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HP to Cut 25,000 Jobs, most in the USA
Mike wrote:
"Calif Bill" wrote in message m... "wf3h" wrote in message ... On Sep 15, 8:17 pm, A Boater wrote: UPDATE 3-HP to cut 24,600 jobs; to take $1.7 bln EDS charge Mon Sep 15, 2008 8:13pm EDT (Adds CFO comments on financial outlook; updates stock move) By Eric Auchard REuters SAN FRANCISCO, Sept 15 (Reuters) - Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) plans to cut 7.5 percent of its work force, or 24,600 jobs, seeking to realize savings from its recent acquisition of Electronic Data Systems Corp, the company said on Monday. gee. let me sing the standard GOP song. these 25,000 people were lazy. they were failures. no wonder they deserved to be fired. it has NOTHING to do with the WONDERFUL ability of corporate management to run the business. it's all their fault. they are, after all, middle class...that is, in and of itself, proof of their incompetence. HP bought EDS. There are lots of redundant positions. Happens all the time when two companies merge. If they needed the 25k people they would keep them. They fire people just because they want to? Idiot! Yeah... people like that are idiots. My wife's company hase been bought 3 times in the last 6 years. Luckily, her position was one of the reasons her company was purchased and she was lucky. At each sale, many redundant positions were eliminated. Unfortunately, that's what happens. Now she's with EMC...much closer to the top of the food chain. Hey Mike, what company was your wife with that was gobbled by the big EMC monster? Bert |
HP to Cut 25,000 Jobs, most in the USA
On Sep 16, 1:29*am, "Calif Bill" wrote:
"wf3h" wrote in message ... On Sep 15, 10:37 pm, "Calif Bill" wrote: "wf3h" wrote in message gee. let me sing the standard GOP song. these 25,000 people were lazy. they were failures. no wonder they deserved to be fired. it has NOTHING to do with the WONDERFUL ability of corporate management to run the business. it's all their fault. they are, after all, middle class...that is, in and of itself, proof of their incompetence. HP bought EDS. There are lots of redundant positions. Happens all the time when two companies merge. If they needed the 25k people they would keep them. They fire people just because they want to? Idiot! puppet. doesn't do much for the standard party song that, if you work hard, you'll have a good, secure job, does it? unless, of course, you're a CEO Where does it state you get a job for life? *CEO's get canned also. ah, yes, they do. of course, when a middle class person, with family, children and a home gets laid off she get unemployment the CEO gets a $40M golden parachute, free health care, servants and a free house. you're right; i feel sorry for them. |
HP to Cut 25,000 Jobs, most in the USA
wf3h wrote:
On Sep 16, 1:29 am, "Calif Bill" wrote: "wf3h" wrote in message ... On Sep 15, 10:37 pm, "Calif Bill" wrote: "wf3h" wrote in message gee. let me sing the standard GOP song. these 25,000 people were lazy. they were failures. no wonder they deserved to be fired. it has NOTHING to do with the WONDERFUL ability of corporate management to run the business. it's all their fault. they are, after all, middle class...that is, in and of itself, proof of their incompetence. HP bought EDS. There are lots of redundant positions. Happens all the time when two companies merge. If they needed the 25k people they would keep them. They fire people just because they want to? Idiot! puppet. doesn't do much for the standard party song that, if you work hard, you'll have a good, secure job, does it? unless, of course, you're a CEO Where does it state you get a job for life? CEO's get canned also. ah, yes, they do. of course, when a middle class person, with family, children and a home gets laid off she get unemployment the CEO gets a $40M golden parachute, free health care, servants and a free house. you're right; i feel sorry for them. We do a great job in this country of discarding workers by the side of the road. |
HP to Cut 25,000 Jobs, most in the USA
On Sep 16, 2:28*am, "Calif Bill" wrote:
"Mike" wrote in message ... there is no easter bunny... As long as Santa is safe, I'm cool.... Join the rest of the morons... plonk --Mike "wf3h" wrote in message .... On Sep 15, 10:44 pm, "Mike" wrote: just because they want to? Idiot! Yeah... people like that are idiots. My wife's company hase been bought 3 times in the last 6 years. Luckily, her position was one of the reasons her company was purchased and she was lucky. At each sale, many redundant positions were eliminated. Unfortunately, that's what happens. Now she's with EMC...much closer to the top of the food chain. i admire your simple, childlike faith. and i don't want to shock you but.... there is no easter bunny... Did wf3h kill him / her? *Another point not in his favor.- Hide quoted text - - Show quoted text - That *******....... |
