Quote:
Originally Posted by wader-dad
I agree with you guys on lots of items but as you can see, I am not a fan of fortune 500 companies. I think that they sit on hordes of billions in cash, realize that hiring humans will not help them meet their earnings targets, but laying off 1,000's of workers, merging, outsourcing to Pah-Ke-Stan and installing robots will help meet earnings targets, The CEO's get stock options and tax breaks you and I don't see. If the stock price falls below the option exercise price, they reissue the options at a lower price. The stock price is their God and they treat hard working people like crap.
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That's why the elite get to play by a different set of rules.
Not all corporations are evil and some corporate officers I believe are good stewards of their employees, but ultimately, shareholder value is the reason they exist.
You make some good points above. I'd simplify it by saying that the true value of a dollar is a lot less for the elite than the average working joe.
-spence