We should tax corporations like Deere more, then. They have record profits.
John Deere announces layoffs
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We've never had a layoff at my company, and maintain solid profits. During one downturn our CEO said he'd have us paint the walls if needed. Some people did.
What would you have them do? Hang out in the lunchroom? What do you think the union would do if they kept everyone, but cut back everyone's hours to make up for it?
Wow that's such an original diss, I've never seen anyone say that before! Well done on being so unique. Can't wait for your next one!
As others have said, I don’t know that there’s an easy answer. I would think to some extent there’s housekeeping stuff to keep them busy for a bit - trainings for example.
just rubs me the wrong way when Deere has had another successful year, huge profits and all…and yet they still layoff employees just to maintain that high profit margin for investors. Part of capitalism that I don’t like is all.
Your posts say otherwise. But then again you're misguided and misled so it's not really your fault.
Doesn’t mean you’re smarter. Your little piece of paper doesn’t mean shit in the real world.
It's a business not a "charity", well run organizations downsize when business drops off.
What the CEO makes is of no consequence in this matter. Actually, what the Board of Directors agree to pay a CEO is of no business to the employees either, stockholders maybe but employees and the general public can suck it.
This right here is where capitalism runs into problems for me. Left unchecked, it prioritizes profits over all else, and damn everyone else.
No, there's an easy answer, and Deere did what they had to do under the circumstances.
Conservatives used to be able to at least fake compassion. Now it’s “Eh, screw ‘em. Doesn’t affect me!”
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The company my wife runs is similar. During any recession or downturn - which are somewhat frequent as they are a supplier to industries like agricultural machinery, food processing, steel and aluminum, etc. - layoffs are the LAST resort --- after hiring freezes, pay increase freezes and ending executive bonuses. That is one reason their employees tend to stay there a long time - they are appreciated.
It is morally reprehensible that a Fortune 100 company like Deere is so cavalier about ditching labor while enriching its executives.
The UAW employees will face the same fate once China is the worlds leader in providing EV's to consumers.
UAW is about to screw the pooch along with their memberships livelihood and retirements.
Yet pretty much all companies pay their executives well. These same companies that you complain about caring for profits over everything else.
Obviously the board at many companies believe that 20 million for the right person is profitable.
What CEOs do to make a difference in a companies success you are not going to often see.....but they do make a difference. We grew up in a world dominated by KMart and Sears....I am sure any old stockholder of those two companies wish they would have paid 20 million, or more, to buy the leadership of Walmart or Amazon.
- Sep 13, 2002
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Not once have I advocated for cutting CEO pay in this thread.
Rather, I have said that as long as companies remain profitable and keep their frontline laborers gainfully employed, they should be able to do what they want. However, when they face headwinds, the pain should be shared equally among executives and labor.
I hardly think that is some radical notion. It's basic fairness and morally and ethically the correct thing to do.
That had to be used. A new X9 with a 50 foot draper head is just north of a million.
Every company, everyday, is facing headwinds. Companies pay executives lots of money to make decisions like layoffs so those headwinds do not take them under.
John Deere currently has more different jobs listed than number of people laid off.
We all know how the world works when it comes to corporations and profits but we have some just dying to say they care more.
A social media ribbon.
A social media ribbon.
If I’m in charge of the company:
I get rid of layoffs, but if I need to cut labor I’ll cut hours or initiate pay cuts that are equal to layoffs and keep getting my bonus.
I don’t have the answer, but I can poke holes in that
torbee, please. It would indeed be fair and moral to do as you describe, but surely you know the way of this world. You may as well tilt at some windmill.
And, we have loyalty as employees that has been returned by management. Slashing labor is quite often the lazy choice.
For public companies…you’re probably right. Huzzaahhhh capitalism!!!!!
The key is to be an employee that knows the game. Phuck every company - who gives a shit about their success as long as you get yours. They’re looking out for number one, you need to do the same. Ruthlessly. Make your millions early, run over everything to get there, and get the phuck out.
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More educated than you. What’s your job?
Typical Republican idiot who doesn’t respect the people who work with our country’s children.
It’s largely the board that is to blame. All they care about is Deere’s stock prices.
