Post
by tedebare » Mon Sep 25, 2006 3:14 pm
A corporation sole purpose on this planet is to make money for the share holders. Doesn't say HOW much money the corps are supposed to make. With that in mind, the corporate powers that be decide on what the OFFICERS should make. If those powers decide that cost cutting is necessary to protect the bottom line, they don't take a cut in salary. They pass it on down the line to the WORKERS, saying that pay/benefit cuts are necessary to protect the BOTTOMLINE of the corporation. Corporations are legal entities created by law. They have no soul. Their purpose is to MAKE MONEY;therefore, they don't care about anything except money. In the 50/60's era, they promised everyone that, if you worked hard for the corp., you would be set for life.
Now, going to a world economy, they are doing everything possible to protect the bottom line,i.e. the money. They use bankruptcy as a tool to make money, while all the people who worked hard for them are finding their benefits cut, to protect the bottom line. It's sad, and I think things are just going to get worse........
Just check the salaries of the corporate big wigs. One million, ten million, the salaries will remain the same, regardless of the bottom line, it's deductible.......