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	<title>Comments on: Diller to profitable companies: Lay off the layoffs</title>
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	<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/</link>
	<description>Exclusive outtakes from industry leaders</description>
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		<title>By: Suzanne Chimovitz</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-675</link>
		<dc:creator>Suzanne Chimovitz</dc:creator>
		<pubDate>Mon, 08 Dec 2008 18:24:41 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-675</guid>
		<description>The lower income earner is not aware that the really higher income earner pays a smaller percent in taxes.  Did not Warren Buffet say his employees paid more taxes then he did, and they were not aware of that.  Nor was I until I heard that story.  So why should it not be equal?</description>
		<content:encoded><![CDATA[<p>The lower income earner is not aware that the really higher income earner pays a smaller percent in taxes.  Did not Warren Buffet say his employees paid more taxes then he did, and they were not aware of that.  Nor was I until I heard that story.  So why should it not be equal?</p>
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		<title>By: Will</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-663</link>
		<dc:creator>Will</dc:creator>
		<pubDate>Sat, 06 Dec 2008 01:23:47 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-663</guid>
		<description>RE: Henry Rearden;

Henry your logic is shockingly stupid!  He is talking about &#039;responsibility&#039; and not an ethic driven by money accumulation to create &#039;shareholder wealth&#039;.  We gave the keys of our economy to wall street, and they ran the bus right off the cliff.  What do you expect from Wall Street bankers?  I am actually not surprised that you forgot about responsibility, most people have.

&gt;But don’t twist these rightful responsibilities into some idea that those who work harder are beholden to those who do not. 

Ok, we weren&#039;t talking about that but it is obviously on your mind.  Not sure how you define work, to me, working hard is working fast-food, mindless jobs where all you do is the same thing over and over again.  That is working hard.  To assume that the world works in a way where the &#039;hardest&#039; workers got paid the most and the &#039;laziest&#039; the least, well, you have better drugs then me my friend.  

It&#039;s not about who works the hardest at all.  It is about who has the means.  If you have the means, then you have a responsibility to this country to help it in a time of need.  To help-out your fellow man.  But I&#039;m sure that thought doesn&#039;t cross your mind too often.

&gt;You are doing this when you talk about Obama’s wealth redistribution plans.

Umm, no, you have absolutely no idea what you are talking about.  Obama is talking about taxing the rich more, it has nothing to do with &#039;hard work&#039;.  It has to
do with the fact that we have given tax-cuts to the wealthy.  Now that the nation is in a financial crisis.  I think it is prudent to start having the wealthy pay more.  The bottom line is that hyper-capitalistic behavior managed to do something called &#039;destroy production capacity&#039;.  Ever hear the saying &quot;don&#039;t kill the goose that lays the golden eggs?&quot;  Here &#039;the goose&#039; represents a healthy economy.  

