Corporate greed continues

Corporate greed continues

There are 34 comments on the Lake County Record-Bee story from Jun 28, 2010, titled Corporate greed continues. In it, Lake County Record-Bee reports that:

I couldn't believe my eyes when I read in the newspaper that Whirlpool Corporation is closing its plant in Evansville, Ind., eliminating 1,100 jobs.

Join the discussion below, or Read more at Lake County Record-Bee.

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Provocateur

Half Moon Bay, CA

#42 Jul 1, 2010
The only difference between the Republican and Democratic parties is the velocities with which their knees hit the floor when corporations knock on their door. That's the only difference.
Ralph Nader
Provocateur

Half Moon Bay, CA

#43 Jul 1, 2010
• Exxon Mobile made billions in profits, and yet paid not one dime in federal income taxes in 2009.
• The 2005 energy bill had a little known provision, commonly called the Halliburton Loophole, which exempted natural gas drilling from the Clean Water Act. The result? Water so contaminated that you can light it on fire.
• Massey Energy was cited more than 2400 times for safety violations in their mines, but chose not to fix potentially lethal problems because watered-down penalties meant it was cheaper to simply keep paying the fines. This spring, 29 miners were killed in an underground explosion at a Massey mine in West Virginia.
• Michael Taylor was the FDA official who approved the use of Monsanto's Bovine Growth Hormone in dairy cows (even though it's banned in most countries and linked to cancer). After approving it, he left the FDA--to work for Monsanto. Until last year, when he moved back to the government--as President Obama's "Food Safety Czar." No joke.
• Internal Toyota documents outlines how the company was successful in limiting regulators actions in the recalls last year--saving themselves hundreds of million while the death toll continued to climb.
• GE and it's lobbyists - including 33 former government employees - have successfully lobbied Congress to override Defense Department requests to cancel a GE contract to work on a new engine for the strike fighter jet. GE will need $2.9 billion to finish the project.
• Top executives at 9 top banks including Citibank, Bank of America, Goldman Sachs, and Morgan Stanley paid themselves over $20 billion dollars in bonuses just weeks after tax payers bailed them out to the tune of 700 billion dollars.
• During the waning days of the Bush administration officials responded to a long-term lobbying campaign by pre-empting product liability lawsuits for dozens of whole industries. They bypassed congress entirely and rewrote rules ranging from seatbelt manufacturing regulations to prescription drug safety.
• Sunscreen manufacturers including Johnson & Johnson and Schering-Plough, in the interest of profits, are opposing an FDA proposal requiring full reporting on sunscreen labels. The New York Times just confirmed that current SPF ratings don't even measure sun rays that cause cancer.
• BP—a company with a record of 760 drilling safety and environmental violations—was granted safety waivers in order to operate the deepwater drilling rig that ultimately created the worst environmental disaster in US history.
slick

Lebanon, OR

#44 Jul 1, 2010
somebody deleted my poll for lowell and adrian to put on the gloves.
one of you guys did it. put them gloves on and settle it like men. hell i would drive the 320 miles and pay for a ticket.winner takes all

Since: Nov 08

Sunnyvale, CA

#45 Jul 2, 2010
I also put up a post here and it vanished. Dagwood is playing dirty.
slick

Lebanon, OR

#46 Jul 2, 2010
does he work for record bee?
Immoral Degenerate

United States

#47 Jul 6, 2010
Another corporate leak.
Unionize

Eddyville, KY

#48 Jul 9, 2010
The President has signed Executive Orders that can require businesses that want to contract with the federal government to unionize. And his appointed Secretary of Labor (a former executive with the Service Employees International Union-SEIU) has written rules to make it standard practice.
Provocateur

United States

#49 Jul 9, 2010
Didn't you know Rupert Murdoch himself reads and removes all the flagged posts.
Lowell Grant

Richmond, CA

#50 Jul 9, 2010
From today's news regarding CVS pay for their CEO and a few others vs. the average employee at each...It used to be considered obscene to earn more than 20x the average worker's pay for the boss, check out these #s and ask yourself if one person can be worth it...

