Employers cut 80,000 jobs in March

1fitspirit

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"WASHINGTON - Employers buffeted by talk of recession slashed 80,000 jobs in March, the most in five years and the third straight month of losses.

At the same time, the national unemployment rate rose from 4.8 percent to 5.1 percent, the clearest signal yet that the economy might already be shrinking."

Getting ugly...
 

easymoney

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Too bad they haven't slashed twice those numbers from top management and administration...
 

Sasquatch619

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Cutting 80,000 jobs while the CEOs make atrocious amounts of money. Got to love the greed driven bureaucracies.
 

rcrosby

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<div class='quotetop'>QUOTE (Sasquatch619 @ Apr 4 2008, 05:18 PM) <{POST_SNAPBACK}></div>
Cutting 80,000 jobs while the CEOs make atrocious amounts of money. Got to love the greed driven bureaucracies.
[/b]

How much do you think the a CEO should make that isn't atrocious? What if what you think would be fair still seems atrocious to someone who can't even afford internet connection? Do you think there should be regulations that limit what private business play should pay CEO's? What will be the limit? Who will decide? What will happens when there is no aspiration to be a CEO when being a clerk or a dish boy would be just as good? If you think CEO's make to much don't own their stock or don't use their product or better yet become a CEO?
 

foulshot

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No link???????

How many of those cuts are retirees? Maybe they were just jobs Americans wouldn't do? After all they don't have to report illegals.....
 

Sasquatch619

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<div class='quotetop'>QUOTE (rcrosby @ Apr 4 2008, 05:24 PM) <{POST_SNAPBACK}></div>
<div class='quotetop'>QUOTE (Sasquatch619 @ Apr 4 2008, 05:18 PM) <{POST_SNAPBACK}>
Cutting 80,000 jobs while the CEOs make atrocious amounts of money. Got to love the greed driven bureaucracies.
[/b]

How much do you think the a CEO should make that isn't atrocious? What if what you think would be fair still seems atrocious to someone who can't even afford internet connection? Do you think there should be regulations that limit what private business play should pay CEO's? What will be the limit? Who will decide? What will happens when there is no aspiration to be a CEO when being a clerk or a dish boy would be just as good? If you think CEO's make to much don't own their stock or don't use their product or better yet become a CEO?
[/b][/quote]

No, there shouldnt be Gov't regulations set on salaries. The CEOs should use their best judgement as far as what they think they deserve as opposed to how much they can get their hands on. For example, Lee Raymond from Exxon, is receiving a 400 million dollar retirement package.

Link 1

link
 

rcrosby

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<div class='quotetop'>QUOTE (Sasquatch619 @ Apr 5 2008, 08:22 PM) <{POST_SNAPBACK}></div>
No, there shouldnt be Gov't regulations set on salaries. The CEOs should use their best judgement as far as what they think they deserve as opposed to how much they can get their hands on. For example, Lee Raymond from Exxon, is receiving a 400 million dollar retirement package.[/b]
So what is your point? XOM has annual revenue of $361,700,000,000 or $361.7 billion or $361,700,000 million (thats millions millions) and annual profit of $1,700,000,000. $400 million is less that .10 of 1% of .001 of 361.7 billion. Sounds like Exxon got off pretty cheap. If Mr. Raymond was the kind of guy who would settle for less than $400 million for the good of society/company/workers/country/fill in the blank he wouldn't be the type of guy who could run a company worth $474 billion.

Key Statistic for Exxon XOM
 

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