Think I&#039;m overstating?  The bankers developed a &#039;financial instrument&#039; called mortgage-backed-securities.  I believe Frank Fabozzi was instrumental in their development.  Anyway, they decided to get as greedy as they could until they had no idea how much their &#039;financial instruments&#039; were worth.  Hmmm, bankers
who have a nice big vault of &#039;something&#039; could be gold, could be dirt.  The party ended when AIG found out that that behind door number three was a pile of dirt.</description>
		<content:encoded><![CDATA[<p>RE: Henry Rearden;</p>
<p>Henry your logic is shockingly stupid!  He is talking about &#8216;responsibility&#8217; and not an ethic driven by money accumulation to create &#8216;shareholder wealth&#8217;.  We gave the keys of our economy to wall street, and they ran the bus right off the cliff.  What do you expect from Wall Street bankers?  I am actually not surprised that you forgot about responsibility, most people have.</p>
<p>&gt;But don’t twist these rightful responsibilities into some idea that those who work harder are beholden to those who do not. </p>
<p>Ok, we weren&#8217;t talking about that but it is obviously on your mind.  Not sure how you define work, to me, working hard is working fast-food, mindless jobs where all you do is the same thing over and over again.  That is working hard.  To assume that the world works in a way where the &#8216;hardest&#8217; workers got paid the most and the &#8216;laziest&#8217; the least, well, you have better drugs then me my friend.  </p>
<p>It&#8217;s not about who works the hardest at all.  It is about who has the means.  If you have the means, then you have a responsibility to this country to help it in a time of need.  To help-out your fellow man.  But I&#8217;m sure that thought doesn&#8217;t cross your mind too often.</p>
<p>&gt;You are doing this when you talk about Obama’s wealth redistribution plans.</p>
<p>Umm, no, you have absolutely no idea what you are talking about.  Obama is talking about taxing the rich more, it has nothing to do with &#8216;hard work&#8217;.  It has to<br />
do with the fact that we have given tax-cuts to the wealthy.  Now that the nation is in a financial crisis.  I think it is prudent to start having the wealthy pay more.  The bottom line is that hyper-capitalistic behavior managed to do something called &#8216;destroy production capacity&#8217;.  Ever hear the saying &#8220;don&#8217;t kill the goose that lays the golden eggs?&#8221;  Here &#8216;the goose&#8217; represents a healthy economy.  </p>
<p>Think I&#8217;m overstating?  The bankers developed a &#8216;financial instrument&#8217; called mortgage-backed-securities.  I believe Frank Fabozzi was instrumental in their development.  Anyway, they decided to get as greedy as they could until they had no idea how much their &#8216;financial instruments&#8217; were worth.  Hmmm, bankers<br />
who have a nice big vault of &#8216;something&#8217; could be gold, could be dirt.  The party ended when AIG found out that that behind door number three was a pile of dirt.</p>
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		<title>By: Matt</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-659</link>
		<dc:creator>Matt</dc:creator>
		<pubDate>Fri, 05 Dec 2008 20:36:01 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-659</guid>
		<description>Who does this guy think he is, James Taggart?</description>
		<content:encoded><![CDATA[<p>Who does this guy think he is, James Taggart?</p>
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		<title>By: Jon</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-656</link>
		<dc:creator>Jon</dc:creator>
		<pubDate>Fri, 05 Dec 2008 19:15:02 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-656</guid>
		<description>Companies should acknowledge an ethical duty of benevolence when dealing with employees.  An excellent point was brought up and I think brought up well.  A company that is profitable should be benevolent!  It&#039;s the lack of benevolence and the abundance of greed that helped get us into this mess to begin with!</description>
		<content:encoded><![CDATA[<p>Companies should acknowledge an ethical duty of benevolence when dealing with employees.  An excellent point was brought up and I think brought up well.  A company that is profitable should be benevolent!  It&#8217;s the lack of benevolence and the abundance of greed that helped get us into this mess to begin with!</p>
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		<title>By: Henry Rearden</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-655</link>
		<dc:creator>Henry Rearden</dc:creator>
		<pubDate>Fri, 05 Dec 2008 18:55:20 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-655</guid>
		<description>John B. how nice of you to edit the other guy&#039;s grammar, that really lends credence to your argument.

Employees have responsibilities.  Company Owners have responsibilities.  Everybody has responsibilities.  

