Posted on 04/02/2007 1:44:40 PM PDT by jamala3232
another example of Democrat-leaning sites inability to comprehend the FREE MARKET
I am sure many of you heard about Circuit's restructuring plan:
Can anyone please tell me why countless democrat-dominated site, like this one, are swarming with people who do not understand that companies have a right to adjust to the free market as they please? Makes you wonder how companies would be treated today if Gore won lol.
Quote: "Circuit City Wednesday announced a plan to lay off 3,400 employees and replace them with newly hired employees that will be paid less. On its Web site, Circuit City said the layoffs were part of a "wage-management initiative." The layoffs occurred Wednesday and targeted employees who were paid well above the market-based salary range for their role, the company said in statement. The employees were to be replaced with new workers that would be paid at a rate in line with the market."
Better a greedy CEO than a greedy governor, a greedy union leader, or a greedy preacher. Nobody is holding a gun to your head telling you to shop at Circuit City. The same is not true of the government.
Remember folks, NOBODY owes you a “decent standard of living.”
Whoa! Chill dude...like, how was I supposed to know it was you, man?
I mean, like, I had this really righteous buzz, but then I, like had to to to work and stuff, and then when I get there, people are acting all harsh that I’m not ready to deal with the whole commerce thing yet.
I was wanting to hang with my bro’ in the DVD zone cuz that’s like where it’s happenin’!
So, like, come by after 11 and I’ll be ready to help you with all the tech stuff you can handle, dude!
I wasn’t talkin bout you olmes. It’s those assistant managers struttin the floor like dey da man. BTW you can cash those unemployment checks at the indian casino. rock on.
(c8
They aren't private companies - they are Prescription Drug Program administrators for the Federal Government. Who are they to lay anyone off?? ;)
I went to post #8 thinking that c8 meant see 8, but I don’t think that’s it. (i used to be a security guard at the SF chron. so i ain’t too bright.explain pleas.)
8 is the eyes... c is the nose ( is the smile mouth. Emoticon. Some people are lefties...some are righties. Punny, huh? :D
Former hedge fund operator James Cramer of MSNBC disagrees with you about Dunlop; it's in one if his recent books.
Not saying that it's the feel good thing but when it comes to the bottom line, we all take a back seat and no job is safe. IMO
Explain the "business value" of the $140 million pension to Michael Ovitz as CEO of Disney after merely 14 months on the job; or of Carly Fiorina's money after running Lucent and then HP into the ground; or the $2 million/year pension to Jack Welch after he *left* GE.
For a good idea of how to *really* do it, look at Gerald Grinstein of Delta Airlines.
Cheers!
Circuit City has a right to fire any employee in a effort to stay competitive and survive. A stupid company fires productive workers. A smart company cuts off bloated waste. I think Circuit City knows what is best for their business...which is not "employing workers," but servicing customers and making a profit.
LOL!
The ranting freak on TV, I disagree with him on a lot of things as well.
I am not a fan of the extravagant CEO comp plans. I believe that a CEO should be well compensated with a base and have the ability to make more based on verifiable metrics tha are directly relatable to him. Same for VP's etc.
That's his schtick to help ratings. Try reading his *first* book, "Confessions of a Street Addict"...he does in fact know his stuff.
I am not a fan of the extravagant CEO comp plans. I believe that a CEO should be well compensated with a base and have the ability to make more based on verifiable metrics tha are directly relatable to him. Same for VP's etc.
Agree on this, except they then ought to give all the surplus compensation to *me*. :-)
Cheers!
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