HP to Cut 25,000 Jobs, most in the USA
"wf3h" wrote in message ... On Sep 16, 1:29 am, "Calif Bill" wrote: "wf3h" wrote in message ... On Sep 15, 10:37 pm, "Calif Bill" wrote: "wf3h" wrote in message gee. let me sing the standard GOP song. these 25,000 people were lazy. they were failures. no wonder they deserved to be fired. it has NOTHING to do with the WONDERFUL ability of corporate management to run the business. it's all their fault. they are, after all, middle class...that is, in and of itself, proof of their incompetence. HP bought EDS. There are lots of redundant positions. Happens all the time when two companies merge. If they needed the 25k people they would keep them. They fire people just because they want to? Idiot! puppet. doesn't do much for the standard party song that, if you work hard, you'll have a good, secure job, does it? unless, of course, you're a CEO Where does it state you get a job for life? CEO's get canned also. ah, yes, they do. of course, when a middle class person, with family, children and a home gets laid off she get unemployment the CEO gets a $40M golden parachute, free health care, servants and a free house. you're right; i feel sorry for them. Jealous? Not all get a golden parachute. |
HP to Cut 25,000 Jobs, most in the USA
"Calif Bill" wrote in message m... "wf3h" wrote in message ... the CEO gets a $40M golden parachute, free health care, servants and a free house. you're right; i feel sorry for them. Jealous? Not all get a golden parachute. Of course they all don't, but in some circles perpetuating that kind of spin keeps the myth going and the mud flying. They also don't seem to realize that whatever perks, golden parachutes, pay, bonuses, etc. are negotiated up front as part of the CEO's employment contract. Critics should be focusing their outrage on the people (usually the Board of Directors) who approve these contracts, not the people that get them. But, guess who the Board of Directors work for? The stockholders. So, it comes full circle. I'd love to see certain people refuse a job contract like that, in the far fetched concept that it would ever be offered to them. EIsboch |
HP to Cut 25,000 Jobs, most in the USA
On Sep 16, 9:58*pm, "Eisboch" wrote:
"Calif Bill" wrote in message m... "wf3h" wrote in message ... the CEO gets a $40M golden parachute, free health care, servants and a free house. you're right; i feel sorry for them. Jealous? *Not all get a golden parachute. Of course they all don't, but in some circles perpetuating that kind of spin keeps the myth going and the mud flying. They also don't seem to realize that whatever perks, golden parachutes, pay, bonuses, etc. are negotiated up front as part of the CEO's employment contract. * Critics should be focusing their outrage on the people (usually the Board of Directors) who approve these contracts, not the people that get them. *But, guess who the Board of Directors work for? *The stockholders. So, it comes full circle. I'd love to see certain people refuse a job contract like that, in the far fetched concept that it would ever be offered to them. EIsboch That makes it right? Pure bull. |
HP to Cut 25,000 Jobs, most in the USA
Eisboch wrote:
"Calif Bill" wrote in message m... "wf3h" wrote in message ... the CEO gets a $40M golden parachute, free health care, servants and a free house. you're right; i feel sorry for them. Jealous? Not all get a golden parachute. Of course they all don't, but in some circles perpetuating that kind of spin keeps the myth going and the mud flying. They also don't seem to realize that whatever perks, golden parachutes, pay, bonuses, etc. are negotiated up front as part of the CEO's employment contract. Critics should be focusing their outrage on the people (usually the Board of Directors) who approve these contracts, not the people that get them. But, guess who the Board of Directors work for? The stockholders. So, it comes full circle. I'd love to see certain people refuse a job contract like that, in the far fetched concept that it would ever be offered to them. EIsboch Those comp packages are just symptoms of the disease of greed that has infected corporate