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(Washington Post)   The economy improved yet businesses claim they didn't "meet expectations." Well yeah, your expectations were "drive your employees before you and hear the lamentation of their women"   (washingtonpost.com) divider line 30
    More: Interesting, economic reports, expectations, businesses  
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499 clicks; posted to Business » on 16 Aug 2013 at 9:12 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



30 Comments   (+0 »)
   
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2013-08-16 09:20:21 AM
I hereby dub this the Wonderland Economy.  Where businesses are making record profits almost across the board yet everyone is cutting back, struggling, uncertain, and fearful.

Where is the disconnect here?
 
2013-08-16 09:21:23 AM
At some point society is goIng to realize infinite growth isn't physically possible right?
 
2013-08-16 09:27:00 AM
The tyranny of shareholders.

They have no care or concern for the health or long-term viability of a business.  They gots to get paid NOW.
 
2013-08-16 09:28:11 AM

Warlordtrooper: At some point society is goIng to realize infinite growth isn't physically possible right?


Sure it is. But killing the middle class ain't the way to achieve it.
 
2013-08-16 09:31:26 AM
As long as the CEO gets his annual 20% raise, it's all good.
 
2013-08-16 09:31:27 AM
www.unwinnable.com
 
2013-08-16 09:32:10 AM

Diogenes: They gots to get paid NOW.


HEY! That luxury yacht doesn't pay for itself, ya know!

/do rich bastards still use yachts?
//assholes. Assholes, all of them
 
2013-08-16 09:33:17 AM

slayer199: [www.unwinnable.com image 300x400]


I never get tired of using this quote. Between the economic collapse and the GOP being incompetent batman villains, I think I've used the quote in some form a half dozen times now
 
2013-08-16 09:33:23 AM

Wendy's Chili: Warlordtrooper: At some point society is goIng to realize infinite growth isn't physically possible right?

Sure it is. But killing the middle class ain't the way to achieve it.


Oh, but it will do very nicely until something better comes along.  Who else are they going to steal from?  The poor?  No money in it.  Each other?  How droll.  The Middle Class is the only acceptable target.

The good news?  After they're done with us, they'll eat each other because there won't be anyone else left to exploit.  I guess we'll get a "new" middle-class out of the failed billionaires?  Yay?

Sure, they made more money than the math said they should 'expect'.  But they didn't meet their  personal Expectations because they don't have ALL the money, everywhere, yet.  They WILL keep trying.
 
2013-08-16 09:38:00 AM
"Listen. You people need to understand that we're entitled to a certain level of profit, regardless of a myriad number of market factors. And if our sense of entitlement is not met, even if we're doing quite well, we're going to be upset."
 
2013-08-16 09:42:54 AM
Fire the people that set the expectations, they're the ones that did a bad job.
 
2013-08-16 09:44:35 AM
so the fed says they're going to lower corporate subsidies and the suits cry and take their ball home, despite the fact that their profits are farking soaring on the back of the american taxpayer.  i think it's time we started carting guillotines to wall st.
 
2013-08-16 10:05:50 AM

TheOtherGuy: Sure, they made more money than the math said they should 'expect'.  But they didn't meet their  personal Expectations because they don't have ALL the money, everywhere, yet.  They WILL keep trying.


I'm not a finance guy, but i equate our financial system to a game of Risk. The endpoint of "good business" is having your color take over the entire board.
 
2013-08-16 10:06:30 AM

somedude210: slayer199: [www.unwinnable.com image 300x400]

I never get tired of using this quote. Between the economic collapse and the GOP being incompetent batman villains, I think I've used the quote in some form a half dozen times now


it's actually a quote from ghengis khan.
 
2013-08-16 10:13:17 AM

pute kisses like a man: it's actually a quote from ghengis khan.


huh, really? I never knew that
 
2013-08-16 10:19:08 AM
Jesus christ, these farking people.  "The economy is improving and one of our profit streams is starting to dry up!  Panic, sell!"
 
2013-08-16 10:27:43 AM
My company has decided on no raises, yet again for this year, the christmas bonus was a $15 gift card to wal-mart, they decided to quit paying for home internet for the telecommuters, AND I just got an email that we only reached 85% of our goal for something and we don't get any success share payments, whatever that is.   All I know is that I've used 2 hours of overhead the whole time I've been with them and every other hour has been billable, yet I should feel bad for some reason that we aren't making money....
 
2013-08-16 11:02:57 AM

Girion47: All I know is that I've used 2 hours of overhead the whole time I've been with them and every other hour has been billable, yet I should feel bad for some reason that we aren't making money....


