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Everything posted by HawkZ71
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Is this your first time experience in learning how a holding company works? None of this comes to a suprise for me. I have watched the same thing play out many times with other companies.
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I just went through the entire damage deck to compare the old deck to the new. All of the wording and type of cards are exactly the same. The only two changes are the size of the cards and the new cards are numbered. I plan to continue using the mini cards as they do not take up as much space as the new bigger cards.
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I agree. The change in card sizes sucks.
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I would agree that a lot of CEOs work 60 hours a week. However, they do have a vastly different lifestyle. I am college educated and salaried. I work 50+ hours a week on average. I make a good income, but no where near what a CEO makes. I would work more hours...but my work day does not end when I go home... For any CEO making over 1 million per year income... Do you think those CEOs do their own laundry every week? Do think those CEOs do their own cooking every night? Do you think those CEOs do their own home repairs or remodeling? Do you think they raise and attend to their children the same way the rest of us non-executives do? It is easy for them to work 60 hours a week because they can afford things taken care of. I come home and my gf had a last minute appointment...I better start diner. Kitchen sink is not draining well...I cannot not see paying a plumber over $1,000 to fix the drain issue when I can use that money for other more important things...guess there goes my Saturday while I do my own plumbing. Oh wait, my tenant just called and has an issue with their stove. Guess the sink will have to wait another week because I do not make enough rent income off my one duplex to pay someone else to manage it... Those CEOs have a vastly different lifestyle when they go home. So, yes they can afford to work 60 hours a week or more because all the other little things are taken care of for them. They wouldn't even think twice to pay that plumber because $1000 to them is pennies. Best part is, while they are working those 60 hours they are strategizing how to steer the company in a way that best benefits their bonus, regardless of how it impacts the rest of us peons. And if they suck and get fired, they are paid millions in a golden parachute clause...while I can get walked out and any time with severance being optional (depending on the company's policy and belief) and unemployment being nowhere near enough to pay all my bills. This country has a serious issue with executive greed and my father correctly predicted in the 80's it was only going to get worse if something was not done. He was right. The gap between average worker pay and CEO pay has exponentially widden to ridiculous extremes.
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I worked for a company 8 years ago where they invested in a brand new printing press for a large account worth $12 million/year in sales. Overall company sales were just over $1 billion. That customer went to the competition and got a bid that undercut our best price. They asked the CEO to match price. He told them to pound sand after investing so much to make them a better quality product. (Of course not shared with the customer, the new equipment was also more efficient that reduced the cost of production). They went to the competition. The CEO turned to his vps and told them to make up the difference. Many people lost their jobs...even the little old lady that was paid minimum wage to audit expense reports. At the end of the year the CEO still got his $3.2 million bonus. Just one of many examples I can share. Reading everyone's posts...I can tell those that understand the greed of corporate America and others that have no clue.
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Dividends are optional and the company decides what to pay, even if they pay. The real culprit is the execs at the top. They take their cut first...then let the scraps go to the shareholders and/or profit sharing. Lol. You make it should like dividends is a sure thing if you own stock. I just received a dividen the other day from one of my investments...$7.20. Wow, what ever will I do with all that money?
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Just look up what executives make in salary and bonus. That should make anyone want to go in a corner and vomit.
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Better to let some people go so the executives still get there bonuses. If you ever end up on the receiving end, I doubt you will speak so lightly about a company and its profitability.
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Typical corporate American company run by the greed of executives. Wonder if the employees were given any kind of severance package. I have personally seen from one side of the spectrum to the other how situations like this are handled. Such a shame for the two games that are my favorite (x-wing and Armada).
