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RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 2:23:49 PM   
Raiikun


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Apparently according to that map, we're way undercharging for the apartments we're renting out, because a minimum wage earner could afford one of ours easily with a 40 hour work week. =)

(in reply to Musicmystery)
Profile   Post #: 21
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 2:49:04 PM   
SternSkipper


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Joined: 3/7/2004
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quote:

This "Romney outsourced a call center" issue is just another Obama tactic destined to backfire like all the others.


So your new wild claim is what? That you know more about being from Massachusetts? So they don't know what they experienced during Romney's term as governor.
That's a fucking riot.

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Profile   Post #: 22
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 3:40:01 PM   
LookieNoNookie


Posts: 12216
Joined: 8/9/2008
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quote:

ORIGINAL: kalikshama

America’s largest wireless service provider plans to cut 1,700 jobs by offering its technicians and call center employees buyouts. Verizon Communications announced last week that it would reduce its nationwide workforce by 1 percent, and if enough workers don’t accept the buyouts, it will resort to involuntary layoffs.

Verizon paid chief executive Lowell C. McAdam more than $22.5 million in 2011, according to a Wall Street Journal analysis of executive compensation. The company has paid its top five executives more than $350 million in the last five years, according to the Communications Workers of America, the union that deals most directly with Verizon:



More than half of McAdam’s compensation package came from “Performance Awards,” according to the WSJ analysis. In 2011, the company’s shareholders saw an 18.8 percent increase in the value of their returns. Workers, however, have not shared in those gains. Verizon eliminated 26,000 jobs over a two-year period in 2008 and 2009 — including 16,000 jobs in 2009 alone — and laid off roughly 13,000 more in 2010.

At the same time, Verizon has demanded sizable concessions from workers in its negotiations with unions, asking for the elimination of the company’s pension plan, increases in health care premiums, and extra leeway to outsource jobs, according to a release from the International Brotherhood of Electrical Workers.

http://thinkprogress.org/economy/2012/06/04/494469/verizon-layoff-ceo-pay/


Ya know, I used to think Tom Cruise wasn't worth 20 million bucks a picture (having had an interest in becoming an actor a thousand years ago) and then I realized....he actually put the time into making that happen (for him)...and I didn't.

A CEO (often) makes decisions for thousands of people (I'm one....but I make decisions for dozens), and none of those people (when we lose money) ever come to my office and say "Hey Boss....we just lost X....and 'd like to turn over my pay check because....I'm in...all the way".

That doesn't happen.

EVER.

So....if a CEO makes 50K or 4,500K a year....I support that guy or girl....because his or her head is on the chopping line.

Wanna bitch? Step up. Put everything you have on the line.

(And by the way....unless it's everything you own....shut the fuck up).

(in reply to kalikshama)
Profile   Post #: 23
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 4:42:23 PM   
tj444


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Joined: 3/7/2010
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quote:

ORIGINAL: Raiikun

Apparently according to that map, we're way undercharging for the apartments we're renting out, because a minimum wage earner could afford one of ours easily with a 40 hour work week. =)

they seem to be basing the avg rent for a 2 bedroom unit at $949/m.. so the numbers must take into account taxes, transportation, food, other living costs.. or as Lucy said, that no more than 30% of income should go for housing for housing to be within "reach" or affordable..

I am not quite sure why 1 minimum wage earner would need a 2 bedroom unit tho.. if it was a couple then that would tend to be 2 minimum wage earners and make things twice more affordable.. if a single mother then you have to throw in child care costs into the mix also.. so it also depends on what they consider a household..

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Profile   Post #: 24
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 7:24:11 PM   
SadistDave


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Joined: 3/11/2005
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quote:

ORIGINAL: SternSkipper

quote:

This "Romney outsourced a call center" issue is just another Obama tactic destined to backfire like all the others.


So your new wild claim is what? That you know more about being from Massachusetts? So they don't know what they experienced during Romney's term as governor.
That's a fucking riot.


What is truly a riot is your continued willful ignorance. As usual, your understanding of the issues are an epic failure. Try reading slowly and see if any of this sinks in.

As you keep missing completely, every time the Bamster rolls out a new attack on Romney, it turns out that he is equally, if not more guilty of the same activities.

Romney put a dog on a car; Obama ate a dog.

Romney bullies a boy in high school; Obama bullied a little girl.

Republicans have a war on women; Obama's unemployment numbers among women shows that they are one of the hardest hit by his policies.

Republicans are all racist; again, blacks have been hit harder by Obamanomics than most.

Every excuse and attack he has made has turned out to hurt him more than Romney.

Now this.

Romney outsourced a call center; Obama outsources the economy and military contracts.

This will bite Barry-O in the ass like the other issues.

