Everything Business Thread

A Place to respectfully discuss those topics that you should never discuss.
post

Re: Everything Business Thread

Postby Buc2 » Wed Sep 26, 2018 8:21 am

Zarniwoop wrote:
Buc2 wrote:Absolutely not. Not only is it unethical from an American POV, it sets a dangerous social precedent for Chinese citizens. I'm not going to go so far as to say Google can't do that, but I'd be extremely disappointed in their decision if they did and would blast them every chance I got on the Internet when I wasn't Googling something or using my gmail account to send some pics to a friend.



Thanks...that's where I am. I certainly wouldn't take away their right to do this....but I think it would be a shitty thing to do.

To generalize it is a more complicated ethical question -- when US firms go overseas or have overseas partners (think Apple and FOXCON), what local practices should they adopt and what US practices should they adopt. For example, when it comes to human rights and working conditions, should they use US standards or the local standards (or a mix)? When it comes to pay and benefits, should they use US standards or local standards (or a mix)?

I find that I often answer one way for one topic, a different way for another.

I should think it would be a mix that was weighted towards the host nation. In other words, if I'm Apple I'd say something like, if you want my firm's help, we'd like you to take a more U.S. approach to this, this and this issue in regards to human rights and working conditions. That should certainly be, at least, a part of the negotiation. Somewhere along the line, I'd hope there would be a compromise. If not, then FOXCON can go talk to Samsung or whoever.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 11514
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 952 times
Been thanked: 399 times

Re: Everything Business Thread

Postby Zarniwoop » Fri Sep 28, 2018 8:13 am

On the way in, I was listening to NPR and they had two law professors talking about the lawsuit the SEC filed against Elon Musk. It doesn't look good for him. I'm guessing he won't be CEO of Tesla in 2 years. And possibly worse.
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Zarniwoop » Sun Sep 30, 2018 8:34 pm

Musk is stepping down as chairman of board at Tesla and has to pay $20M fine.

Remaining on as CEO
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Zarniwoop » Tue Oct 02, 2018 9:53 pm

Amazon announced its raising all workers wages to $15/hr
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby RedLeader » Wed Oct 03, 2018 2:38 am

Zarniwoop wrote:Amazon announced its raising all workers wages to $15/hr


Cole Trickle, baby! ;)
User avatar
RedLeader
 
Posts: 2823
Joined: Wed Jan 14, 2015 3:27 pm
Location: G14 Classified
Has thanked: 107 times
Been thanked: 102 times

Re: Everything Business Thread

Postby Buc2 » Wed Oct 03, 2018 7:35 am

Zarniwoop wrote:Amazon announced its raising all workers wages to $15/hr

That's a pretty big deal. And a company with their profit margins, I'd say this was a smart deal on their part. Can't be taxed for profits that go to wages. If anything, I could see this move increasing their stock price.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 11514
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 952 times
Been thanked: 399 times

Re: Everything Business Thread

Postby uscbucsfan » Wed Oct 03, 2018 8:50 am

Zarniwoop wrote:Amazon announced its raising all workers wages to $15/hr

It's a necessity with how tight the labor market is, especially prior to their influx of workers for the holiday season.
Image
User avatar
uscbucsfan
 
Posts: 4974
Joined: Wed Jan 14, 2015 1:21 pm
Has thanked: 113 times
Been thanked: 137 times

Re: Everything Business Thread

Postby Zarniwoop » Wed Oct 03, 2018 8:54 am

It’s definitely a response to a tight labor market. What I find hilarious now is they are all gung ho about supporting the $15/hr legislation.


They know it will devastate their smaller competition
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby uscbucsfan » Wed Oct 03, 2018 1:37 pm

Zarniwoop wrote:It’s definitely a response to a tight labor market. What I find hilarious now is they are all gung ho about supporting the $15/hr legislation.


They know it will devastate their smaller competition

Amazon is terminating bonuses, stock options, and other benefits to counteract the minimum wage raise.
Image
User avatar
uscbucsfan
 
Posts: 4974
Joined: Wed Jan 14, 2015 1:21 pm
Has thanked: 113 times
Been thanked: 137 times

Re: Everything Business Thread

Postby Zarniwoop » Wed Oct 03, 2018 1:47 pm

Thanks I hadn’t read that

Though not many people know it, their profit margin is quite small
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Buc2 » Wed Oct 03, 2018 3:50 pm

uscbucsfan wrote:
Zarniwoop wrote:It’s definitely a response to a tight labor market. What I find hilarious now is they are all gung ho about supporting the $15/hr legislation.


They know it will devastate their smaller competition

Amazon is terminating bonuses, stock options, and other benefits to counteract the minimum wage raise.

I wonder if Walmart will follow suit. My oldest just went to work at one of their distribution centers as a quality assurance manager. One of their big selling points was bonuses and employee stock options. She's gonna be pissed if they take that away just after she starts working there.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 11514
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 952 times
Been thanked: 399 times

Re: Everything Business Thread

Postby Zarniwoop » Wed Oct 03, 2018 3:53 pm

Buc2 wrote:
uscbucsfan wrote:Amazon is terminating bonuses, stock options, and other benefits to counteract the minimum wage raise.

