1.5b paid to shareholders. But cuts wages and fires thousands to make up the difference...

Horus-Anhur:

1.5b paid to shareholders. But cuts wages and fires thousands to make up the difference...

That's what big corporations always do - they're unethical, immoral animals driven by the hunt for profit.

Horus-Anhur:

1.5b paid to shareholders. But cuts wages and fires thousands to make up the difference...

"Investors love this little trick... would you like to learn more?"

fantaskarsef:

"Investors love this little trick... would you like to learn more?"

https://media4.giphy.com/media/4LRkCWLi2MKOc/giphy.gif?cid=ecf05e474ir58lptkas60nsiwulw6aht7zn1qf26d5twwhn0&ep=v1_gifs_search&rid=giphy.gif&ct=g

I'm so glad that I woke up and didn't go into processor logic design like I initially wanted to. It's like getting into aerospace engineering. Pick one of 3 companies you want to work for, hope you get in.

barbacot:

That's what big corporations always do - they're unethical, immoral animals driven by the hunt for profit.

All companies are driven by the hunt for profit. What really differentiates them is if they answer to shareholders or not. Publicly traded companies do so things like this are done solely to prop up the share price and keep the shareholders happy. I finally found a very good privately held company to work for and they don't do ridiculous things like this. I wrote ridiculous because this is short-term thinking. If the market were to suddenly change they would be scrambling to hire some, if not all, of those people back. Privately held companies usually take more of a long-term view of things. My current company does and we are trying to hire people and can't find enough who are willing to work so we end up paying $21 per hour for people to sweep floors. I seriously doubt I will ever have to find another job but if I did I would avoid publicly held companies.

barbacot:

That's what big corporations always do - they're unethical, immoral animals driven by the hunt for profit.

Gomez Addams:

All companies are driven by the hunt for profit. What really differentiates them is if they answer to shareholders or not. Publicly traded companies do so things like this are done solely to prop up the share price and keep the shareholders happy. I finally found a very good privately held company to work for and they don't do ridiculous things like this. I wrote ridiculous because this is short-term thinking. If the market were to suddenly change they would be scrambling to hire some, if not all, of those people back. Privately held companies usually take more of a long-term view of things. My current company does and we are trying to hire people and can't find enough who are willing to work so we end up paying $21 per hour for people to sweep floors. I seriously doubt I will ever have to find another job but if I did I would avoid publicly held companies.

I have to respectfully agree (they are all driven by the hunt for profit), and disagree at the same time (shareholders). The issue is that the "shareholder" you mean is the short term trading, buying and selling one. There are shareholders out there of not publicly traded companies who still make bad decision because their bonuses are not orientated on long term goals but 3 year ones, after which the manager leaves anyway. And there are companies out there who are indeed publicly traded but not very popular because they do not work for the short term buy and sell gains. That said, I'm glad you're doing well 🙂