General Discussion
In reply to the discussion: From an Ex CEO: Why John Schnatter's comments about a 20 cents add on are laughable. [View all]calimary
(81,265 posts)It makes total sense. What good is it to nickel and dime your employees and your customer base - if you wind up undermining all of it? I have been fascinated, morbidly fascinated - ever since reagan - how cheaping out on wages and benefits to save a buck is penny-wise and pound-foolish.
That's all reagan ever was about. Saving a buck here with NO thought about the ramifications of cheaping out farther down the road over there. There never seemed to be any serious longterm analysis or concern. Henry Ford wanted his employees to be paid more so they could afford to buy his cars! Enlightened self-interest. Henry Ford clearly didn't think it was worth chiseling his employees pay or benefits to save himself a quick buck on the short term. What happens when their buying power decreases? Eventually he himself is a huge loser. romney and bain and friends all looked for the quick buck on the short term. Never mind the longterm consequences of their vulture orgies - that got THEM some goodies in the short term, and then they just bail out fast with those short-term profits and leave the wreckage behind for the victims they robbed to sift through.
Maybe it's just mis-named. It shouldn't be Bain Capital. It should be BAIL Capital. 'Cause they bail out with all the goodies just before disaster strikes. It's as though they board the crowded plane. Then once inside, they start stripping it, out from under the other people onboard. They strip the seat belts and padded seats, the electronics and wiring throughout the passenger compartment, all the instruments in the cockpit, and all the parachutes. Then, when the plane is permanently and fatally disabled, they strap on those parachutes and bail out - to safety. The plane, now stripped of all its critical components and thus rendered uncontrollable and unable to stay aloft, crashes, taking everyone else aboard down to their deaths.