It's despicable that employers are fighting healthcare for their employees, in a country where such a system is used.
It's despicable that employers are fighting healthcare for their employees, in a country where such a system is used.
Active WoW player Jan 2006 - Aug 2020
Occasional WoW Classic Andy since.
Nothing lasts forever, as they say.
But at least I can casually play Classic and remember when MMORPGs were good.
You know what I always say.... Blame it on the Bay!
Papa John's pizza tastes like poorly disguised cardboard, and you couldn't pay me to eat it. It's a little disingenuous of him to suggest that he "has" to cut workers to maintain his own incredibly lavish standard of living but I guess that's his prerogative as CEO if he owns enough stock. He's still a douchebag though.
We'd see a hell of a lot less market inefficiencies and corrections if this were the case. Investors aren't perfectly rational actors with perfect information either. I think you're greatly overstating the general ability of both executives and investors to predict things.
The financial markets are pretty effective, barring places where government disturbs it (e.g. bans on short sales or certain investment vehicles). The inefficiencies are usually due to different factors such as central bank policy or moral hazards inherent to the current financial system. It's highly likely that investors will choose to make a profit by shorting a company that makes decisions based on political ideology instead of shareholder value.
Either way, even you yourself should understand that the outlook for a coal company is much worse due to Obama's victory.
We disagree regarding how rational and effective the markets are. That's fine. I think they do a fairly good job over time, but that any given snapshot is likely to be strongly effected by reactions to imperfect information.
Absolutely, this is one of the reasons I voted for him. Unlike the politicians that beat around the bush and use euphemisms, I make no bones about it - I want the coals companies crippled. Simply having to pay for the cost of their externalities will do that all its own.
I'm not saying they're perfect, just that they're about as efficient as it gets. And the biggest inefficiencies are unrelated to pricing the stock based on a decision like this. I don't subscribe to the efficient market hypothesis, but it's an useful tool.
So, in other words what the Coal company CEO is doing is not some sort of rhetoric based on his own political bias, rather a sensible thing to do because these employees will be redundant.Originally Posted by Spectral
Last edited by mmoc43ae88f2b9; 2012-11-10 at 07:22 PM.
Regarding the post about PJ's learning the same way Chick-Fil-A did, although they don't release their figures, most financial analysts estimate that they got a surge in business from the LGBT issue.
The fact is, $0.14 is a gross underestimate of the amount they would have to raise pizza prices to support themselves. Had it been a minor issue, they would have never said anything and passed the slight cost on to their consumers. It could've have been a stunt, a reason to streamline their workforce. But the fact that they are 1 company out of 100s across all industries utilizing the same maneuvers would suggest otherwise.
You can boycott PJs all you want, but until their customer service declines, their prices increase, or their product quality decreases, there will be little if any effect.
These companies aren't laying people off to increase their profits. They're laying people off (and increasing their prices) to maintain their current levels. The pros of having a larger workforce far outweigh the cons -- assuming the associated expenses remain the same across either level.
They are the employers. If people are irresponsible spenders that's there problem. Personally, if I were I CEO I wouldn't want to pay extra for other people shit including healthcare. If you have a bunch of kids and had to cut the cost of your own personal healthcare because of it, then that's your problem.
Unfortunately there a lot of people in this thread that just don't have a clue and get all their info from what they read on the internet.
Take it from someone whose family owns a business and whose wife works in healthcare. Obamacare is bad. Companies will either fire people, push full time employees to part time, or raise costs significantly. Some larger businesses could get away with it but smaller or moderate size business just can't and won't handle the increased cost without having to do something about it.
I would love for everyone to have healthcare. I have always payed for my own and my families. I love the people that bitch they can't afford it then spend $300 a month on cigarettes or bear or other shit they just don't need but expect someone else to provide it for them. Welfare mentality.
i live about 30 mins from a big mine that bob murray owns, know several friends who were laid off "due to obama"
im not a fan of obama but from what a lot of my friends say that work at that mine bob murray is a dickhead and the real reason they were laid off actually had little to do with obamas re-election. im fairly certain obama is "anti-coal" but i dont think he had an particular role in this round of lay offs at this particular terminal
On a side note to those who like Dominos pizza since the revamp. You do know who was responsible for that revamp right? Bain Capital...Romney.
I'm sure it'll be worth alienating your customers just to spite the bogeyman president. That'll show him!
Right, and we disagree here. That's fine, I don't think your position is completely invalid, but I do think trying to hash through this particular disagreement in the context of the thread is probably not a great idea.
Yes, I think coal companies are reacting correctly. That does not mean all companies are.
Murray is a huge scum bag so fuck him anyway, he has blood on his hands.
And its not like the coal industry has changed over the last 2 weeks. If it was profitable for Murray to employ those people before the election it was profitable to employ them now. He's just trying to make political hay.