Comments on: Diller to profitable companies: Lay off the layoffs http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/ Exclusive outtakes from industry leaders Wed, 16 Nov 2016 08:14:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Suzanne Chimovitz http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-675 Mon, 08 Dec 2008 18:24:41 +0000 http://blogs.reuters.com/summits/?p=2365#comment-675 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?

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By: Will http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-663 Sat, 06 Dec 2008 01:23:47 +0000 http://blogs.reuters.com/summits/?p=2365#comment-663 RE: Henry Rearden;

Henry your logic is shockingly stupid! He is talking about ‘responsibility’ and not an ethic driven by money accumulation to create ‘shareholder wealth’. 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.

>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’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 ‘hardest’ workers got paid the most and the ‘laziest’ the least, well, you have better drugs then me my friend.

It’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’m sure that thought doesn’t cross your mind too often.

>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 ‘hard work’. 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 ‘destroy production capacity’. Ever hear the saying “don’t kill the goose that lays the golden eggs?” Here ‘the goose’ represents a healthy economy.

Think I’m overstating? The bankers developed a ‘financial instrument’ 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 ‘financial instruments’ were worth. Hmmm, bankers
who have a nice big vault of ‘something’ could be gold, could be dirt. The party ended when AIG found out that that behind door number three was a pile of dirt.

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By: Matt http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-659 Fri, 05 Dec 2008 20:36:01 +0000 http://blogs.reuters.com/summits/?p=2365#comment-659 Who does this guy think he is, James Taggart?

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By: Jon http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-656 Fri, 05 Dec 2008 19:15:02 +0000 http://blogs.reuters.com/summits/?p=2365#comment-656 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’s the lack of benevolence and the abundance of greed that helped get us into this mess to begin with!

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By: Henry Rearden http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-655 Fri, 05 Dec 2008 18:55:20 +0000 http://blogs.reuters.com/summits/?p=2365#comment-655 John B. how nice of you to edit the other guy’s grammar, that really lends credence to your argument.

Employees have responsibilities. Company Owners have responsibilities. Everybody has responsibilities.

But don’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’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’ll always be able to find someone who’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’s success. Herein lies the fault in Obama’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.

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By: task http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-654 Fri, 05 Dec 2008 18:50:28 +0000 http://blogs.reuters.com/summits/?p=2365#comment-654 Companies also lay-off in anticipation of bad times and to fortify their cash reserves.

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By: Richard Lund http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-653 Fri, 05 Dec 2008 18:47:20 +0000 http://blogs.reuters.com/summits/?p=2365#comment-653 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 “throw around” 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 “tell” them what they should do. That is socialism, communism, central planning. I know you don’t like those terms; but they do apply.

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By: Dason http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-651 Fri, 05 Dec 2008 18:40:05 +0000 http://blogs.reuters.com/summits/?p=2365#comment-651 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.

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By: Jimmy http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-650 Fri, 05 Dec 2008 18:21:27 +0000 http://blogs.reuters.com/summits/?p=2365#comment-650 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.

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By: George http://blogs.reuters.com/summits/2008/12/04/diller-to-profitable-companies-lay-off-the-layoffs/comment-page-2/#comment-649 Fri, 05 Dec 2008 17:59:40 +0000 http://blogs.reuters.com/summits/?p=2365#comment-649 He is right. It is a socialist mind set, but, those layoffs contribute to the bad economy. It’s short term thinking. If companies making money held strong with less profits then the economy would improve faster. Pay attention, read about Honda’s approach to the last auto crisis. They didn’t lay off people.

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