I wonder if Walmart will follow suit. My oldest just went to work at one of their distribution centers as a quality assurance manager. One of their big selling points was bonuses and employee stock options. She's gonna be pissed if they take that away just after she starts working there.


I remember you posting about that....For a company like Walmart I would trade a bit of hourly wage for stock options in a heart beat (assuming they were structured correctly...and from everything I heard about Walmart they are).

It's all a tradeoff----companies like Walmart and Amazon have very small margins...they can't pay the highest wages as well as giving ESOP's and high benefits. Right now society is short-sighted in their focus on hourly pay IMO. So companies will shift around compensation accordingly.


Here is the story when I searched when USC posted about Amazon's tradeoff

https://www.cnbc.com/2018/10/03/amazon- ... wards.html


(I do think Amazon's decision to eliminate performance pay (if that is what they are talking about with bonuses) is a bad move...I know lots of warehouses workers who made great piece rate bonuses....it takes away their incentive to bust ass)
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Buc2 » Wed Oct 03, 2018 4:06 pm

Zarniwoop wrote:
Buc2 wrote:I wonder if Walmart will follow suit. My oldest just went to work at one of their distribution centers as a quality assurance manager. One of their big selling points was bonuses and employee stock options. She's gonna be pissed if they take that away just after she starts working there.


I remember you posting about that....For a company like Walmart I would trade a bit of hourly wage for stock options in a heart beat (assuming they were structured correctly...and from everything I heard about Walmart they are).

It's all a tradeoff----companies like Walmart and Amazon have very small margins...they can't pay the highest wages as well as giving ESOP's and high benefits. Right now society is short-sighted in their focus on hourly pay IMO. So companies will shift around compensation accordingly.


Here is the story when I searched when USC posted about Amazon's tradeoff

https://www.cnbc.com/2018/10/03/amazon- ... wards.html


(I do think Amazon's decision to eliminate performance pay (if that is what they are talking about with bonuses) is a bad move...I know lots of warehouses workers who made great piece rate bonuses....it takes away their incentive to bust ass)

While my daughter isn't an hourly wage earner, if they follow suit, it will effect the employees under her that are hourly.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 11514
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 952 times
Been thanked: 399 times

Re: Everything Business Thread

Postby Buc2 » Thu Oct 04, 2018 7:13 am

Zarniwoop wrote:
Buc2 wrote:I wonder if Walmart will follow suit. My oldest just went to work at one of their distribution centers as a quality assurance manager. One of their big selling points was bonuses and employee stock options. She's gonna be pissed if they take that away just after she starts working there.


I remember you posting about that....For a company like Walmart I would trade a bit of hourly wage for stock options in a heart beat (assuming they were structured correctly...and from everything I heard about Walmart they are).

It's all a tradeoff----companies like Walmart and Amazon have very small margins...they can't pay the highest wages as well as giving ESOP's and high benefits. Right now society is short-sighted in their focus on hourly pay IMO. So companies will shift around compensation accordingly.


Here is the story when I searched when USC posted about Amazon's tradeoff

https://www.cnbc.com/2018/10/03/amazon- ... wards.html


(I do think Amazon's decision to eliminate performance pay (if that is what they are talking about with bonuses) is a bad move...I know lots of warehouses workers who made great piece rate bonuses....it takes away their incentive to bust ass)

My daughter's response when I sent her an article about the Amazon news...

From what I’ve seen Wal-Mart prides themselves on setting themselves apart from Amazon. They are very employee focused. There is talk they may change the bonuses for the associates to be based of their personal production.


I thought Amazon was very employee focused as well. Guess we'll see in the coming months how or if Walmart responds.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 11514
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 952 times
Been thanked: 399 times

Re: Everything Business Thread

Postby Zarniwoop » Thu Oct 04, 2018 7:51 am

Thanks for the update B2...I come from a background of manufacturing so piece rate (or productivity bonuses) are very common to me. If I ran a warehouse like Amazon I would definitely use piece rate for my workers.

As an aside - One of my first real jobs I was an industrial engineer. One of my tasks was going to our nine manufacturing facilities and setting labor standards for equipment (time studies). You would think it would be an easy thing to do...and from a methods perspective it pretty much is. But by God the arguments that ensued between management and unions about what workers were allowed to work the day we timed the equipment and then the ensuing arguments over performance standard were insane (worker was average so the rate wasn't adjusted, worker was above average so rate was brought down, etc.). Some of the most petty **** I have seen to this day in the business world.
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Zarniwoop » Wed Oct 10, 2018 6:51 pm

Dow lost over 800 pats today

Damn
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Mountaineer Buc » Wed Oct 10, 2018 8:32 pm

Ford says it lost $1B due to tarriffs and therefore, there will be layoffs.
Image
User avatar
Mountaineer Buc
 
Posts: 13798
Joined: Wed Jan 14, 2015 1:15 pm
Location: Crestucky
Has thanked: 149 times
Been thanked: 644 times

Re: Everything Business Thread

Postby Zarniwoop » Thu Oct 11, 2018 11:48 am

Tradeoff between higher wages and automation

Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Buc2 » Thu Oct 11, 2018 12:01 pm

Zarniwoop wrote:Tradeoff between higher wages and automation


Most of the full service car washes in my town have been replaced by theses...

