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(Huffington Post)   Today's executive taking an enormous bonus while laying off workers: Time Magazine's Norman Pearlstine   (huffingtonpost.com ) divider line
    More: Obvious, Time Inc., Norman Pearlstine, Erik Wemple, magazines, layoffs, berg L.P.  
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907 clicks; posted to Business » on 10 Feb 2014 at 9:33 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



24 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2014-02-10 09:05:25 AM  
There is a lesson here.

Don't be a plebe, it sucks.
 
2014-02-10 09:41:01 AM  
Blessed are the job creators.
 
2014-02-10 09:41:49 AM  
He made his company profitable! WHY DO YOU HATE SUCCESS!?
 
2014-02-10 10:14:55 AM  
This kind of thing drives my son to intemperate speech. The bozo just followed the advice of accountants. He  didn't analyze the company. He didn't search out cost-saving nooks. He followed the advice of the people who actually understand their company and its market.

And he gets the bonus.
 
2014-02-10 10:21:28 AM  

yakmans_dad: This kind of thing drives my son to intemperate speech. The bozo just followed the advice of accountants. He  didn't analyze the company. He didn't search out cost-saving nooks. He followed the advice of the people who actually understand their company and its market.

And he gets the bonus.


That's what kills me. The guy at the top in a large company is mostly listening to people under him, lawyers and accountants. This belief that the President of a company is somehow able to exert great force to cause growth seems naive unless the top guy is still "hands on"
 
2014-02-10 10:57:37 AM  
NYT, which also condemned other companies doing this to appease their liberal base, did this very thing several times as well. Your sheepherders are hypocrites, Total Fark.
 
2014-02-10 11:47:57 AM  
1.8 million dollar bonus, 500 layoffs. Fine, he'll offer to split the bonus between the layed-off people to "save their jobs", but only if that's all the money they make for this year. Anyone want a job for $3,600 a year? No? I guess he'll just keep the money then.
 
2014-02-10 12:13:05 PM  

yakmans_dad: This kind of thing drives my son to intemperate speech. The bozo just followed the advice of accountants. He  didn't analyze the company. He didn't search out cost-saving nooks. He followed the advice of the people who actually understand their company and its market.

And he gets the bonus.


Kings are still kings.  Their advisers are still not.
 
2014-02-10 01:00:55 PM  
So, all people are owed a job by someone? Interesting...here I thought a company had the right to operate how they see fit.  This one found a way to operate without all those people and still get the job done.
 
2014-02-10 01:07:05 PM  

forstmeister: So, all people are owed a job by someone? Interesting...here I thought a company had the right to operate how they see fit.  This one found a way to operate without all those people and still get the job done.


Whatever, Hitler.

Once a company hires someone they have a moral obligation to employ that person forever. Duh.
 
2014-02-10 01:14:41 PM  

Debeo Summa Credo: forstmeister: So, all people are owed a job by someone? Interesting...here I thought a company had the right to operate how they see fit.  This one found a way to operate without all those people and still get the job done.

Whatever, Hitler.

Once a company hires someone they have a moral obligation to employ that person forever. Duh.


I must have missed the day at school when that was taught...Oh well, you learn something new everyday, right?!
 
2014-02-10 01:20:11 PM  

Nemo's Brother: NYT, which also condemned other companies doing this to appease their liberal base, did this very thing several times as well. Your sheepherders are hypocrites, Total Fark.


This comment will be ignored, lol. You're on fark.
 
2014-02-10 01:42:38 PM  

forstmeister: So, all people are owed a job by someone? Interesting...here I thought a company had the right to operate how they see fit.  This one found a way to operate without all those people and still get the job done.


The person who does your laundry, do they ever wonder where all the straw comes from?
 
2014-02-10 02:42:18 PM  
Get it now. You won't have a chance later.
 
2014-02-10 02:46:43 PM  

yakmans_dad: forstmeister: So, all people are owed a job by someone? Interesting...here I thought a company had the right to operate how they see fit.  This one found a way to operate without all those people and still get the job done.

The person who does your laundry, do they ever wonder where all the straw comes from?


I do my own laundry.  Thanks anyway.

Either way, free market and all that...
 
2014-02-10 03:50:07 PM  

forstmeister: Debeo Summa Credo: forstmeister: So, all people are owed a job by someone? Interesting...here I thought a company had the right to operate how they see fit.  This one found a way to operate without all those people and still get the job done.

Whatever, Hitler.

Once a company hires someone they have a moral obligation to employ that person forever. Duh.

I must have missed the day at school when that was taught...Oh well, you learn something new everyday, right?!


Yes, it was they day they taught us that the term "employee" is just a euphemism for "wage slave". Do try to keep up.
 
