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RC Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-15-08 08:24 PM
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There is some truth there.


When are they going to learn that without the workers, the management and the company itself would not exist.
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-15-08 08:26 PM
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1. Good one. n/t
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keep_it_real Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-15-08 08:42 PM
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2. A recent survey of CEOs running major American corporations revealed
Lawrence Mitchell, a professor of business law at George Washington University, notes in his book, The Speculation Economy, that a recent survey of CEOs running major American corporations revealed that almost 80 percent would have "at least moderately mutilated their businesses in order to meet analysts’ quarterly profit estimates."

Cutting the budgets for research and development, advertising and maintenance and delaying hiring and new projects are some of the long-term harms they would readily inflict on their corporations. Why? Because in modern American corporate capitalism, the failure to meet quarterly numbers almost always guarantees a punishing hit to the corporation’s stock price.

And corporate managers’ own fortunes are tied to their companies’ share prices through bonuses, stock options and other incentives. The desire to make the financial sector happy often dwarves other imperatives; Mitchell calls it "short-termism" and suggests that making a company’s balance sheet look good quarter to quarter drives CEOs to sacrifice values like worker safety, environmental protection and other social goods.

http://www.alternet.org/workplace/112166/let_the_banks_fail%3A_why_a_few_of_the_financial_giants_should_crash_/?page=entire
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baldguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-15-08 09:43 PM
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3. Labor is the source of wealth.
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