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AnotherMcIntosh

(11,064 posts)
20. Behind the scenes, you'll find MBAs w charts and graphs who receive bonuses for what they're doing.
Sun Jan 22, 2012, 01:20 PM
Jan 2012

Your union can respond to this.

What is happening at your company follows a standard plan of the MBAs. They are trained to do exactly what they are doing.

They are hired by the executives to come in and officially tell the executives, with formal reports, that the executives' salaries are too low. They also give the executives the step-by-step plans on how to incrementally increase their salaries until the company is ultimately sold. The company has to be sold for this to work. But not immediately.

Under the routine approach, to maximize the sale price, the company needs to show increasing profits over a period of years. To show increased profits, they either have to increase sales or increase margins. Even when they cannot increase sales, they can increase margins by systematically lowering costs. Some costs cannot be signifigantly lowered. Wages can be.

The MBAs are routinely given stock options (a tax trick) which allows them to purchase company stock at a depressed price and then sell their stock at a premium when the company is sold.

Your description of what is happening indicates that your company is going to be sold. The question is "When?"

If your union can determine when the MBA's stock options are going to mature, your union can predict the sale date.

Somewhere, there are public records which disclose when large companies issue stock options to executives and MBAs. Your union attorney, who may be more familiar with labor law than the registration requirements of stock options, may be able to determine that or otherwise refer to someone who knows where such public records can be found.

What you do with the information is up to you. You have a number of options. If you are still bargaining for a contract, you might be able to negotiate for stock options with a similar maturity date. Even if this doesn't work, your union would be able to put them on notice that you are aware of their game. Bona fide lawsuits filed just before an anticipated sale date can depress the value of stock. There are other things that can be done as well.

the 'new normal'. nt xchrom Jan 2012 #1
I know bigtree Jan 2012 #2
Best of luck to you. nm rhett o rick Jan 2012 #3
But but .... Blahrg Blahrg cough "Unions Are Evil" sputter spittle Pholus Jan 2012 #4
We have about 1000 workers left from the earliest contract active bigtree Jan 2012 #5
Thanks for the post. Best of luck to you and yours. russspeakeasy Jan 2012 #6
I'll be watching. Best of luck! nt Pholus Jan 2012 #8
solidarity! mike_c Jan 2012 #21
A friend of mine works at a Giant LiberalEsto Jan 2012 #7
I used to be second-man in produce at that store before I moved down the road - Local 400 bigtree Jan 2012 #11
Overheard in my local Giant a couple of months ago SickOfTheOnePct Jan 2012 #9
wild bigtree Jan 2012 #12
I'd like to hear the answer SickOfTheOnePct Jan 2012 #18
Your CEO is scum. unapatriciated Jan 2012 #10
exactly bigtree Jan 2012 #13
I was going to mention the Safeway/Dominick's situation. Dominick's was "my" grocery store riderinthestorm Jan 2012 #19
What burd is doing to Giant and has done in the past with Dominick's is his mo. unapatriciated Jan 2012 #22
Burd is the 1% Chuuku Davis Jan 2012 #29
Good luck Sera_Bellum Jan 2012 #14
thanks, Sera_Bellum bigtree Jan 2012 #15
Gosh, Sera_Bellum Jan 2012 #16
oh yes bigtree Jan 2012 #17
You are correct and this has been burd's (ceo Safeway) MO from the start. unapatriciated Jan 2012 #23
Behind the scenes, you'll find MBAs w charts and graphs who receive bonuses for what they're doing. AnotherMcIntosh Jan 2012 #20
What you say is enlightening except for the fact that burd did this before and after unapatriciated Jan 2012 #24
Here's where you can find some additional information re Burd et al. AnotherMcIntosh Jan 2012 #25
Thanks, I'm aware of the others involved. unapatriciated Jan 2012 #26
The MSM is responsible for promoting the hoax that union workers are conservatives. AnotherMcIntosh Jan 2012 #27
I totally agree. unapatriciated Jan 2012 #28
My friend had his hours cut a couple years ago.... ProudToBeBlueInRhody Jan 2012 #30
Latest Discussions»General Discussion»My work hours were cut in...»Reply #20