I think I see your problem, and I will explain how you can help fix things for your company.
You say you've used 2 hours of overhead, but you don't say how much that costs. What it costs is what's important. Now, what happens is, every year your company's accountants look at their costs, and they look at their direct labor, and their materials, and so on, and they put all these costs into buckets. Indirect labor is one of these buckets. Then, they attribute hours to the indirect labor, and come up with an hourly cost. So, the more hours they assign, the less each hour costs. You, you lazy fark, are only contributing 2 hours to indirect labor, and that makes your company's hourly cost of indirect labor look too high compared with other companies in your industry.
What you need to do is, when you track your time, is you need to say, "I worked 20 hours this week on projects, and I spent 20 hours looking at porn." Or better yet, 30 hours looking at porn, so your boss thinks you are a go-getter and deserve a raise. By this time next year, your accountants will be much happier about how their numbers stack up against the industry.
 
2013-08-16 11:28:19 AM
The problem is that the economy is being driven by stock prices not by revenues. My company just let several hundred people go because the profitable line of items they were making wasn't profitable enough to satisfy shareholders. Companies would rather show margins of %50 and make less money because it bumps the stock price up than %20 margins and more cash.

And the same week we fired 200 people we brought on 60 temps.
 
2013-08-16 11:45:28 AM

Warlordtrooper: At some point society is goIng to realize infinite growth isn't physically possible right?


Untrue.  I fully expect my company to reach 350% of the market share by next quarter. Or Else!!!!
 
2013-08-16 11:54:07 AM

AngryDragon: I hereby dub this the Wonderland Economy.  Where businesses are making record profits almost across the board yet everyone is cutting back, struggling, uncertain, and fearful.

Where is the disconnect here?


It's like their understanding of the world was shaped by a political party whose platform is entirely fear-based. Or something.
 
2013-08-16 11:55:48 AM

Warlordtrooper: At some point society is goIng to realize infinite growth isn't physically possible right?


Physics and the real world in general are real hassles to deal with for a lot of econ and business types, hence we get things said like "labor is just an expense" etc. Not all are like this but the types who would say things like that are just utterly broken as human beings if you ask me. Definitely not someone I'd want in my tribe...
 
2013-08-16 12:18:07 PM
"Despite the economic recovery, it can still be difficult to squeeze out a profit, analysts said. "
CEO salary and stock options, however, are forever squeezable.
 
2013-08-16 12:46:49 PM

To The Escape Zeppelin!: The problem is that the economy is being driven by stock prices not by revenues. My company just let several hundred people go because the profitable line of items they were making wasn't profitable enough to satisfy shareholders. Companies would rather show margins of %50 and make less money because it bumps the stock price up than %20 margins and more cash.

And the same week we fired 200 people we brought on 60 temps.


Those temps probably cost 3x as much too, but they're expense and not labor so it "makes sense"
 
2013-08-16 01:42:20 PM

somedude210: pute kisses like a man: it's actually a quote from ghengis khan.

huh, really? I never knew that


yup, pretty cool.  made me like conan the barbarian more.  if that's possible.
 
2013-08-16 04:07:48 PM
And Henry Ford would beat every single one of these whiners over the head with a wrench.
 
2013-08-16 04:08:27 PM
Executives are cowards.

CYA
 
2013-08-16 08:11:25 PM
My company is getting more business, and is hiring more people. But it's also still owned by one guy.

/And we do fairly niche things
//I'm so far down the rung, I really don't even qualify as a 'Tech'.
 
2013-08-16 09:40:53 PM
I work for one of the biggest mortgage companies in the world and they just announced layoffs. They are making money hand over fist but it is still not enough.
 
2013-08-17 03:09:10 PM

AngryDragon: To The Escape Zeppelin!: The problem is that the economy is being driven by stock prices not by revenues. My company just let several hundred people go because the profitable line of items they were making wasn't profitable enough to satisfy shareholders. Companies would rather show margins of %50 and make less money because it bumps the stock price up than %20 margins and more cash.

And the same week we fired 200 people we brought on 60 temps.

Those temps probably cost 3x as much too, but they're expense and not labor so it "makes sense"


I was once the head of an IT department that an organization canned and replaced with contractors. 10 years, and they called me down to HR, announced I was being laid off, and had me escorted off the property by security.

The folks they hired were really top notch, though. They managed to fark up the exchange server. And they had no idea how to make or restore backups. They not only lost all of their back email, it took the 4 weeks to get their shiat together.

(I had a much better job lined up pretty much within a week. And yes, it paid twice as well for half the work.)

The VP responsible ditched to organization to run a different organization in the midst of all of this chaos. I wonder how "bringing a cultural institution to a complete standstill" read on her Resume.
 
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