better paying job--how many people have been defaulting on these College loans lately? There is a list of Doctors who haven't even bothered to pay them off. Yea you or your parents have paid for a job. You are competing against the 17 million other people who are currently out of work and many of them have college degrees. The good news if that many of these companies will get rid of the higher paid near retirement workers and hire you.
This is the scary part. Many Hospitals are now taking the business approach of letting go highly qualified experienced workers for the lower paid, not near retirement, entry level worker. The Internet has made it possible for a lower paid Doctor in India to diagnose your X-rays
