Andersen profit-sharing at 6.5 percen...

Andersen profit-sharing at 6.5 percent - a year ago it was 22.5

There are 23 comments on the TwinCities.com story from Jan 14, 2009, titled Andersen profit-sharing at 6.5 percent - a year ago it was 22.5. In it, TwinCities.com reports that:

What a difference a year makes. Andersen Corp. employees last year received profit-sharing checks equal to 22.5 percent of their 2007 salaries.

Join the discussion below, or Read more at TwinCities.com.

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“Your average every day dude!”

Since: Jan 09

United States

#1 Jan 14, 2009
So what kind of bonus did the CEO and his 15 VP's get? Not that it really matters.....
Tybalt

Clinton, WI

#2 Jan 14, 2009
are you ready for the Obama Recession?
Fan

Hopkins, MN

#3 Jan 14, 2009
Can't be any worse than the Bush depression which is where we are at right now.

“Watching the Lemming parade”

Since: Apr 08

St Paul

#4 Jan 14, 2009
D N Duck wrote:
So what kind of bonus did the CEO and his 15 VP's get? Not that it really matters.....
Not that it does matter? So then why ask?

Here we have a clear example that maybe, juuuust maybe all those dastardly corperations and CEO (The new "F" word mind you) are not what so many would just LOVE to make them out to be. You know, that whole attitude that corperate and CEO greed represents all that is evil in the country. Yet I bet you wouldnt hear ONE employee of any of the mentioned corperations complaining. Even with what they recieved this year.

But we still just cant resist in asking the above question? So is it REALLy the CEO's and corperations with the problem? Or is it a tad bit of jealousy?
Peter

Houston, TX

#5 Jan 14, 2009
Super Wayne wrote:
<quoted text>
Not that it does matter? So then why ask?
Here we have a clear example that maybe, juuuust maybe all those dastardly corperations and CEO (The new "F" word mind you) are not what so many would just LOVE to make them out to be. You know, that whole attitude that corperate and CEO greed represents all that is evil in the country. Yet I bet you wouldnt hear ONE employee of any of the mentioned corperations complaining. Even with what they recieved this year.
But we still just cant resist in asking the above question? So is it REALLy the CEO's and corperations with the problem? Or is it a tad bit of jealousy?
Steve Jobs announced after the close today that's leaving Apple for a time for health reasons. The stock lost about $6 billion in value on the news! Shocking, because if I listen to liberals, that can't happen. Why, he can't be worth more than the janitor. So, what should a guy get paid whose simple departure tanks a stock? Jealousy? Yep, with some ignorance on the side.
tcp

Bellevue, NE

#6 Jan 14, 2009
that's 6.5% better than my bonus
You Sir

Uniontown, PA

#7 Jan 15, 2009
I wonder how much money has been paid out in bonuses the last 20 years? Some simple math...They just laid off/eliminated 450 of about what, 6000 jobs?? and let's just say 40k/year- that's 1.15 billion dollars in bonus money. A portion of that should have been invested in producing better product!!
byebye America

Saint Paul, MN

#8 Jan 15, 2009
Instead of eliminating jobs why not eliminate profit sharing till the company gets back on it's feet and can make enough "profit" to share w/ it's employees.

Don't even get me going about companies, shareholders and their precious quarterly dividends ><
tcp

Bellevue, NE

#9 Jan 15, 2009
who gave me the mean mark? being from that area, I know that Anderson Windows is a coveted job, and you have to know someone to get it. Nepotism is the rule. if the workers don't like the 6.5%, they can go elsewhere, many places don't gave bonuses though, so they will like that less.
too bad

Saint Paul, MN

#10 Jan 15, 2009
Oh well at least I don't have to hear Anderson employees brag about their big bonus they always get this year...... they should be happy they are even getting a bonus.....

