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.


You may be 100% right. Or not. What we don't know is what would happen
if the company was not sold? If the plan and benefits you had were
sustainable for years, then yes, you got screwed. OTOH, if the company
would have incurred a lot of loss and potentially went out of business,
they you got some partial salvation.