Image

Express Jet Car Wash. It's basically a drive thru car wash where, after you get through the wash, you can park in a station and do your own vacuuming, window cleaning, etc. Instead of 10-12 workers, there are only 3-4 on duty.
Image
Don't tread on me
User avatar
Buc2
 
Posts: 11514
Joined: Wed Jan 14, 2015 2:16 pm
Location: America
Has thanked: 952 times
Been thanked: 399 times

Re: Everything Business Thread

Postby Zarniwoop » Thu Oct 11, 2018 4:51 pm

DJIA down another 2.1% today.

Tons of money being shifted to long term Bonds as their yield has hit nearly 3.5%
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Zarniwoop » Fri Oct 12, 2018 10:57 am

more info on the federal minimum wage and how "fairness" leads to unintended "unfairness"

Image


from http://reason.com/blog/2018/10/12/pew-m ... -minimum-w
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Zarniwoop » Mon Oct 15, 2018 6:34 pm

Sears files for Chapter 11 today


valiant effort over the last 10+ years to save it...but the hole was too big.



If you subscribe to WSJ they have a good article: https://www.wsj.com/articles/sears-file ... 1539579819
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Mountaineer Buc » Mon Oct 15, 2018 6:58 pm

And the only people who get hurt are the 140,000 people facing the loss of their jobs and the company's vendors that rely on Sears.

The banks that brokered the bonds got paid when they were sold. That money has probably been sitting in Tbills for a couple of years now.

The bondholders? First to get paid in liquidation.

Shareholders? You mean the CEO and the employee ESOP? Institutional investors are long gone.

Yeah, it's just the employees and pensioners who are gonna get screwed on this one.
Image
User avatar
Mountaineer Buc
 
Posts: 13798
Joined: Wed Jan 14, 2015 1:15 pm
Location: Crestucky
Has thanked: 149 times
Been thanked: 644 times

Re: Everything Business Thread

Postby uscbucsfan » Mon Oct 15, 2018 7:00 pm

Ok?
Image
User avatar
uscbucsfan
 
Posts: 4974
Joined: Wed Jan 14, 2015 1:21 pm
Has thanked: 113 times
Been thanked: 137 times

Re: Everything Business Thread

Postby Mountaineer Buc » Mon Oct 15, 2018 7:01 pm

uscbucsfan wrote:Ok?

It's unfortunate.

Sympathize with the little guy with me. You can do it.
Last edited by Mountaineer Buc on Mon Oct 15, 2018 7:03 pm, edited 1 time in total.
Image
User avatar
Mountaineer Buc
 
Posts: 13798
Joined: Wed Jan 14, 2015 1:15 pm
Location: Crestucky
Has thanked: 149 times
Been thanked: 644 times

Re: Everything Business Thread

Postby uscbucsfan » Mon Oct 15, 2018 7:02 pm

Mountaineer Buc wrote:
uscbucsfan wrote:Ok?

It's unfortunate.

It's life...

...but we've already been down that road.
Image
User avatar
uscbucsfan
 
Posts: 4974
Joined: Wed Jan 14, 2015 1:21 pm
Has thanked: 113 times
Been thanked: 137 times

Re: Everything Business Thread

Postby Zarniwoop » Mon Oct 15, 2018 7:17 pm

Bail out Sears!!
Zarniwoop
 
Posts: 6449
Joined: Thu Jan 15, 2015 12:23 pm
Has thanked: 326 times
Been thanked: 284 times

Re: Everything Business Thread

Postby Mountaineer Buc » Mon Oct 15, 2018 8:17 pm

Zarniwoop wrote:Bail out Sears Employees!!

That's the spirit!!
Image
User avatar
Mountaineer Buc
 
Posts: 13798
Joined: Wed Jan 14, 2015 1:15 pm
Location: Crestucky
Has thanked: 149 times
Been thanked: 644 times

Re: Everything Business Thread

Postby uscbucsfan » Mon Oct 15, 2018 8:19 pm

Mountaineer Buc wrote:
Zarniwoop wrote:Bail out Sears Employees!!

That's the spirit!!


Who is stopping you? Gather a coalition of the willing and have at it.
Image
User avatar
uscbucsfan
 
Posts: 4974
Joined: Wed Jan 14, 2015 1:21 pm
Has thanked: 113 times
Been thanked: 137 times

Re: Everything Business Thread

Postby Mountaineer Buc » Mon Oct 15, 2018 8:22 pm

uscbucsfan wrote:
Mountaineer Buc wrote:That's the spirit!!


Who is stopping you? Gather a coalition of the willing and have at it.

What's stopping you?
Image
User avatar
Mountaineer Buc
 
Posts: 13798
Joined: Wed Jan 14, 2015 1:15 pm
Location: Crestucky
Has thanked: 149 times
Been thanked: 644 times

PreviousNext

post

Return to Politics and Religion

Who is online

Users browsing this forum: Baidu [Spider], Mountaineer Buc, uscbucsfan and 14 guests