“Noses run and feet smell”

Since: Dec 08

Compton CA

#11 Jan 15, 2009
hey they made a profit. dont complain. the majority of everyone else in the state suffered a loss. you got 6.5% more than a lot of people
Tired of it all

South Saint Paul, MN

#12 Jan 15, 2009
byebye America wrote:
Instead of eliminating jobs why not eliminate profit sharing till the company gets back on it's feet and can make enough "profit" to share w/ it's employees.
Don't even get me going about companies, shareholders and their precious quarterly dividends ><
Maybe when they made a thousand windows a year they needed 100 folks to do it. Now they only have orders for 800 windows, so they get rid of 20 folks. Is that a hard concept? Or should they have the other 20 come in and sit in the break room and drink coffee. There is no work or need for them. Why pay them?

You want to keep them around pretty soon the entire company is losing money, and folds. Then all the folks have no job. That better?

This isn't a government job. They really need to work within budget and make a profit. Or the doors close. Or I guess like Wall street they ask for a bailout and us taxpayers keep a failing business afloat.
Dicky

Saint Paul, MN

#13 Jan 15, 2009
Peter wrote:
<quoted text>
Steve Jobs announced after the close today that's leaving Apple for a time for health reasons. The stock lost about $6 billion in value on the news! Shocking, because if I listen to liberals, that can't happen. Why, he can't be worth more than the janitor. So, what should a guy get paid whose simple departure tanks a stock? Jealousy? Yep, with some ignorance on the side.
Typical market overreaction. Yes, CEOs (at least the good ones) provide leadership and direction to a company and deserve to be paid accordingly. While we both agree that they should be paid more than the janitor, should they be receiving 364 times the average salary worker?
Dicky

Saint Paul, MN

#14 Jan 15, 2009
Also, Steve Jobs is one of the exceptions. His annual salary is $1.
Bubba

Saint Paul, MN

#15 Jan 15, 2009
Sorry to all of the ex-Andersen employees that were recently laid off. This might be a tough pill to swallow.

Please don't forget that Andersen is sending millions of dollars off-shore to Indian consulting firms for various projects. It would be interesting to find out if they cut their Indian ties and kept more jobs in the USA if they would have been even more profitable. Andersen has become more un-family like to its employees and the community as a whole over the last several years. It's sad.

Congrats to the employees that did receive profit sharing - wish it would have been higher - who knows, it probably could have been.
Marv N Window

Walker, MN

#16 Jan 15, 2009
What a slap in the face! 6.5%! They should tear the check up, throw it in their supervisor's face, and go work for someone who will appreciate them.
I Get No Respect

Walker, MN

#17 Jan 15, 2009
Where I work, "bonus" is when payroll gets my check right, and "profit sharing" is when my boss brags about his salary.
Peter

Houston, TX

#18 Jan 15, 2009
Dicky wrote:
<quoted text>
Typical market overreaction. Yes, CEOs (at least the good ones) provide leadership and direction to a company and deserve to be paid accordingly. While we both agree that they should be paid more than the janitor, should they be receiving 364 times the average salary worker?
But isn't what a company pays an employee a matter that's between the company and the employee, even if the employee is the CEO? If the shareholders are good with it, I'm not sure why people that aren't shareholders or even employees have much of a complaint. But they sure do.
Former AW

Somerset, WI

#19 Jan 15, 2009
Check out this site -

www.andergoons.com
get out 24

New Richmond, WI

#20 Jan 16, 2009
AW profit sharing is just that "Sharing". The Andersen corp is a private corporation and the Andersen family has made it a practice to share their profits with those that have helped their comapany be sucessful! That was the intenent and the past. Jobs at AW are no longer coveted they no longer have people waiting outside the door to get in and nepotism is a practice of the distant past. It is no longer a family organization it is an enterprise that owns multiple companies. It is a corporation and is run like a publicly traded company. The past is the past and its time for the future. Core values that founded the company no longer exist and its time for the Andersen family to sell out making the company a publicly traded company since it's currently being run like one. They will get their millions and continue to concentrate on philanthropy since that is where they currently concetrate their efforts.

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