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Post by ktpsparky on Oct 11, 2011 10:19:40 GMT -5
Does anyone on this Forum think it is reasonable to cap Profit Sharing?
Really, the company split $98M in STOCK OPTION BONUSES between Alan Mulally and Bill Ford just this spring!!!!
In the last Email I got from Jimmy Settles (Dated 10/05) he was bragging about securing $678 M in bonuses for the membership by 2015.
WOW, REALLY JIMMY SETTLES, WOW!
GOOD JOB. You just secured $678 M over a 4 yrs period for 41,000 current and up to 12,000 future employees. Bad thing is, that is only 7 yrs of bonuses for 2 guys if history repeats itself.
Now that is equality of sacrifice.
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Post by ScottR@KTP on Oct 11, 2011 10:43:36 GMT -5
Why cap profit sharing? It's all about who it protects and benefits, but somehow our new profit sharing is WAY better than any we've ever received.
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Post by ktpsparky on Oct 11, 2011 13:28:52 GMT -5
Hell, take Bill Ford out of the equation...
Mulally got $26.5 M in salary + $54.5 M in Stock Options.
That's $81 M for ONE GUY.
The total package ($678 M) Settles secured for up to 53,000 hourly employees over the next 4 years is LESS THAN 8 1/2 Alan Mulallys for 1 year. Holy Cow.
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Post by driveshaftgrunt on Oct 11, 2011 14:43:12 GMT -5
Its the new American way.
May I suggest Peck's article in last month's Atlantic Monthly about what's happening to the middle class.
Its also been studied by economists and suggest by one, from Rutgers I think, that the BIGGEST PART of the increase in US company profit growth over the last 10-12 years has been a DIRECT result of lowering pay and bennies of workers.
See, if you're a CEO, the easiest way to help your companies bottom line is to cut pay, outsource jobs, and slash bennies. Then your company grows its profits, and you get MAD BONUSES. Its a simple formula, less for all of the hundreds of thousands of you, and more for me and my top couple of buddies.
And the worst part? At least half of the working people getting the shaft will sit and argue with you about how we need to keep America moving in this direction........
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Post by ktpelec on Oct 11, 2011 16:37:25 GMT -5
Driveshaftgrunt sees the whole picture. A large percentage of the corporate world has been making record profits for some time now, yet the middle and lower class workers wages are still stagnant.
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Post by TonyV on Oct 12, 2011 0:02:29 GMT -5
I think ktpsparky sees things crystal clear!
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Post by hotcarl on Oct 12, 2011 0:11:03 GMT -5
Global economy thing seems to work great if you are a CEO
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Post by ktpelec on Oct 12, 2011 6:10:48 GMT -5
If you are in the top 1% of the population that have more than enough finances to sway political legislation, you don't need to worry about anyone else. Humans are the largest commodity on the planet, there will always be someone that will work just to survive. This is not new, it's been building momentum for years now.
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