Posted on 11/16/2012 6:59:39 PM PST by 2ndDivisionVet
Papa John's CEO John Schnatter is going to cut his workers' hours, lay off workers, and increase the price of his pizzas by 11 to 14 cents. Why? Because the president was re-elected. More specifically, due to Obamacare. And he is not alone. Walmart is cutting hours, as is Denny's, and some other larger franchises like Red Lobster, Olive Garden, etc.
As with the companies mentioned above, those on the right want to blame the president, Democrats, Obamacare, etc.—yet they had layoffs or planned them as far back as 2009 and 2010. Were they all clairvoyant? Did they all know the president would be re-elected? And what if Mitt Romney had been elected? With more Democrats in the House and Senate, would the "repeal and replace" idea of Obamacare have succeeded? I think not.
What these companies and their owners are missing is personal responsibility.
As the owner of two small businesses, when times were tough, I took a paycut—I did not reduce my employees' hours or their wages. How many zeros is in CEO John Schnatter's paycheck? Or that of the Walmart CEO? This is a company that even during the recession posted profits.
In California, the state I live in, businesses are required to pay for 50 percent of their employees' health benefits if the company has a group healthcare plan in place. This was long before Obamacare, long before the president was elected the first time around. And California's not alone—other states have similar things in place...
(Excerpt) Read more at usnews.com ...
As an aside I wanted to mention that I personally visited some of these Russian "supermarkets" back in 1991 and 1993. Any 7-Eleven store made them pale by comparison. They were pathetic.
This is called contingency planning. Anyone with any sense who owns a business does it.
What if?
If A, then B or C. If not, some other course of action. If you wait until you have the problem without anticipating it and having a 'Plan B' in place to deal with it, you can go out of business fast. You cross train people to fill in for key personnel in case of illness or accident, you have backup equipment or supplies, you back up computer files, not because you want a disaster, but because you want to survive one.
And one other thing I noticed, the article is heavy on the 'eeevil owner meme', but the writer never claims to KNOW what the owner makes. Which makes this speculation, plain and simple. It also falls in with the whole socialist meme of 'so what if you own it, (you built it?) you're making too much.'
Great. Enjoy the 900 bucks, and enjoy having no job whatsoever after you get it.
Didn't some leftist come up to John Rockefeller and ask why he doesn't "share" his wealth with his workers?
IIRC, Rockefeller wrote out a "check" for something like $2, and said: "That's what you'll get if everything was divided up equally"
Comments?
Yes Plenty!
1. Leslie Marshall is a liberal. That alone explains her stance
2. Leslie Marshall has never owned a business or run a business.
3. Mr Schattner could not take any salary at all and it would not stop the harmful effects on business that Obamacare causes.......
4. Points 1,2 and 3 basically make Ms Marshall liberal moron..
My math may be off. It might be $90 per year.
yup... and just like Obama they aren’t very good at math (basic arithmetic)
The same thing is floating around about this Twinkie business. The Left is trying to say the CEO got a 300% pay increase and that’s why it went up. But when I looked into it, it’s the talking points from the Union. I’d like to know where they’re getting this.
Yeah cuz like the people running it actually know what they are doing instead of taking business advice from a douche-bag libtard author.
"What is the Federal Reserve?"
I'll take Obvious answers for 200 next Alex...
If I win the $214 Million Powerball lotto jackpot tomorrow, I imagine lot’s of stupid people will instantly decide they have some kind of right to tell me how to spend my money.
I promise you I wouldn’t start a new business, or provide employment for thousands of people.
The standard Union Play book..."
Look RICH CEO BAAAAD!!! Vote to strike! Pay no attention to our huge paychecks because we are working for you...
Look, Squirrel...
From http://ir.papajohns.com/faq.cfm:
"As of December 2011, there were approximately 16,500 employees."Just for fun, let's note John Schnatter's total annual compensation listed in post #31 (if I am interpreting it correctly):$2,745,220.
Now, let's take that entire amount away from the disgusting greedy capitalist pig who didn't build that and and spread his disgusting unjust compensation evenly among the 16,500 workers -- the little guys, the moral nobility. They'd be on easy street after that, right?
Here's the hard part. It's called "division.":
$2,745,220/16,500 = $166.38
Gosh, my calculator must be broken. That can't be right. $166.38 won't even pay for one person's health insurance for a year!
Leftists never learn how to do the math of their "soak the rich" schemes.
I believe you are wrong in your recollection. It was a pizza man who publicly confronted, not Hilary, but Bill Clinton in 1994 about the adverse cost of HilaryCare to his business. Bill Clinton disagreed and claimed the pizza man would only have to raise his pizza prices by 2% to cover the cost of the health care coverage. The pizza man again said he was wrong and sent him the numbers later to prove it.
That pizza man was Herman Cain, who was celebrated in conservative circles as having contributed to the defeat of the bill.
Link to the YouTube video: http://www.youtube.com/watch?v=Aq8tFGZFUEo
Given 10 employees at each location, a $100 Christmas bonus would cost the company four million bucks. (and ten is a number out of the blue). As a raise, not counting all the extra pay in for SS taxes and worker's comp/unemployment, that'd be a whopping 2 dollars a week per person--about a nickel an hour.
So, if the owner is making 4 million a year, a nickel an hour raise would wipe out his pay (and then some).
Obamacare will cost a lot more than a nickel an hour per employee...
“The left really believes all CEOs have vast vaults filled with trillions of dollars.”
Yes, exactly. In case anyone is confused this informs their tax and spending policies as a whole. We object to the Welfare State morally, but also because it will bankrupt us. Libs wonder what the panic is about, since there’s money out there just waiting to be appropriated. Either it’s spent in a manner inconsistent with their preferences, or it’s vein in effect hoarded offshore, it’s out there.
“The left really believes all CEOs have vast vaults filled with trillions of dollars.”
Yes, exactly. In case anyone is confused this informs their tax and spending policies as a whole. We object to the Welfare State morally, but also because it will bankrupt us. Libs wonder what the panic is about, since there’s money out there just waiting to be appropriated. Either it’s spent in a manner inconsistent with their preferences, or it’s in effect hoarded offshore, it’s out there.
I’d like to be able to prove it.
I believe you.
Nuh-uh! Whitey be born wit' dat shee...it. everbody know dat.
Little do they know! I started with nothing, scrimped and saved and worked hard, and I still have most of it left.
“Math is too difficult for them. The CEO salary is just a tiny percentage of the companies costs.”
What would they say if I proposed cutting waste in Washington by ordering federal employees to stay overtime rummaging through garbage to find reusable paper clips? Absurd, you say? Well, how can we justify starving hungry children because throwing away perfectly fine paper clips is easier than conserving them?
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