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Response to HiPointDem (Original post)

Fri Nov 16, 2012, 06:41 PM

5. American business at its most profitable.

Business plan:
1. Purchase a profitable company
2. Remove current board
3. Elect new board consisting of only those in our company
4. Vote on pay increases for top management (Executives only)
5. Assess extreme management fees
6. Leverage as many assets as possible
7. Award annual performance bonuses (Executives only)
8. Raid the company pension fund
9. Reduce employee payroll
10. Reduce employee benefits
11. Once unable to leverage any additional assets, file bankruptcy
12. Fire all workers and cease production
13. Sell off any remaining assets
14. Look for another profitable company to purchase
15. See item 1.

This is re-distribution of wealth. Taking all of the wealth from the worker and re-distributing it to the very top. A few folks make a huge amount of money while the majority in the company get squeezed out. Hundreds of families lose in this deal.

Trickle down Reaganomics at it's finest.

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Replies to this discussion thread
Arrow 8 replies Author Time Post
HiPointDem Nov 2012 OP
Lint Head Nov 2012 #1
HiPointDem Nov 2012 #3
City Lights Nov 2012 #4
Great Caesars Ghost Nov 2012 #2
LineNew Reply American business at its most profitable.
smccarter Nov 2012 #5
HiPointDem Nov 2012 #6
aint_no_life_nowhere Nov 2012 #7
amborin Nov 2012 #8
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