I don't give a rats ass what you think the people of Massachusetts suffered through. The truth of the matter is that as of the vote last week in Wisconsin, many people around the country have decided they are not willing to quietly suffer the policies people like you and the union thugs have forced upon them any longer.

-SD-




< Message edited by SadistDave -- 6/9/2012 7:33:30 PM >

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Profile   Post #: 25
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 7:25:25 PM   
Lucylastic


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wasnt that wisconsin???

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(in reply to SadistDave)
Profile   Post #: 26
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 7:29:08 PM   
SadistDave


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quote:

ORIGINAL: Lucylastic

wasnt that wisconsin???


ROFL, Yes it was!

Thanks for pointing that out.

-SD-

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Profile   Post #: 27
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 8:09:07 PM   
Musicmystery


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quote:

Obama outsources the economy and military contracts.


That started with W and Rummy trying to play war on the cheap.

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Profile   Post #: 28
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 8:13:05 PM   
Karmastic


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Joined: 4/5/2012
From: Los Angeles
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fr-

these large salaries are unconscionable. it was fine when they made 10x or even 50x the average salary. but 1000x? really?

unfortunately, it's pervasive and standard operating procedure now. stockholders let it happen because large entities control the majority of shares, and it's a good ole boy network.

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Profile   Post #: 29
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 8:19:57 PM   
cloudboy


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Joined: 12/14/2005
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WOW, that is upsetting.

(in reply to kalikshama)
Profile   Post #: 30
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 9:38:22 PM   
servantforuse


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We should also have a say when we spend money on welfare...But that isn't going to happen..

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Profile   Post #: 31
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 9:51:00 PM   
kalikshama


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Note Verizon had two CEOs last year - one earned a total of $26.4 million and one $23 million. No wonder they have to shed some peons.

Ivan Seidenburg, Verizon CEO, Saw Pay Boost Last Year, Despite Retiring

NEW YORK — Despite retiring as CEO of Verizon Communications Inc. in August, Ivan Seidenberg earned more in 2011 than he did in the last two full years of work.

According to an analysis of a Monday regulatory filing from the New York-based phone company, Seidenberg earned $26.4 million in 2011. That compares with the $18.1 million he earned in 2010 and the $17.5 million he received in 2009.

He was CEO for seven months of 2011, then remained as executive chairman until the end of the year.

Seidenberg didn't receive a severance payment. In calculating executive compensation, The Associated Press includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.

Seidenberg was the highest-paid CEO in the U.S. telecommunications industry last year. Randall Stephenson, his counterpart at AT&T Inc., which is larger, earned $18.7 million.

Seidenberg's successor, Lowell McAdam, earned $23 million in 2011. That was in large part due to a special grant of $10 million in restricted stock, made when he assumed the CEO role.

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Profile   Post #: 32
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 9:57:48 PM   
kalikshama


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http://www.politifact.com/truth-o-meter/statements/2011/oct/10/facebook-posts/viral-facebook-post-ceo-worker-pay-ratio-has-obscu/




Attachment (1)

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Profile   Post #: 33
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/9/2012 10:21:20 PM   
servantforuse


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Joined: 3/8/2006
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So What. CEO's are hired by the owners of the company ( share holders ) to make the most money they can for the owners of the company. They are rewarded for making a profit so they can stay in business. Nothing new here.

(in reply to kalikshama)
Profile   Post #: 34
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/10/2012 5:42:31 AM   
kalikshama


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As has been said before, there will be less profits to be made as less people (aka the employees or no longer employed) can afford to buy the products/services produced.

(in reply to servantforuse)
Profile   Post #: 35
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/10/2012 7:45:23 AM   
Edwynn


Posts: 4105
Joined: 10/26/2008
Status: offline
quote:

ORIGINAL: LookieNoNookie


quote:

ORIGINAL: kalikshama

America’s largest wireless service provider plans to cut 1,700 jobs by offering its technicians and call center employees buyouts. Verizon Communications announced last week that it would reduce its nationwide workforce by 1 percent, and if enough workers don’t accept the buyouts, it will resort to involuntary layoffs.

Verizon paid chief executive Lowell C. McAdam more than $22.5 million in 2011, according to a Wall Street Journal analysis of executive compensation. The company has paid its top five executives more than $350 million in the last five years, according to the Communications Workers of America, the union that deals most directly with Verizon:



More than half of McAdam’s compensation package came from “Performance Awards,” according to the WSJ analysis. In 2011, the company’s shareholders saw an 18.8 percent increase in the value of their returns. Workers, however, have not shared in those gains. Verizon eliminated 26,000 jobs over a two-year period in 2008 and 2009 — including 16,000 jobs in 2009 alone — and laid off roughly 13,000 more in 2010.

