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Circuit City Lay Offs-Why Dems can't comprehend FREE MARKET

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."


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KEYWORDS: capitalism
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To: truthingod
Yep, aint the Free Market great!

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.

41 posted on 04/02/2007 5:07:15 PM PDT by Clemenza (NO to Rudy in 2008! New York's Values are NOT America's Values! RUN FRED RUN!)
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To: jamala3232; truthingod

Remember folks, NOBODY owes you a “decent standard of living.”


42 posted on 04/02/2007 5:07:44 PM PDT by Clemenza (NO to Rudy in 2008! New York's Values are NOT America's Values! RUN FRED RUN!)
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To: Ieatfrijoles

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!


43 posted on 04/02/2007 5:26:08 PM PDT by NonLinear (This is something almost unknown within Washington. It's called leadership.)
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To: NonLinear

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.


44 posted on 04/02/2007 6:22:23 PM PDT by Ieatfrijoles (Incinerate Riyadh Now.(Request shot splash))
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To: Ieatfrijoles

(c8


45 posted on 04/02/2007 6:53:50 PM PDT by NonLinear (This is something almost unknown within Washington. It's called leadership.)
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To: jamala3232
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?

They aren't private companies - they are Prescription Drug Program administrators for the Federal Government. Who are they to lay anyone off?? ;)

46 posted on 04/02/2007 7:00:09 PM PDT by Mr. Jeeves ("Wise men don't need to debate; men who need to debate are not wise." -- Tao Te Ching)
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To: NonLinear

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.)


47 posted on 04/02/2007 7:01:14 PM PDT by Ieatfrijoles (Incinerate Riyadh Now.(Request shot splash))
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To: Ieatfrijoles

8 is the eyes... c is the nose ( is the smile mouth. Emoticon. Some people are lefties...some are righties. Punny, huh? :D


48 posted on 04/02/2007 8:15:25 PM PDT by Chani (Happy cows make good cheese.)
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To: K4Harty
Back in the 80's "chainsaw" Al Dunlop made a killing as the "mean" old CEO brought in to downsize companies and save them. Econ. 101 says the company comes first, period.

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!

49 posted on 04/02/2007 8:38:51 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: jamala3232
If I know exactly what I want, I go to Best Buy. If I don't, I go to Circuit City. In my area the Circuit City sales staff is much more knowledgeable about their products. Their prices are higher but their service is better.

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.

50 posted on 04/02/2007 9:20:45 PM PDT by John David Stutts (Have a nice day)
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To: reagan_fanatic

LOL!


51 posted on 04/03/2007 6:51:48 AM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: grey_whiskers
James Cramer of MSNBC disagrees with you...

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.

52 posted on 04/03/2007 6:52:42 AM PDT by IllumiNaughtyByNature (I buy gas for my Hummer with the Carbon Offsets I sell on Ebay!)
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To: K4Harty
James Cramer of MSNBC disagrees with you... The ranting freak on TV, I disagree with him on a lot of things as well.

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!

53 posted on 04/03/2007 7:33:01 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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