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To: Arizona Carolyn
This whole thing goes back to Jack Welch when he decided to outsource at GE and then put the pressure on all their vendors to do the same (if they wanted to do business with GE) then it led to more and more and more....of course all the heads of these companies kept getting larger and larger bonuses because they were increasing the bottom line so well

It just seems to me that when America licenses and protects business, that those businesses should have obligations to We the People.

Just as We the People have been the ones drafted to war to save the sorry butts of those fat CEO's.

If American citizens are expected to do die for their country, then Ameircan companies should be expected to look out for American citizens.

Business and citizens should either prosper together or fail together.

198 posted on 09/08/2004 8:52:44 PM PDT by Age of Reason
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To: Age of Reason
If American citizens are expected to do die for their country, then Ameircan companies should be expected to look out for American citizens

So true... I was an accountant for a lot of years for a Fortune 500 company (voluntary retirement/burnout) so I understand making a good return for stockholders. What I don't understand is the CEO's getting millions in bonuses due to big improvements in the bottom line and that improvement is to the detriment of the people who worked their fanny's off to get him those bonuses. The thing is: look at the guys from Enron, Global Crossing, etc., they didn't care if they screwed the little guy, they made their millions, had the big homes, yachts, etc... and when the companies went South figured they could retire to their little world.. THANK GOD George Bush has the BA!!s to take them to the woodshed. I actually remember when the CEO's got a salary and a "decent" bonus if the company did well... we had benefits, decent retirement plans, insurance at a reasonable cost, and the company made money and the stockholders made money and things hummed along just fine...

Someone mentioned the education-thing... well a lot of the Indian's, Pakistani's, etc., got their educations here and in England.

Another ramification not often mentioned: China is becoming so prosperous (thanks to us) that they are sucking up the worlds supplies of steel, wood, cement, and oil... so, ladies and gentlemen, we have shot ourselves in the foot on more than one issue...

207 posted on 09/08/2004 9:15:32 PM PDT by Arizona Carolyn
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