On 11/10/2019 10:29 AM, Ralph Mowery wrote:
In article ,
says...

If you look at the history of the 'giants' around the start
of the century you can see how they sort of stole the
millions then which would convet to billions now.

Even the most flagrant monopolistic practices arent really stealing.




If the following hapened to you would you call it stealing or just good
business practice.


I keep harping on this.

I worked for a large company. The Kochs bought it. Changed the
retirement. When I first started , the retirement rule was you could
retire anytime after 55 years old. The company would pay 80 % of your
insurance and you would get 100 % of your retirement.

Koch bought it. Recended the 55 age, you had to be 62 to start getting
your reirement money and no medical insurance. Another company bought
the company. The then proceeded to change the retirement and cut out 2
weeks of vacation for those that had been there over 20 years and had
been getting 6 weeks of vacation. In all, I had to work an extra 2
years from my planning and even at that it cost me $ 500 a month in
retirement money.

I say they stole 2 years of my life and $ 500 a month.


There are villains of the corporate world. I had to retire early when
the company started going down the drain. Got reduced pension with
medical insurance but later they made us retirees pay half of any
increase. Retirement papers guaranteed pension but had no mention of
health care. A lot of employers have done this and been sued but win.

If you work and retire from the company now there is no pension and no
health insurance. I think you are better off because more is put in
your 401k and when you are retired you alone are responsible for your
welfare. Problem would be people that spend these savings before they
retire.