2014-02-10 04:22:25 PM  

FarkedOver: He made his company profitable! WHY DO YOU HATE SUCCESS!?


If he fired everyone infinite profits!
 
2014-02-10 06:20:33 PM  
I'm tired of seeing stories like this.
 
2014-02-10 06:52:31 PM  
Well I am shocked, SHOCKED that someone in the media who likes to make political hay of it when an exec does it would also do it.
 
2014-02-10 08:44:11 PM  
He better hurry up and get a new job, only 3 years left.
 
2014-02-11 06:42:20 AM  

yakmans_dad: This kind of thing drives my son to intemperate speech. The bozo just followed the advice of accountants. He didn't analyze the company. He didn't search out cost-saving nooks. He followed the advice of the people who actually understand their company and its market.


Just a quibble:  It's not the accountants.  The accountants are bringers of bad news to a company in bad shape, like "You have 18 months until insolvency."  That often leads to layoffs, but what the fark is the accountant to do; hide the debts until the company goes bankrupt and everyone is let go?  Well as a matter of fact they're called upon to do just that, and it takes an unethical one to do so, which is why the Big 4 are without exception all basically book-cookers for hire.  Which is why they have about a 50% attrition rate over two years -- the accountants spend 5-6 getting qualified in accounting practices and then as soon as they're hired they're asked to lie and break rules because their clients demand it.  Most of them say "eff it", use the Big 4 as a stepping stone and take jobs with drastically reduced career opportunities for the luxury of being able to sleep at night.

If there are people pushing for layoffs, that would be your consultants, MBAs and shareholders.

forstmeister: So, all people are owed a job by someone?


No, except for one small quibble.  Politically, corporations are positioning themselves as providers of society.  But when it comes to justifying anything life-destroying like environmental damage or layoffs, they fall back to, "We exist to make money."  This is pretty much Debeo Summa Credo's position in five words -- corporations are great, corporations are holy, but oh yeah, corporations can do whatever the fark they want because they exist to make money.  In other words, corporations want people to accept a social contract where corporations are relied upon as not only the primary but sole source of income, without any explanation for whatever individuals they deem unfit to keep.  So when someone loses a job or can't get one, they're screwed.  To which i say:
 YOU CAN'T HAVE IT BOTH WAYS!!!


If you're going to take a shiat on the social contract you're imposing on society, shut the fark up and let us implement our goddamn social safety nets so at least the thought of losing a job isn't terrifying to the point that it causes panic attacks, depression and nervous breakdowns.  Instead we have this uber-broken smorgasbord of politically compromised programs, corrupt charities and religious bread-and-Bible activities that perpetually rewards those that depend on them and kicks anyone trying to get off them in the nuts because they're "unemployable".  But every single farking time we try to make the world a better place or even merely a little less stressful they descend upon the Beltway all fists-and-vinegar to impose their sociopathic Social Darwinism all while anointing themselves as the great Job Creators of society even as they lay off people by the thousands.

If it makes you happy, no, you're not obligated to retain workers you don't need, but if you're going to let them go for no reason other than to save a little money, then shut up, know your place, keep your filthy money out of our political process and get the bloody fark out of our way.
 
2014-02-11 07:52:05 AM  
dragonchild: If you're going to take a shiat on the social contract you're imposing on society, shut the fark up and let us implement our goddamn social safety nets so at least the thought of losing a job isn't terrifying to the point that it causes panic attacks, depression and nervous breakdowns. Instead we have this uber-broken smorgasbord of politically compromised programs, corrupt charities and religious bread-and-Bible activities that perpetually rewards those that depend on them and kicks anyone trying to get off them in the nuts because they're "unemployable". But every single farking time we try to make the world a better place or even merely a little less stressful they descend upon the Beltway all fists-and-vinegar to impose their sociopathic Social Darwinism all while anointing themselves as the great Job Creators of society even as they lay off people by the thousands.

If it makes you happy, no, you're not obligated to retain workers you don't need, but if you're going to let them go for no reason other than to save a little money, then shut up, know your place, keep your filthy money out of our political process and get the bloody fark out of our way.



i34.servimg.com
 
2014-02-11 07:58:37 AM  

wombatsrus: HE MAD


sxustudentmedia.com
 
2014-02-11 03:52:31 PM  
Does Nancy Pelosi pay above average at her family restaurants ?
You know, because she gets all those government money checks and health benefits .

Because it not like she needs to make a whole lot of money from the food business.
Right !  I'll bet she pays the busboys and wait staff $20.00 hr.plus tips.

Because she a millionaire and old millionaire at that too.
How much money does the old bag need to take with her to the grave ?

I know we can trust our fortune and well being with the people in government.
They set the shining example for all to follow.

Next time ! How much are the Clinton's worth and should they be on a government funded health plan ?
 
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