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The majority of corporations pay out six and seven figure bonuses to executives who get paid for short term profit goals and often drive their companies into the ground due to morally hazardous compensation and incentive schemes.
The majority of corporations in America have underfunded pensions, that is, while the leaders of these companies pay themselves ever higher bonuses, I forget the number, but it's a huge multiple of what they earned 20 years ago, and at the same time the men and woman who do the work for these companies are going about thinking they have a pension plan.... Corporations destroy as many lives as they benefit. They care about the next few earnings reports, and that's generally about it...
Can you help answer these questions from other members on NexusFi?
People aren't complaining that you have more money and they have less money. They are complaining about opportunities afforded them. The biggest corporations get to where they are through the halls of congress, they get to where they are on the backs of the people and the power those people represent. When they turn around and stick a knife in those people and gut them of opportunity, unrest is to be expected.
And most of those pensions are run by Unions who negotiated unrealistic contracts so they could collect union dues. It is not the companies responsibility to take care of you for the rest of your life. There is thing called personal responsibility for ones self which seems to been lost in the last 40 years. If people spent as much time planning for the future as they do whining about how much executives or corporations make there would be reason to have this discussion.
But instead we live in a nanny state where people believe they should be taken care of from cradle to grave by government and the companies they work for. And when it does not happen they start whining about how its not fair.Life is not fair. Get over it. Start taking care of yourself and your family first and quit complaining.
The pension funds rests on the companies financial statements and part of the executive fiduciary duty to maintain. We see it all the time, executives get to together with clever investment bankers and private equity people to raid and gut the coffers, leaving the employees holding the empty bag... It's a disgrace.
Its amazing. All your posts are about how you cant succeed because the "man" is holding you down. Obama is the same way. Its not my fault this is what I inherited.Here is a lesson for you; You make your own opportunities in life. That is how successful people become successful; You rely on ones self and not others. And if you fail it is your fault not others. You get up after you fail dust yourself off and try again and again till you succeed. That is how the American dream is realized.
You may interpret my posts how you will. As a concerned citizen I have an interest in ensuring the playing field is level. I don't have a guy in congress pulling strings for me. We know all about the types of people who only care for themselves and put themselves ahead of everybody and everything in life. We see the consequences of their actions every day all around us. Some of us actually care for something greater than ourselves.
On the conspiracy front... are the handlers just creating this spectacle for the public... the hidden camera at the sex party mansion??? I couldn't write this stuff were I in fiction...
You do not understand business. How do you expect a company to maintain finical solvency when the contracts which negotiated during good times no longer pan out during bad economic times. Economics 101; they cant. Companies are caught in a catch 22. If they close down to save the pensions of existing workers then they are accused of not caring about the workers who have not made it to the age to collect pensions. If they raid the coffers as you so elegantly put it, they they are accused of not caring about the retires. In either case they are screwed and are labelled evil.
"You dont care about others!"I was expecting this answer. I spend at least 3 months a year volunteering in soup kitchens and helping under privileged kids get out slums and make something of themselves. I teach them to rely on themselves and not the government or others. I teach them to make their own opportunities in life. If this makes me evil and uncaring then so be it. Just curious how much time do you spend helping others?
It is true, at the end of the day I do put family and myself first. That is why I will succeed.