CVS Caremark (CVS)
Thomas M. Ryan:$30.4 million (2009 Compensation)
Starting Cashier:$8/hour,$20,800/year
One CEO = 1,461 entry-level employees

AT&T (T)
Randall Stephenson:$29.2 million (2009 Compensation)
Starting Sales Associate:$10/hour,$26,000/yea r
One CEO = 1,123 entry-level employees

The Walt Disney Co.(DIS)
Robert Iger:$29 million (2009 Compensation)
Disneyland Hotel Housekeeper:$10/hour,$26,000/y ear
One CEO = 1,115 entry-level employees

McDonald's (MCD)
James A. Skinner:$17.6 million (2009 Compensation)
Starting Cashier:$7.25/hour,$18,850/yea r
One CEO = 933 entry-level employees

Target (TGT)
Gregg W. Steinhafel:$16.1 million (2009 Compensation)
Starting Cashier:$8.50/hour,$22,100/yea r
One CEO = 728 entry-level employees

Cablevision (CVC)
Founder and Chairman Charles F. Dolan:$15 million (2009 Compensation)
James L. Dolan:$17 million (2009 Compensation)
Customer Service Representative:$13/hour,$33,80 0/year
One CEO = 505 entry-level employees

BTW...Carly Fiorina laid off over 38,000 Americans and sent those jobs overseas (what she proudly calls "right shoring" instead of "offshoring" and this saved HP $120 million. She took a 291% pay increase and was compensated $90 million for herself while doing it!!!!
Provocateur

United States

#51 Jul 10, 2010
It's the corporate way.
sinbad

Evansville, IN

#52 Nov 6, 2010
Dusty's Adult Used Toys
Owner:$8/hour,$20,800/year
Employee:$8/hour (free trial use of adult toys),$20,800/year
Lowell Grant wrote:
From today's news regarding CVS pay for their CEO and a few others vs. the average employee at each...It used to be considered obscene to earn more than 20x the average worker's pay for the boss, check out these #s and ask yourself if one person can be worth it...
CVS Caremark (CVS)
Thomas M. Ryan:$30.4 million (2009 Compensation)
Starting Cashier:$8/hour,$20,800/year
One CEO = 1,461 entry-level employees
AT&T (T)
Randall Stephenson:$29.2 million (2009 Compensation)
Starting Sales Associate:$10/hour,$26,000/yea r
One CEO = 1,123 entry-level employees
The Walt Disney Co.(DIS)
Robert Iger:$29 million (2009 Compensation)
Disneyland Hotel Housekeeper:$10/hour,$26,000/y ear
One CEO = 1,115 entry-level employees
McDonald's (MCD)
James A. Skinner:$17.6 million (2009 Compensation)
Starting Cashier:$7.25/hour,$18,850/yea r
One CEO = 933 entry-level employees
Target (TGT)
Gregg W. Steinhafel:$16.1 million (2009 Compensation)
Starting Cashier:$8.50/hour,$22,100/yea r
One CEO = 728 entry-level employees
Cablevision (CVC)
Founder and Chairman Charles F. Dolan:$15 million (2009 Compensation)
James L. Dolan:$17 million (2009 Compensation)
Customer Service Representative:$13/hour,$33,80 0/year
One CEO = 505 entry-level employees
BTW...Carly Fiorina laid off over 38,000 Americans and sent those jobs overseas (what she proudly calls "right shoring" instead of "offshoring" and this saved HP $120 million. She took a 291% pay increase and was compensated $90 million for herself while doing it!!!!
Troy

San Francisco, CA

#53 Nov 7, 2010
I'm curious...when arguing the pay for a CEO, is it righteous indignation or class warfare and envy that drives most folks? My CEO gets paid one helluva lot more than me too. Ticks me off.
common sense

Clearlake, CA

#54 Nov 7, 2010
Corporations operate under the premise that the people to whom they are held accountable (the shareholders) must receive a fair return for their investment. And if they do not perform, or if I do not like the return, I can show my displeasure and invest somewhere else. It works for me as I like the idea of accountability.

If only our government(s) would return something other than excuses, bad news, and incompetence in return for our ever rising investment of taxes.
Ishmael

Tully, NY

#55 Jul 10, 2011
My new oven is dead again. Read about it here:

http://www.topix.com/forum/city/benton-harbor...

Why was my oven made in Mexico? Nobody in Michigan know how to make a freaking oven?
Mexico makes mexicans, not ovens. Next time I buy an oven it's coming from Japan.

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