At the same time, Verizon has demanded sizable concessions from workers in its negotiations with unions, asking for the elimination of the company’s pension plan, increases in health care premiums, and extra leeway to outsource jobs, according to a release from the International Brotherhood of Electrical Workers.

http://thinkprogress.org/economy/2012/06/04/494469/verizon-layoff-ceo-pay/


Ya know, I used to think Tom Cruise wasn't worth 20 million bucks a picture (having had an interest in becoming an actor a thousand years ago) and then I realized....he actually put the time into making that happen (for him)...and I didn't.

A CEO (often) makes decisions for thousands of people (I'm one....but I make decisions for dozens), and none of those people (when we lose money) ever come to my office and say "Hey Boss....we just lost X....and 'd like to turn over my pay check because....I'm in...all the way".

That doesn't happen.

EVER.

So....if a CEO makes 50K or 4,500K a year....I support that guy or girl....because his or her head is on the chopping line.

Wanna bitch? Step up. Put everything you have on the line.

(And by the way....unless it's everything you own....shut the fuck up).



So then, the CEOs of AIG and Citigroup and Lehman Brothers and Bear Stearns (oh, and Verizon) all had "everything they owned" in the matter, right?

20 million dollar bonuses for abject failure is your idea of ... just what? proper reward?

What a child.









< Message edited by Edwynn -- 6/10/2012 7:53:55 AM >

(in reply to LookieNoNookie)
Profile   Post #: 36
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/10/2012 8:34:58 AM   
subrob1967


Posts: 4591
Joined: 9/13/2004
Status: offline
One question...

Is anyone being forced to do business with Verizon? If you don't like how much the CEO is being paid, don't do business with them, and if enough people stop doing business with Verizon, they'll change the pay packages.

If your so offended, start one of your silly petitions to boycott.

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Profile   Post #: 37
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/10/2012 9:13:35 AM   
kalikshama


Posts: 14805
Joined: 8/8/2010
Status: offline
quote:

silly petitions


Thanks for the segue!

In the past month, there have been dozens of amazing victories on Change.org -- petitions that started with just one person grew into movements thanks to the support of folks like you. Read more below about stories of success from people who started these petitions.

We can't wait to see what happens next month.

Thanks for making all this happen,
- Michael and the Change.org team

For the first time ever, the Boy Scouts of America may allow openly gay scouts and leaders.

The Boy Scouts of America are notorious for their exclusionary anti-gay policies. But after Ohio mom Jennifer Tyrell was told she couldn't be her son's Cub Scout leader anymore because she was gay, she decided to fight back. She started a petition on Change.org signed by nearly 300,000 people. Eagle Scout Zach Walls (who has two moms himself) delivered those signatures to the Boy Scouts' annual convention last week, and days later, news broke that the Boy Scouts will consider a resolution to allow openly gay scouts and leaders as soon as 2013. It's huge progress, but there's still a lot more to be done.

Michigan dad wins fight for his special needs son to play basketball.

Dean Dompierre's son Eric is an awesome basketball player -- but because he has Down Syndrome, he's older than other kids at his high school. Michigan has a strict age limit for student athletes, so Eric was going to miss his senior season -- until Dean got more than 90,000 signatures on a Change.org petition and convinced the Michigan legislature to make an exception for kids with special needs.

Honor student Diane Tran gets a clean record.

Diane Tran is a 17-year-old who works two jobs to support herself and her siblings since her parents moved away -- and she was thrown in jail for a night because she was exhausted and missed school. But after a few days and more than 100,000 signatures supporting her on a petition on Change.org started by Samuel Oh, the judge in Diane's case dropped all charges against her.

Safeway employee who was suspended for defending a pregnant woman comes back to work.

Ryan Young was working at Safeway when he saw a customer beating up his pregnant girlfriend -- Ryan jumped in to defend the pregnant woman and was hailed as a hero by local police, but Safeway suspended him without pay to "investigate the altercation." 185,000 people signed on to a petition on Change.org started by Douglas Castro, a security guard who shopped at Ryan's Safeway, and now Ryan Young is back on the job, ready to support his wife, who is also about to have a baby.

Oklahoma mom saves her home from foreclosure.

Kathy Sontag's two daughters have a rare bone marrow disorder, and after they both got life-saving transplants, Kathy stopped working to support them through their recovery. Wells Fargo refused to adjust Kathy's mortgage payments, opting instead to foreclose -- until Kathy got nearly 180,000 signatures on Change.org, and Wells Fargo backed down.

JC Penney stands by families with two moms.

"After the anti-gay group "One Million Moms" threatened to boycott JC Penney over a Mother's Day ad that featured a real-life family with two moms, Laura Sumner (who has two moms herself) started a petition asking JC Penney to stand by its ad. Nearly 190,000 signatures later, JC Penney did Laura one better: Not only did they stand by their Mother's Day ad featuring two moms; they ran a Father's Day ad featuring two dads.

Ohio bans private ownership of exotic animals.

