John Deere as corporate punching bag

[trevn]

People also need to learn to simplify their meals as well. Not only does it make thing healthier, but it saves time and money.

Chicken breast/steak/pork chop
vegetables (steamed or roasted in the oven)
olive oil (for cooking roasted vegetables/cooking)
sweet potato (can bake them in the microwave)
salad and dressing

Not all meals need to be an elaborate recipe with 10 different ingredients

I don't want to live in a world without creme fraiche.

 

[bos]

Disagree. I've done all that I can to cut costs. It's not enough.

Not knowing your abilities or situation, I wont pursue this. Im just going off of what I see from folks day to day around me.

 

[madguy30]

I try to cook for myself so you're preaching to the choir. I just think it's short sighted to say all people need to do is eat at home and not get Starbucks and all their financial worries are fixed.

Edit: Also consider time saved prepping, cooking and cleaning. I agree it's still going to save if you cook at home but as far as time investment it's not that different. I spend an hour doing those things to cook for myself. To a family with limited time together you could do that at a restaurant instead of doing the chores.

I'm not saying everyone should do that, it just boggles my mind that people eat out so regularly but then tyrn around and clsim to not have money for like an oil change.

Re: prep time I'll just leave it at that it doesn't have to take even half that long including for multiple people.

 

[madguy30]

People also need to learn to simplify their meals as well. Not only does it make thing healthier, but it saves time and money.

Chicken breast/steak/pork chop
vegetables (steamed or roasted in the oven)
olive oil (for cooking roasted vegetables/cooking)
sweet potato (can bake them in the microwave)
salad and dressing

Not all meals need to be an elaborate recipe with 10 different ingredients

Are you copy/pasting me from the 'health and fitness' thread?

 

[wenkeej]

First official news report I've seen so far about this.

Deere lays off over 100 salaried employees on Wednesday

Salaried employees at Deere and Co. are being let go Wednesday morning.

www.kcrg.com

 

[AgronAlum]

You can cut the CEOs wage to nothing, how much will that 30MM increase employee wages. The issue out there is maximizing stock prices, you can’t maximize them and have large wage increases. So which do you prefer, then getting pay increases or you having a better 401k? It’s going to hit one or the other unfortunately.

They made 10 BILLION dollars in profit last year and spent 7 BILLION on stock buybacks (which were "illegal" until 1982) because they artificially manipulate stock price. Back when buybacks were "illegal" and corporate tax rates weren't cut to nothing, companies were forced to either pay their share of taxes or use the money for employees, facilities, expansion, innovation, etc. The net result of that was increased wages, better benefits and better working conditions.

All of that money is now sucked from wages and given to shareholders in the name of the all holy quarterly profit. If you're lucky enough to still be in that middle-upper class where you can max out 401ks and have other holdings you're probably doing very well. Just know it's ******* everyone below you.

 

[spierceisu]

I'm not saying everyone should do that, it just boggles my mind that people eat out so regularly but then tyrn around and clsim to not have money for like an oil change.

Re: prep time I'll just leave it at that it doesn't have to take even half that long including for multiple people.

It blows my mind how many people at my job go to Kwik Star or eat from the vending machine at work and these are the people that barely make any money. I saw a guy go on break and buy 2 energy drinks from the vending machine at over $3 each and then go to smoke a cigarette at the rest of his break and he probably makes $15-$20/hr. I almost always eat leftovers at lunch because eating out for lunch is so expensive. I don't know how people do it every day.

 

[AgronAlum]

People don't even know how greedy/wasteful they are in spending. They're just trying to keep up with everyone around them.

Look at subdivisions as a prime example.
One family gets the super overdone clunky adjustable $900 basketball hoop, then in three months there's 4 or 5 more.

Don't get me started on peoples' 'need' to eat out.

I'm not saying there isn't excess spending but lets not act like that's a new thing. When the average salary in the US won't even get you qualified for the average home price with 20 percent down, there's a wage problem.

 

[BWRhasnoAC]

I'm not saying everyone should do that, it just boggles my mind that people eat out so regularly but then tyrn around and clsim to not have money for like an oil change.

Re: prep time I'll just leave it at that it doesn't have to take even half that long including for multiple people.

