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like moving the jobs to Mexico?Some folks just don't understand capitalism. You don't just keep workers around that you feel you can do without.
jobs are moving to MexicoWhat? They need fewer humans? Bastards!
It's great as long as it's undocumented immigrants undercutting the labor market but as soon as it's people getting eliminated altogether...that's when my blood boils!
This is one of the most absurd posts I've ever read on here.No problem with this. Good for them if they can cut jobs.
Oh we understand capitalism. We've been saying for a long time that it only cares about profits, not people.Some folks just don't understand capitalism. You don't just keep workers around that you feel you can do without.
This is one of the most absurd posts I've ever read on here.
Laying off workers is not a sign that the company doesn't care about people. You have to look at working conditions, benefit programs, etc.Oh we understand capitalism. We've been saying for a long time that it only cares about profits, not people.
The Board and management have a job to do for their stockholders.
Trickle down economics is indeed horse crap. That's why the government shouldn't be giving special tax breaks or other incentives to corporations IMO.Trickle down economics, right? Reagan sold the American people a nice big load of horsecrap. The damage caused to the middle class over the last 40 years is staggering, and here we have Republican board members cheering it on. People losing their jobs so a corporation can make even MORE money and these guys LOVE it. So caring.
Sounds like greed. It's crap like this why CEO pay has increased by 900% since the 1980s and worker pay has increased by 10%. They're making themselves wealthy on the backs of their workers and then effing them over as soon as they are expendable. Selfish greed.Trickle down economics is indeed horse crap. That's why the government shouldn't be giving special tax breaks or other incentives to corporations IMO.
But capitalism is not the same as trickle down. If you own a business you make decisions in the best interests of the company - normally to grow and be profitable - make the business more valuable.
Adjusting the workforce from time to time is just a part of business.
Why of course comrade!This is one of the most absurd posts I've ever read on here.
Moral, honest question.Imagine being so programmed that you are like "bless their corporate hearts."
How much do you think the outside Directors make at Deere?If capitalism only cared about profits, I’d be okay with it. We’ve rigged the system where board members are able to reward each other with outrageous undeserved compensation.
If you were running Deere, what would you do with unnecessary workers? Continue paying them to not work? Cut hours for all production workers? What's your solution?Oh we understand capitalism. We've been saying for a long time that it only cares about profits, not people.
This is one of the most absurd posts I've ever read on here.
Oh we understand capitalism. We've been saying for a long time that it only cares about profits, not people.
The total compensation for the board of directors at Deere & Co. amounts to $1,254,997. With nine members on the board – excluding the chairman and a recent 2020 addition for which the numbers have not been released – compensation comes out to roughly $293,000 to $340,000 per member.How much do you think the outside Directors make at Deere?
Imagine being so programmed that you are like "bless their corporate hearts."
Yeah, that's really outrageous. ::sarcasm::The total compensation for the board of directors at Deere & Co. amounts to $1,254,997. With nine members on the board – excluding the chairman and a recent 2020 addition for which the numbers have not been released – compensation comes out to roughly $293,000 to $340,000 per member.
But that's not what's happening.If you were running Deere, what would you do with unnecessary workers? Continue paying them to not work? Cut hours for all production workers? What's your solution?
The total compensation for the board of directors at Deere & Co. amounts to $1,254,997. With nine members on the board – excluding the chairman and a recent 2020 addition for which the numbers have not been released – compensation comes out to roughly $293,000 to $340,000 per member.
I could look it up but probably a couple hundred thousand a year in cash and Deere stock.How much do you think the outside Directors make at Deere?
They meet quarterly for a couple of days. Many members serve on multiple boards. It's an example of how the executives in corporate America are able to prosper in many ways without riak.Yeah, that's really outrageous. ::sarcasm::
First, it's an assumption these jobs are unnecessary. Second, Deere is making record profits. Who makes cuts during record profits if not for even more greed?If you were running Deere, what would you do with unnecessary workers? Continue paying them to not work? Cut hours for all production workers? What's your solution?
Fair enough.Sounds like greed. It's crap like this why CEO pay has increased by 900% since the 1980s and worker pay has increased by 10%. They're making themselves wealthy on the backs of their workers and then effing them over as soon as they are expendable. Selfish greed.
That's what this thread is about. Job cuts while the company is profiting. Pay attention.But that's not what's happening.
It's fine for corporations to care only about shareholders and top executives but it's also fine to call bullshit on their claims that "our workers are our most important asset" rhetoric.
Companies don't cut jobs if they are needed for production.First, it's an assumption these jobs are unnecessary. Second, Deere is making record profits. Who makes cuts during record profits if not for even more greed?
During the last recession that is exactly what my wife and the rest of the executive staff at her company did.Fair enough.
But what would you do if you were on the Board or the CEO and you were hired by the stockholders to get them a great ROI? Take a pay cut so you could retain more workers?
I looked it up, and wasn't quite as lazy as Riley, though his post was accurate. Their TOTAL compensation averages around $300K per year. That's not outrageous at all for a company the size of Deere.I could look it up but probably a couple hundred thousand a year in cash and Deere stock.