But don&#039;t twist these rightful responsibilities into some idea that those who work harder are beholden to those who do not.  You are doing this when you talk about Obama&#039;s wealth redistribution plans.  You can throw all the bleeding-heart arguments out there that you want: but when it really comes down to it, you&#039;ll always be able to find someone who&#039;s working as hard as he can and accumulating wealth, and another person who could be working harder and is complaining about the other guy&#039;s success.  Herein lies the fault in Obama&#039;s wealth redistribution plans.  Sure there are many exceptions, but in the above, all-too-common scenario, what right does the lower income earner have to demand direct or indirect monies from the higher income earner?  None.</description>
		<content:encoded><![CDATA[<p>John B. how nice of you to edit the other guy&#8217;s grammar, that really lends credence to your argument.</p>
<p>Employees have responsibilities.  Company Owners have responsibilities.  Everybody has responsibilities.  </p>
<p>But don&#8217;t twist these rightful responsibilities into some idea that those who work harder are beholden to those who do not.  You are doing this when you talk about Obama&#8217;s wealth redistribution plans.  You can throw all the bleeding-heart arguments out there that you want: but when it really comes down to it, you&#8217;ll always be able to find someone who&#8217;s working as hard as he can and accumulating wealth, and another person who could be working harder and is complaining about the other guy&#8217;s success.  Herein lies the fault in Obama&#8217;s wealth redistribution plans.  Sure there are many exceptions, but in the above, all-too-common scenario, what right does the lower income earner have to demand direct or indirect monies from the higher income earner?  None.</p>
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		<title>By: task</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-654</link>
		<dc:creator>task</dc:creator>
		<pubDate>Fri, 05 Dec 2008 18:50:28 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-654</guid>
		<description>Companies also lay-off in anticipation of bad times and to fortify their cash reserves.</description>
		<content:encoded><![CDATA[<p>Companies also lay-off in anticipation of bad times and to fortify their cash reserves.</p>
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		<title>By: Richard Lund</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-653</link>
		<dc:creator>Richard Lund</dc:creator>
		<pubDate>Fri, 05 Dec 2008 18:47:20 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-653</guid>
		<description>Diller and all of you people are NUTS!
The reason the companies are making money in the first place is that they are doing Responsible things such as cutting costs AND cutting jobs in this difficult market so as to maintain profitability.  Do you have any idea what those numbers you &quot;throw around&quot; are in terms of percentages of revenue?  That is what is important.  If 40m is 1% of revenue, cutting costs and jobs IS indeed the responsible thing to do.  That company is on the edge of Losing money.  Yet you and this genius Diller seem to think that you are smarter than they are; and want to &quot;tell&quot; them what they should do.  That is socialism, communism, central planning.  I know you don&#039;t like those terms; but they do apply.</description>
		<content:encoded><![CDATA[<p>Diller and all of you people are NUTS!<br />
The reason the companies are making money in the first place is that they are doing Responsible things such as cutting costs AND cutting jobs in this difficult market so as to maintain profitability.  Do you have any idea what those numbers you &#8220;throw around&#8221; are in terms of percentages of revenue?  That is what is important.  If 40m is 1% of revenue, cutting costs and jobs IS indeed the responsible thing to do.  That company is on the edge of Losing money.  Yet you and this genius Diller seem to think that you are smarter than they are; and want to &#8220;tell&#8221; them what they should do.  That is socialism, communism, central planning.  I know you don&#8217;t like those terms; but they do apply.</p>
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		<title>By: Dason</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-651</link>
		<dc:creator>Dason</dc:creator>
		<pubDate>Fri, 05 Dec 2008 18:40:05 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-651</guid>
		<description>These comments are horrible.  Since when is a company obligated to employ a certain amount of people?  A company has obligations to its shareholders, NOT to employees.  No matter the size of the business or corporation, profit is the goal.  Employees have to EARN the right to have a job by producing what is expected of them.  It concerns me that so many people commenting here believe that they deserve jobs just because a company makes a certain amount of profit.  Welcome to the Obamanation.</description>
		<content:encoded><![CDATA[<p>These comments are horrible.  Since when is a company obligated to employ a certain amount of people?  A company has obligations to its shareholders, NOT to employees.  No matter the size of the business or corporation, profit is the goal.  Employees have to EARN the right to have a job by producing what is expected of them.  It concerns me that so many people commenting here believe that they deserve jobs just because a company makes a certain amount of profit.  Welcome to the Obamanation.</p>
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		<title>By: Jimmy</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-650</link>
		<dc:creator>Jimmy</dc:creator>
		<pubDate>Fri, 05 Dec 2008 18:21:27 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-650</guid>
		<description>In theory, companies have no obligation to their employees and visa versa, except to pay for work and to work for pay. However, since employees are not machines, companies must craft policies to maximize work received from employees and to allow employees to maximize pay received from companies. This is an implied symbiotic relationship. Without this relationship, low employee morale will threaten the viability of the company.</description>
		<content:encoded><![CDATA[<p>In theory, companies have no obligation to their employees and visa versa, except to pay for work and to work for pay. However, since employees are not machines, companies must craft policies to maximize work received from employees and to allow employees to maximize pay received from companies. This is an implied symbiotic relationship. Without this relationship, low employee morale will threaten the viability of the company.</p>
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		<title>By: George</title>
		<link>http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-649</link>
		<dc:creator>George</dc:creator>
		<pubDate>Fri, 05 Dec 2008 17:59:40 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/summits/?p=2365#comment-649</guid>
		<description>He is right.  It is a socialist mind set, but, those layoffs contribute to the bad economy.  It&#039;s short term thinking.  If companies making money held strong with less profits then the economy would improve faster.  Pay attention, read about Honda&#039;s approach to the last auto crisis.  They didn&#039;t lay off people.</description>
		<content:encoded><![CDATA[<p>He is right.  It is a socialist mind set, but, those layoffs contribute to the bad economy.  It&#8217;s short term thinking.  If companies making money held strong with less profits then the economy would improve faster.  Pay attention, read about Honda&#8217;s approach to the last auto crisis.  They didn&#8217;t lay off people.</p>
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