Dishes? Cooking it? Going to the store. The time difference isn't as big as you think. I trade my free time for the money I save. When you don't have the coin there's not much choice in the matter.

 

[KnappShack]

It blows my mind how many people at my job go to Kwik Star or eat from the vending machine at work and these are the people that barely make any money. I saw a guy go on break and buy 2 energy drinks from the vending machine at over $3 each and then go to smoke a cigarette at the rest of his break and he probably makes $15-$20/hr. I almost always eat leftovers at lunch because eating out for lunch is so expensive. I don't know how people do it every day.

At my old job we had 25 cent venting machines.

$1.50 got you a 6 pack of Coke.

It was part of my comprehensive retirement game plan.

 

[Gorm]

good point. I don't drink much soda anymore but a Coke from McDonalds is pretty darn good.

The Diet Coke is equally as good as well.

 

[SCNCY]

The problem with these moves, as others have already discussed, are that they're driven by wall street. They want to see cashflow and profitability increase so the shares they own increase and make money. Problem is that their barrier to entry and exit are extremely low, as they can just hit a button and a second later they are no longer vested in the well being of the company. But those who are vested in these companies are the other stakeholders (customers, employees, communities) that have the pickup the pieces once the business starts to fall apart due to short term decision making.

 

[BryceC]

Fast food prices have skyrocketed recently. If i can get the meat on sale, I can have a steak dinner for the same price as a meal from McDonald's.

Bought my son a combo at Wendy’s on Monday and it was 14 bucks. My gosh

 

[AgronAlum]

Bought my son a combo at Wendy’s on Monday and it was 14 bucks. My gosh

 

[BWRhasnoAC]

Ever wonder why the price of everything goes up, profits go up yet wages we just can't touch?!! Greed.

 

[BoxsterCy]

At my old job we had 25 cent venting machines.

$1.50 got you a 6 pack of Coke.

It was part of my comprehensive retirement game plan.

IIRC the "Daily Special" in a vending machine in a frat at ISU one summer session (1973?) was 50 cents. They had rented out rooms for summer session. The "special" was Milwaukee's Best canned beer. Sorry for continuing the sidebar derail but your post reminded me of that and I had a nice chuckle over that memory.

 

[Pope]

It blows my mind how many people at my job go to Kwik Star or eat from the vending machine at work and these are the people that barely make any money. I saw a guy go on break and buy 2 energy drinks from the vending machine at over $3 each and then go to smoke a cigarette at the rest of his break and he probably makes $15-$20/hr. I almost always eat leftovers at lunch because eating out for lunch is so expensive. I don't know how people do it every day.

It's all about priorities. They've got theirs and you've got yours.

 

[CycloneDaddy]

Ever wonder why the price of everything goes up, profits go up yet wages we just can't touch?!! Greed.

My CEO got a 18.5% raise … hope he can make it on $30,000,000 a year.

Us common folk averaged 2%

 

[MugNight]

I know CEOs get paid a lot, but they are just wired differently. The high up executives I have seen juggle so many things at once and I have no idea how they can keep it all straight. They also are always on the clock. Many of them are working constantly through family functions and I'm sure the stress is super high. Not arguing that they are not overpaid, but I'm sure if the roles were reversed, many people would not be able to do their job, and the same goes the other way. I also feel that many professional athletes and celebrities are overpaid, but not as many are saying it is greed and say they should get paid if they can. I don't see people saying Lebron or Mahomes should take a huge paycut because they are greedy. Just throwing some thoughts out there.

I don’t disagree with you that a CEO has a deal with the devil so to speak, but there are plenty of hardworking people who are “always on the clock”, juggling multiple things, with a lot of people counting on them and I’d bet they are not compensated proportionally to a CEO for their daily stress. Life changing hours should = life changing compensation.

We all have 24 hours in a day, but C Suite folks have full time admin staff, drivers, catered/expensed meals, etc. Plus, they often have generational wealth waiting in a Golden Parachute safety net if they fail.

I don’t want a CEO’s lifestyle, because you’re married to your job. But I’ve been married to my job before and it wasn’t worth the price tag at that level.

 

[BWRhasnoAC]

My CEO got a 18.5% raise … hope he can make it on $30,000,000 a year.

Us common folk averaged 2%

We just don't understand what it takes to be a CEO. We're all just blowing our massive salaries on McDonald's.