Again, this is what executives do - work for shareholders and themselves. Workers are nothing but a cost. The hypocrisy shows up when workers unite to gain a bit of leverage and the pro-business conservatives start to attack the unions claiming they are "socialists" and trying to force companies into bankruptcy.
It's not. It's about moving jobs out of the country to make more profit. SMFH
You cut the jobs and don't replace the workers. Again, that's not what's happening here. Pay attention.
No, director pay isn’t outrageous, but I think you could argue directors are overpaid for what’s essentially a three weeks/yr oversight role.
Yes, companies do indeed cut production jobs if they determine they aren't profitable enough or risk profit in other areas, not that this seems applicable in this case.
The point is it's common for many, many companies - it's pay for what amounts to a few weeks of work. Pay to executives already making huge salaries. It's part of the wealthy rewarding the wealthy that rubes like you fail to acknowledge.
Are they working fulltime on this board? If not, I'd say it's outrageous.
Yeah, I suspect you would think that. Have you ever been to a board meeting of a company of any size? What do you think outside directors do?
OK.
No, they aren't being paid just for their time. They are being paid for their expertise and ability to make the company successful.
I have never personally heard of a fulltime board position that lasts the entire year. My point was to highlight the absudity of you claiming that $300k is not much for what is essentially a temporary very part time job.
And their expert advice is to move jobs to Mexico. How "liberal" of us to get pissed at this.
They also get paid to take on a little risk as a director and the chance they get dragged into one or more lawsuits. Still, it’s lucrative gig. There is a reason so many want to do it. They can retire and be on 2-3 boards.
Everyone is paid for their expertise and ability. JFC. The point you're trying to dance around is that they are able to reap huge rewards in a multitude of ways beyond their enormous salaries. They are motivated only to line their pockets and those of shareholders (which is usually themselves as well).
They can be on many more than 2-3 boards in retirement. They can, and often are, on 2-3 boards while working full time.
So long as the brown people stay on that side of the border they're okay with it.
Agreed. It is the dream gig for many senior execs.
Again, you're just taking Deere's side that the employees are unnecessary. I watch necessary employees get cut constantly in order to save money.
I have. Most of the time is spent golfing, hobnobbing and going to dinner.
I get it, hourly employees and gym teachers aren't real people like executives. They are abstract figures in an abstract labor market.
But yet, workers are encouraged to work extra hours. Do the work of others when short staffed. Take on extra responsibilities. Make sure you give 30 days notice if you’re leaving. All out of a sense of loyalty and teamwork.
Absolutely. That's individual capitalism. You get to go work somewhere else if it's better.
Sounds like a fair trade, the leftists are bringing all the Mexicans to the U.S.
Sounds like how labor unions operate. The big cheese makes big cheese and the rest fight for the scraps.
Employment at my wife’s place of business has been cut in half over the past year or so through attrition. Same number of physicians working the same number of patients. However, her workload has doubled. More money? Nope. She can’t take vacation. She was basically shamed into postponing an elective surgery.
It’s her personality. It’s easier to stay than it is to move. Another consideration is that we are closing in on 60. She doesn’t have a pension there just a 401k but doesn’t want the hassle.
Employees can buy stock, so can non-employees. Executives are GIVEN stock and lots of it.
That's such a simple minded response to the issue. "If you don't like, go work somewhere else". In the next breath you and others complain "there's no loyalty from employees", "we can't get good workers", etc. Far too many in the middle class and lower have been conned that corporations are victims.
The medical profession has gone off the rails. Providers are being stretched too thin, patients have to wait months for an appointment and then other get to see the doctor for 10 min. Not good.