"Last autumn, 49 exotic animals were killed after their owner -- who'd been repeatedly accused of animal cruelty -- committed suicide. In response, an Ohio college student started a petition asking Ohio's legislature to make it illegal for private citizens to own exotic animals, like lions and tigers. Her petition gained over 100,000 signatures, and the legislature just posted to pass a ban.

Plus dozens more amazing victories from around the globe, all in the past month!

- In Australia, a childcare worker convinced major chocolate companies Ferrero and Lindt to commit to using 100% fair trade chocolate -- meaning no child labor.
- A New Jersey librarian got his job back after he says he was fired for fighting an unpopular decision by his supervisors to limit volunteers' work at the library.
- In Lithuania, a petition convinced a university to pull out of a conference that was set to honor a major Lithuanian Nazi collaborator.
- Students at Boston University successfully petitioned their administration for a sexual assault crisis and prevention center.
- An Illinois woman got Comcast to train its employees on how to deal with bird nests after she saw her local cable guy fling baby birds to the ground.
- In Australia, koala bears have finally been listed as an endangered species, providing them with vital protections that could save them from going extinct.
- A gay student who won the Matthew Shepard Scholarship got to accept his award in public after his Catholic high school had initially said he could not.
- Security guards at the Boston Museum of Fine Arts will keep their jobs after museum patrons came to their defense.
- In Spain, a woman with cancer will receive the treatment she needs after her hospital said it couldn't afford to give it to her.
- United Airlines dropped its "breed ban" that discriminated against some dogs because of how they look.
- Students at an Illinois high school and their community saved the school's shop teacher, Mr. Shilkus, after the school cut the budget for its industrial arts program.
- In Russia, the government stopped persecuting bloggers who were reporting that the car of the vice president of a major bank hit a child.
- In Spain, two gay dads got the education authorities to take action against a school for discriminating against children with gay parents.
- Sotheby's gave a fair contract to their union art handlers after an art blogger got a bunch of prominent artists to support their petition.
- After True Religion Jeans broke its promise to go fur free, a petition got them to stick to their word and stop selling fur.
- A student at UC Davis who has a tumor will get the radiation therapy she needs after her insurance company had refused to pay for it.

And many more...

(in reply to subrob1967)
Profile   Post #: 38
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/10/2012 9:16:31 AM   
Sanity


Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline

Isnt Verizon the premier cell phone system in the world?

Must be great leadership there.

If you would like, if you tried hard enough you could probably go experience the cell phone systems under the alternate to capitalism, in North Korea. Great plans there, I hear. If you could travel back in time and live under Mao or a few of these other Socialist icons I am sure you would just die for a taste of what its like to have a Walmart in your neighborhood, after a taste of the alternative

O boo hoo, thousands of employed workers have to find other jobs

In these socialist experiments mentioned above and others like Vietnam people were forced to work all day for nothing. They were and are treated like animals... Watch as their friends and family starve, and if someone were so stupid as to complain they were arrested and beaten and tortured, likely killed.

Here, you dont like Verizon, switch your plan...


quote:

ORIGINAL: kalikshama

America’s largest wireless service provider plans to cut 1,700 jobs by offering its technicians and call center employees buyouts. Verizon Communications announced last week that it would reduce its nationwide workforce by 1 percent, and if enough workers don’t accept the buyouts, it will resort to involuntary layoffs.

Verizon paid chief executive Lowell C. McAdam more than $22.5 million in 2011, according to a Wall Street Journal analysis of executive compensation. The company has paid its top five executives more than $350 million in the last five years, according to the Communications Workers of America, the union that deals most directly with Verizon:



More than half of McAdam’s compensation package came from “Performance Awards,” according to the WSJ analysis. In 2011, the company’s shareholders saw an 18.8 percent increase in the value of their returns. Workers, however, have not shared in those gains. Verizon eliminated 26,000 jobs over a two-year period in 2008 and 2009 — including 16,000 jobs in 2009 alone — and laid off roughly 13,000 more in 2010.

At the same time, Verizon has demanded sizable concessions from workers in its negotiations with unions, asking for the elimination of the company’s pension plan, increases in health care premiums, and extra leeway to outsource jobs, according to a release from the International Brotherhood of Electrical Workers.

http://thinkprogress.org/economy/2012/06/04/494469/verizon-layoff-ceo-pay/



< Message edited by Sanity -- 6/10/2012 9:19:11 AM >


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Profile   Post #: 39
RE: Verizon To Lay Off 1,700 Workers After Paying CEO $... - 6/10/2012 9:26:45 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline
Sure lizdelux.....and the soviets took a good chunk of the earth for decades.......was that also.........."leadership"?


And Mitten`s ripping apart bussiness and profiting from purposely caused bankruptcy that made him so rich........is that "leadership" too?

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(in reply to Sanity)
Profile   Post #: 40
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