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  1. #131
    Join Date
    Apr 2010
    Location
    NYC
    Posts
    469
    I know a man that hedged r22 about 8 years ago still Paying off,, He received a Inheritance I honestly think he spent over 50g.

  2. #132
    Join Date
    Nov 2000
    Location
    Eastern PA
    Posts
    68,962
    Quote Originally Posted by John Markl View Post
    Which just slays me to the nth degree...They seek the shelter and security of their union jobs to feed their familes....while undermining the the same shelter and security of others by running side gigs.

    They don't have the courage to hang out a shingle and compete like the rest of us....
    Yes, they are making the very best of capitalism by using socialism to maintain a safe financial base and at the same time doing additional to increase their finances. Those taking advantage of the system are not the problem. The system is the problem.
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


  3. #133
    Join Date
    Mar 2003
    Posts
    7,326
    Gt, that would be incorrect for two hundred--- http://www.ehow.com/info_8593724_do-...rap-metal.html

  4. #134
    Join Date
    Nov 2007
    Location
    Sherman, TX
    Posts
    9,441
    Quote Originally Posted by flange View Post
    Gt, that would be incorrect for two hundred--- http://www.ehow.com/info_8593724_do-...rap-metal.html
    Gee, Paw....
    Technical incompetence is NOT a sales tool....

  5. #135
    Join Date
    Nov 2004
    Location
    up in the hizzy
    Posts
    1,390
    At least around here most of the business that closed doors were non-union! Kodak for example is about to go belly up and they were the poster child for the non-union movement, in the other hand Xerox is doing Ok and they are union.

  6. #136
    Join Date
    Mar 2003
    Posts
    7,326
    it isnt about whether or not the workforce is union, its about whether or not the company is managed correctly, AND their product is viable in the marketplace. Without those two things its a recipe for disaster. There is a long history of VC's and PE players essentiaqlly forcing businesses to close via intentional mismanagement, or strictly for the sake of profit.
    On the one hand, its their job, but on the other its excessive. If you ever worked in management of a global organization, you would understand.

    Here is an example of a former company I worked for. There were two levels of profit/overhead, whch meant that the business had to run at 55% margin MINIMUM. The local ofice was expected to make 25-30% above and beyond all costs. This is a nice tidy profit for the corporation at year end right? Then they had to add in the corporate overhead, and it needed to equal 25% MINIMUM, based upon gross sales.

    In order to get work in that business segment, at the time, our rates were 155 or unionized employees, and 175 for nonunion employees. Yup, that is correct, no misprint. The local market would bear, at the time, between 85-125 at the top end for service. The only way to survive was for them to cheat their customers. The service team leaders would load guys up with hours beyond the headcount dictated by the amount of serivce agreements in place, knowing that there is a certain ratio of pm/service/repair. if you front load the pm, they cannot do it, there arent enough hours. So guess what happened? the office went from being one of the best to one of the worst. headcount went from 42 working for me, to 8 in just a few years, due to cancellation of contracts by smart owners not geting the work done. That is planned reduction of headcount, where only the most loyal of customers would stay onboard. It had nothing to do with union or nonunion, but thats how it is done.

    A certain famed ex ceo of GE was notorious for these kinds of deals, and all he got was millions out of it, while the people at the bottom lost their jobs, many of them the very shareholders in the company, who watched the stock price stay flat while he raped and pillaged. for those woh say it is for the good of the shareholders are full of crap.

    Take one example, honeywell. Michael Bonsignore is widely known as one of the worst ceo's that company ever had. under his tenure, many segments of that company that used to marvel clients, died or became very sick. Their stock price was flat for over ten years, while he and his buddies raided the corporate coffers. They nearly died as a corporation, with Ge trying to squash them. It only stopped due to the european union blocking it as antitrust. In the meantime, before the merger was reviewed, every single employee in the company had to become sixsigma certified to meet GE corporate standards at a cost of millions.

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