John Deere as corporate punching bag

KidSilverhair

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Dec 18, 2010
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Rapids of the Cedar
www.kegofglory.blogspot.com
Has anyone taken a moment to think about how John Deere the corporation is feeling right now? It has feelings too. They only made like $10 billion last year, yeah record profits, but what if they only make $9 billion this year? You can't run a company on only $9 billion of net income.

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bos

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Apr 10, 2006
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btw, I love reviewing resumes. If you have anyone who is now in need of refreshing, send it my way. I spent 10 yrs in ag.
Nerd.

Ha, thats awesome. I brushed mine up lastnight for the first time in a decade and man is it out of touch now. Brutal.
 
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Big Daddy Kang

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Again. This is what we signed up for with companies turning to public shares vs private ownership. Everything is about short term. John Deere isn’t unique. Shareholders put a CEO in place to maximize profit and pay them well to make sure they own them. If that ends up crushing the business, no worry. They’ll have divested by the time it crumbles and they move on to the next

I am ok with looking out for yourself, but there are so many people that change jobs every year chasing the almighty dollar and never seem happy anywhere. That can't look good on an application for a new job.
 

alarson

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Root cause being the interest rates on student loans make it difficult for young people to pay down their loans in a reasonable time period?
Root cause being state governments not keeping up their end of the bargain, decreasing per-student funding over time, putting more of the burden on students which shows up in loans.

That's a big part of why forgiveness makes sense. It essentially fixes a lot of a government-created problem
 

BCClone

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Not exactly sure.
Nerd.

Ha, thats awesome. I brushed mine up lastnight for the first time in a decade and man is it out of touch now. Brutal.
I’m not even sure what I’d do if I needed a real one. Last one I put effort in was college. Rest of my jobs I was told to just give them something to be on file since I was hired away from my current job.
 
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FancyRex

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Nerd.

Ha, thats awesome. I brushed mine up lastnight for the first time in a decade and man is it out of touch now. Brutal.
I reformatted mine and updated it about 3 months ago. It was not fun.

Its amazing how many times they just get thrown out by robots these days.

I applied for a position in Colorado like 10 times and would get an email back in 3 minutes thanking me and letting me know they were not interested in moving forward.
 

bos

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I reformatted mine and updated it about 3 months ago. It was not fun.

Its amazing how many times they just get thrown out by robots these days.

I applied for a position in Colorado like 10 times and would get an email back in 3 minutes thanking me and letting me know they were not interested in moving forward.
Yeah, I submitted mine for a tech company and got a response similar. Didnt have a denial yet, instead I got this

"Thank you for applying to ..... and the ..... opening. Due to the high volume of applications received, we may be unable to contact each applicant individually. Still, we will be reviewing each application thoroughly and be sure to let you know whether there's a match between your experience and this opportunity.""


Thats totally an AI resume reader, right?
 

Dopey

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Nov 2, 2009
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Only tangentially related, but one thing I'll point out is if your job can be done from home, then it can be done from India.

I got burned for this extensively in the Progressive Remote Work thread.

Never said I agreed with it, but just pointed out the obvious cost cutting lever when the inevitable down turn came.
 

BryceC

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Yes. The deal the UAW got for themselves in the last strike is so overwhelmingly one sided that it is causing financial issues for other divisions of the company.

This just isn't a thing. I can promise you.
 

FancyRex

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Jan 19, 2023
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Yeah, I submitted mine for a tech company and got a response similar. Didnt have a denial yet, instead I got this

"Thank you for applying to ..... and the ..... opening. Due to the high volume of applications received, we may be unable to contact each applicant individually. Still, we will be reviewing each application thoroughly and be sure to let you know whether there's a match between your experience and this opportunity.""


Thats totally an AI resume reader, right?
A lot of major companies are moving to AI early review. So basically take 100 resumes and leave behind 5 candidates they will actually interview.
 

Tre4ISU

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If you're under 40 I'm not. People who are privileged in this environment are why we're here. They don't care about the little guy. I got mine is their motto.
I'd be happy with a market that gave everyone what was enough to prosper. Not just the people who are on the gravy train because they were born early enough to get on the train.
A 2% investment isn't even covering inflation under normal circumstances. It surely isn't "prospering."

I don't know if it is the case with Deere, but the US tariffs on Aluminum and Steel from China are indirectly making a lot of companies move Automotive manufacturing to Mexico. Companies have found a loop hole to avoid the tariffs. They can ship the Chinese Aluminum and Steel into Mexico and then stamp parts in Mexico. The parts are not subject to the same high tariffs, so companies bring the parts into the US and avoid the tariffs. This has caused many parts that were once sourced to US companies to now be sourced to companies in Mexico. This has also caused companies to move operations from the US to Mexico. The cost savings is huge in most cases.
I go back and forth on the tariff stuff and don't really know where I shake out but I don't know that there's another way to encourage US manufacturing other than punishing offshore manufacturing. That's also why I'm generally in favor of bilateral trade agreements vs multilateral ones.
 

BWRhasnoAC

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A 2% investment isn't even covering inflation under normal circumstances. It surely isn't "prospering."


I go back and forth on the tariff stuff and don't really know where I shake out but I don't know that there's another way to encourage US manufacturing other than punishing offshore manufacturing. That's also why I'm generally in favor of bilateral trade agreements vs multilateral ones.
Welcome to the problem. Wages haven't kept up with inflation for decades. I would have suggested 3% but that's not typical for the US economy so I was being realistic.

My point is the high earners are insulated from this stuff at the expense of the middle class. It's not right.
 
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mustangcy

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Apr 11, 2006
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This all comes down to not working for publicly traded companies. Work for family owned, its that simple. If a publicly traded company offers you a better position...turn it down. I work for a privately held company that competes in some of JD's markets and I would never in a million years work for JD, and I have been lured to work there multiple times. Not. Gonna. Happen.

There ARE good companies out there but you won't find them in your portfolio.
 

FancyRex

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Jan 19, 2023
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This all comes down to not working for publicly traded companies. Work for family owned, its that simple. If a publicly traded company offers you a better position...turn it down. I work for a privately held company that competes in some of JD's markets and I would never in a million years work for JD, and I have been lured to work there multiple times. Not. Gonna. Happen.

There ARE good companies out there but you won't find them in your portfolio.
I've worked for those little guys. They pay a fraction of what the big guys pay and offer a quarter of the benefits because its all they can afford.

I get your point but its not that simple.

I am glad it worked out for you, don't get me wrong. But in my field. Those little guys are dying faster than the big guys are laying people off.
 

bozclone

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A 2% investment isn't even covering inflation under normal circumstances. It surely isn't "prospering."


I go back and forth on the tariff stuff and don't really know where I shake out but I don't know that there's another way to encourage US manufacturing other than punishing offshore manufacturing. That's also why I'm generally in favor of bilateral trade agreements vs multilateral ones.
I don't mind tariffs against China, because the Chinese don't play fair. They don't play by the same rules as the rest of the global market. The problem is that our government often tries to do something to help American business and doesn't fully understand the situation so they end up making things worse.
 

IcSyU

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Nov 27, 2007
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This all comes down to not working for publicly traded companies. Work for family owned, its that simple. If a publicly traded company offers you a better position...turn it down. I work for a privately held company that competes in some of JD's markets and I would never in a million years work for JD, and I have been lured to work there multiple times. Not. Gonna. Happen.

There ARE good companies out there but you won't find them in your portfolio.
That sounds amazing on paper until you look at the budget. Typically the smaller company is going to have a lower salary and fewer benefits. People typically are just scraping by as it is. Leaving money or benefits on the table isn't an option.
 

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