Not surprized at all
- Thread starter big2bird
- Start date
mrvette
Phantom of the Opera
I agree, it's sad and stupid, but the tendency to demand way too much in retirement bene's has stuck companies with funding from current earnings....when the 'investments' go to hell, and the 'markets' for current sales are shit, and they laying off workers due to lack of business.....
at some point, the 'bank' is busted, it's either that or go BK, and I agree about the execs getting cubic bux outta that mess.....they really shouldn't....
I can see them getting maybe 10% of that money, that's how they get paid anyway, but kinda hard to blame ALL that shit on the execs.....when 90% of the bad planning was 'public policy'......:crap::ill:
at some point, the 'bank' is busted, it's either that or go BK, and I agree about the execs getting cubic bux outta that mess.....they really shouldn't....
I can see them getting maybe 10% of that money, that's how they get paid anyway, but kinda hard to blame ALL that shit on the execs.....when 90% of the bad planning was 'public policy'......:crap::ill:
DeeVeeEight
Fast Pedalphile
I saw this happen to my co workers when I was in my 20's. I worked at a Union Print & Bindery shop in NJ. They ran 3 shifts with about 100 or so people on each shift. One day the owners decided to sell the company, a few weeks later the new owners announced that they did not agree to the pension plan when they bought the place and that everyone was shit out of luck. Some of those people had put in over 30 years and just had the rug pulled out from under them. I swore I would be master of my own fate from that day on and not throw in with a company - any company like that.
When our society allows these business crimes to continue and fails to correct them it gives no one an incentive to do the right thing. Sure, this politician sees a problem but he has no way to correct it in our lifetime. It will be business as usual and we the public will continue to get screwed.
So here we are again - a .gov backed insurance program that is underfunded and can not cover the shortfalls created by white collar crime. So what else is new - isn't this the American way? Just expect the tax payers to bear the burden.... like sheep to the slaughter.
When our society allows these business crimes to continue and fails to correct them it gives no one an incentive to do the right thing. Sure, this politician sees a problem but he has no way to correct it in our lifetime. It will be business as usual and we the public will continue to get screwed.
So here we are again - a .gov backed insurance program that is underfunded and can not cover the shortfalls created by white collar crime. So what else is new - isn't this the American way? Just expect the tax payers to bear the burden.... like sheep to the slaughter.
mrvette
Phantom of the Opera
Similar story, I remember a very tall guy, last name of Muncy...almost like the 4 speeds of the day...worked for the Joe Zamoisky Distributing company....he got near his 20 and they fired him on the spot....why?? pension funding....it was not a union shop, being Maryland/Wash DC region....
I was like age 22 or so....he was like 55 .....best parts guy they had too....
knew as much as the factory about Zenith TV parts...
:ill::drink:
edit....kind of an extension of my father's experiences, good in sales, promoted to VP of a couple of companies, they wanted to expand other regions....so they would try transferring him around the country to develop other regions.....dad saw the constant treadmill, and said hell with them....formed his own business....
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