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WOW! I got a phone call this morning from someone looking for the CEO of this company. He thought it might be my husband (the name in the story and my husband's name differs by one letter). I just laughed at the guy because I had not known about this story.

Did anyone else see ABC news tonight stating the there will be more layoffs coming ...and that the facts show that, 'once again, (their words) the rich are getting richer and the poor poorer?' They also said that if the minimum wage went up as much as CEO's salary has for the last two years, that minumum wage would be over $21.00.
They also had a story about how employees are suing their employers (Pepboys and Walmart were mentioned) because they are forcing hourly employees to work time off the books...and not paying them. Apparently the lower the managers keep payroll....the more they are rewarded with bonusus. I just want to mention that my sister is a salaried employee and is required to work 10 hours over her 40 hours a week every week for the next 3 months. It's mandatory. 10 hours.

You post inspired me conduct a quick web-chase of the bios of the CEO's of Consolidated Freightways. Just three years ago a septegenarian named Curry (no relation) had the job and was being toasted far and wide for his business savvy. A few months later he retired and was replaced by a 30-year "home grown" Consolidated Freightways employee named Blake. Blake lasted two years and was retired in favor of Brincko, a business "turnaround" expert.

It appears Consolidated Freightways has been on life support for awhile now; the board of directors has been desperately looking for a miracle doctor to revive the company.