culture and is part and parcel of the current wall street meltdown. I wouldn't have bailed out AIG with taxpayer money. Why the hell should I give a damn if AIG's shareholders lose their shirts on a badly run company. The shareholders should have bailed a long time ago. My taxdollars should be spent to buy that company time to liquidate? The company should have been busted up, with its insurance assets and policies divided among other insurance companies, with the actual working employees following the business along to the new companies, or being offered reasonable severance and retraining programs. The execs who guided the company into the grave should have been given two weeks to clear out their desks. It's amazing how capitalistic corporations are until they want or need socialism. |
HP to Cut 25,000 Jobs, most in the USA
"JimH" wrote in message ... On Sep 16, 9:58 pm, "Eisboch" wrote: "Calif Bill" wrote in message m... "wf3h" wrote in message ... the CEO gets a $40M golden parachute, free health care, servants and a free house. you're right; i feel sorry for them. Jealous? Not all get a golden parachute. Of course they all don't, but in some circles perpetuating that kind of spin keeps the myth going and the mud flying. They also don't seem to realize that whatever perks, golden parachutes, pay, bonuses, etc. are negotiated up front as part of the CEO's employment contract. Critics should be focusing their outrage on the people (usually the Board of Directors) who approve these contracts, not the people that get them. But, guess who the Board of Directors work for? The stockholders. So, it comes full circle. I'd love to see certain people refuse a job contract like that, in the far fetched concept that it would ever be offered to them. EIsboch That makes it right? Pure bull. Who said it is right. If someone offered you a job and said if they have to fire you for most any reason, They will give you $50 million, you would turn down the contract, and say nope? Unemployment is enough for me. Ha! Part of the problem is the SEC who does not really protect the stockholder via some of the voting rights, and the huge State Pension Funds and mutual funds who do not toss a BOD of 2 when they offer these packages. Would end the practice quickly. |
HP to Cut 25,000 Jobs, most in the USA
"A Boater" wrote in message . .. Eisboch wrote: "Calif Bill" wrote in message m... "wf3h" wrote in message ... the CEO gets a $40M golden parachute, free health care, servants and a free house. you're right; i feel sorry for them. Jealous? Not all get a golden parachute. Of course they all don't, but in some circles perpetuating that kind of spin keeps the myth going and the mud flying. They also don't seem to realize that whatever perks, golden parachutes, pay, bonuses, etc. are negotiated up front as part of the CEO's employment contract. Critics should be focusing their outrage on the people (usually the Board of Directors) who approve these contracts, not the people that get them. But, guess who the Board of Directors work for? The stockholders. So, it comes full circle. I'd love to see certain people refuse a job contract like that, in the far fetched concept that it would ever be offered to them. EIsboch Those comp packages are just symptoms of the disease of greed that has infected corporate culture and is part and parcel of the current wall street meltdown. I wouldn't have bailed out AIG with taxpayer money. Why the hell should I give a damn if AIG's shareholders lose their shirts on a badly run company. The shareholders should have bailed a long time ago. My taxdollars should be spent to buy that company time to liquidate? The company should have been busted up, with its insurance assets and policies divided among other insurance companies, with the actual working employees following the business along to the new companies, or being offered reasonable severance and retraining programs. The execs who guided the company into the grave should have been given two weeks to clear out their desks. It's amazing how capitalistic corporations are until they want or need socialism. They do not have an ASSET problem which would be a bankruptcy problem. They have a liquidity problem. With the meltdown, they can not do the ordinary business of selling assets to cover the operating money. Since the government is also getting warrants with the loan, We the people may make a bundle on AIG. Not the same with a lot of the other bailouts, like Fannie Mae, etc. |
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