On Mon, 14 Mar 2005 11:00:52 -0500, Buck wrote:
Instead of profit sharing, union workers want higher wages.

Hi Buck,

[not specifically to you, but in the tenor of a St. Helens steam vent]

One has to ask where's the profit to share when the CEO is raping the
shareholder? Look at the trial of Bernie Ebbers and the Legally
Blonde Defense that is becoming the rage along Wall Street:

"I don't, to this day, know technology. I don't know finance and
accounting.

"The closest thing I've ever had to an accounting course is a
preliminary course in economics."

In school, it appears he shopped around for a degree because, as he
admits:
"...my marks weren't too good."

In his defense, associates would comment:

"...when it came to the numbers. He didn't understand them."

"...anytime we got too far into the details, you could tell we
were speaking right past him."

Bernie is not unique. The Titans of industry are all quite willing to
step up to the plate and buckle at the knees to declare they are not
fit to understand their industry, but that they were hired to be life
skills coaches. Talk about gutless. These are the Monoliths of
commerce that have plowed the auto industry into their wallets to
leave rust behind.

There several hundred major companies that have restated their gains
into losses. Every one of these companies paid bonuses for phony
performance, bonuses their Boardroom buddies have absolutely refused
to recapture in light of fraud and mismanagement. Talk about gutless.

What unions have failed to do is to become shareholders and members of
the Board in lieu of assured contracts. Talk about gutless.

No one ever speaks of guts and government in the same breath.
Confirming this, the American way of life is now slipping beneath the
waves of international inflation. The Dollar is still dropping to the
subdued cheer of the administration. They are talking about doubling
the social security loss to support two systems, with each clipped
back to "save costs."

We live in a $20 TRILLION dollar economy, with the total tax bite of
$3.5 TRILLION and across the board americans (deservedly lower case)
are whining about having the burden of a 17.5% rate. I am quite sure
most of you reading this are sure you pay far more. But how motivated
are you to demand what is simply average? How many are motivated with
profit sharing to pay a necessary share to really invest in America?
Talk about gutless.

73's
Richard Clark, KB7QHC

Hi,

Just look at Walt Disney Co. Eisner is leaving but not fast enough,
he has 900 million is disney shares, while the state of NC pension plan
only holds 90 million worth of stock.

Look at HOme Depot, ceo/pres. nardelli (ge ceo reject!)
24 million salary, 10 million in 'forgiven loans' hires friends
mega million dollar salary fance cars for everyone !



One has to ask where's the profit to share when the CEO is raping the
shareholder? Look at the trial of Bernie Ebbers and the Legally
Blonde Defense that is becoming the rage along Wall Street:

Just look at Walt Disney Co. Eisner is leaving but not fast enough,
he has 900 million is disney shares, while the state of NC pension plan
only holds 90 million worth of stock.


Just for clarity, I want to point out that Disney, (and all the other
businesses you cited), are money making propositions. The State of NC is
a money spending organization, not money making. Quite a difference.


Ed