Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work.

 
 
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Default Business as usual

Well, the businessmen are at it again. It was reported today on
Moneytalk that business executives are slated to receive more money in
executive compensation than they are going to spend to fund employee
pensions. This includes executives from companies receiving bailout
money from the federal government. Many of these companies, especially
the financials, have made a lot of money this year since the stock
market hit its lows in March. As a result a lot of executives plan to
get huge bonuses, bigger in fact than they got last year. So as the
country sees jobs go bye bye, and average people got a lot poorer, big
shot executives are slated to rake in billions. Meanwhile, they are
putting less money than they are going to receive in bonuses into the
pension plans for the companies' employees. These pension plans are
already underfunded by 200 billion. So there you have it. You wonder why
things are screwed up in this country? Look at our businesses and look
at the top. You'll see why. They live like kings and make more money
than ever as the rank and file American suffers. You have to love
capitalism. At least if you're an executive... or a republican.


Hawke
 
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