|
![]() |
|
Make America Great Again
Join Date: Oct 2006
Location: Springpatch
Casino cash: $33532
|
Why are corporations doing so well as the economy struggles?
This is something I'd like to see your explanations on.
Corporations are recording record profits in 2012. Not good profits, record profits. And yet our economy struggles at a little under 3% growth and a high unemployment rate. Why, in your opinion, is the economy so bad yet businesses are doing so great? http://economix.blogs.nytimes.com/20...orate-profits/ Record Corporate Profits United States corporate profits reached a record high in the third quarter of this year, even adjusted for inflation, according to a report from the Bureau of Economic Analysis. By CATHERINE RAMPELL November 29, 2012, 3:00 pm ![]() The increase from the second quarter was entirely a result of stronger business at home. Profits received from American-owned businesses abroad fell slightly in the third quarter, which may not be surprising given the recession in Europe and the slowdown in China. Additionally, all of the growth in domestic corporate profits was accounted for by the financial sector. Domestic profits of financial corporations rose $71.3 billion in the third quarter, after falling $39.7 billion in the second. Domestic profits of nonfinancial corporations, on the other hand, decreased $1 billion in the third quarter, after rising $27.8 billion in the second quarter. ![]() |
Posts: 53,661
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#106 | |||||
In Search of a Life
Join Date: Aug 2008
Casino cash: $34597
|
Quote:
Quote:
Quote:
Quote:
Quote:
|
|||||
Posts: 31,184
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#107 |
Supporter
Join Date: Aug 2000
Location: Spink, SD
Casino cash: $23862
|
Why is this still being discussed?
Corporations that offer wanted products and services have the resources to cut during down times and still survive. Reducing their work forces, cutting benefits, stopping capital projects when their products and services are still needed will increase profits. It aint rocket science. |
Posts: 29,970
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#108 | |
In Search of a Life
Join Date: Aug 2008
Casino cash: $34597
|
Quote:
Because executives are serving their self interests instead of doing what's best for their corporation. And not even just a little bit. A lot. |
|
Posts: 31,184
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#109 | |
Supporter
Join Date: Aug 2000
Location: Spink, SD
Casino cash: $23862
|
Quote:
You seem to be arguing a different question. And to that, I'd say the vast majority of executives whose corporations are flourishing have the company interests ahead of their own. |
|
Posts: 29,970
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#110 | |
Seeking the Truth daily
Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $34409
|
Quote:
This is his issue. Cant argue his pov. He thinks CEOs get paid too much. Simple opinion, thats cool. Obviously the Board of Directors see it quite different.
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013 Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will." Come home to Jesus Dave. Come home. |
|
Posts: 41,616
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#111 |
No Keys, No Problem
Join Date: Sep 2000
Location: Denver
Casino cash: $13236
|
(Technology + Automation)innovation = jobless recovery
The economy is/has shed jobs it should have lost sometime ago. Business can reach more customers from the above with less overhead. Combine that with competing in a global market...man...people in the US will have to adjust. |
Posts: 26,152
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#112 | |
In Search of a Life
Join Date: Aug 2008
Casino cash: $34597
|
Quote:
Meanwhile, our American businesses are getting crushed by foreign competition. These profits aren't being driven by American industry. It's being heavily driven by financial services. Thank God for Google and Apple, or we'd be getting annihilated in tech too. Because those are companies that value innovation and an unbelievable environment of R&D and test/learn. I'm sorry. I get that companies have to cut expenses in a recession. But unless your business is one of the lowest cost in your industry, you have to win with value-add. If you're not going to offer the cheapest car, you sure as shit better find something about your car you can't find in a different car. The economy will never recover until we encourage innovation. That's not going to happen if the government punishes risk-takers, and it sure as shit isn't going to happen if executives hoard cash and try to boost their short-term paycheck at the expense of making their corporation competitive globally. |
|
Posts: 31,184
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#113 | |
In Search of a Life
Join Date: Aug 2008
Casino cash: $34597
|
Quote:
It's not that hard. If you give an executive a $5 million pay raise, what if you invested that into getting your technology up to global competition? What if you used that money to re-train your workers to adjust to the new economy? But no. We continue to defend executives who are increasingly selfishly lining their pockets while their corporation becomes less competitive. |
|
Posts: 31,184
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#114 |
Fall down 7 times, get up 8
Join Date: Aug 2000
Casino cash: $5000
|
__________________
How strangely will the Tools of a Tyrant pervert the plain Meaning of Words! Samuel Adams |
Posts: 15,467
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#115 | |
In Search of a Life
Join Date: Aug 2008
Casino cash: $34597
|
Quote:
|
|
Posts: 31,184
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#116 | |
Fall down 7 times, get up 8
Join Date: Aug 2000
Casino cash: $5000
|
Quote:
Corporations are not the Empire lead by a lightning bolt wielding old man with a hard breathing black masked thug crushing the American worker with his Force Choke. In 2008, more than 1000 major US registered companies filed Chapter 11. Most American corporations are struggling to show a profit, just like the American family. If people want to get angry about a corporation-like entity voting themselves huge bonuses while abusing the people who they represent - get pissed at your federal government. They are the ones spending money they don't have for stuff you don't want and taking more from you without your permission.
__________________
How strangely will the Tools of a Tyrant pervert the plain Meaning of Words! Samuel Adams |
|
Posts: 15,467
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#117 | |
In Search of a Life
Join Date: Aug 2008
Casino cash: $34597
|
Quote:
And don't feed me the government spending spiel. I am much more conservative than I am liberal and dislike a lot of government spending and intervention. I don't know why people act like you have to choose which one is right, corporations or government. Isn't it possible that BOTH are responsible for problems facing America? America used to be a global economic leader. We are losing our competitive edge. This doesn't represent a short-term problem. It's a long-term problem. Again, this is NOT a hard problem to grasp. Every extra dollar executives make could be going toward re-training and developing your employees, upgrading their technology, buying new plants, building a new retail location. People keep coming back with the excuse that CEOs aren't spending money because they're being conservative right now. B.S. They ARE spending money. They're spending it ON THEIR OWN SALARIES. |
|
Posts: 31,184
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#118 | |
Fall down 7 times, get up 8
Join Date: Aug 2000
Casino cash: $5000
|
Quote:
As far as corporations vs govt. You can control corporations immediately. You don't even need a bulletin board, just simply don't support the ones with which you disagree - pretty damned simple. Government on the other hand takes time (and usually a revolution). I am more concerned about a government I can't control than a corporation I can.
__________________
How strangely will the Tools of a Tyrant pervert the plain Meaning of Words! Samuel Adams |
|
Posts: 15,467
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#119 |
Fall down 7 times, get up 8
Join Date: Aug 2000
Casino cash: $5000
|
This class warfare BS is old hat.
__________________
How strangely will the Tools of a Tyrant pervert the plain Meaning of Words! Samuel Adams |
Posts: 15,467
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#120 | |
In Search of a Life
Join Date: Aug 2008
Casino cash: $34597
|
Quote:
I can't believe there are people in denial that executive pay is going up across the board. |
|
Posts: 31,184
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() ![]() |
Thread Tools | |
Display Modes | |
|
|