balbo...@att.net (Salah Balboul) writes: > This is "Capitalism", making money is king. Every large corporation > tries to sell this "Job Loyalty" to workers, however, rest assured > this is a one sided affair. They want you to be loyal. > > Then again, think about it. When you start your employment at any > company, the first thing you agree to is "At will employment", your > employment with any company is a voluntary one subject to termination > by you or company at WILL, with or without cause and with or without > notice....etc.
June1940, Germany had a victory celebration at the NYC Waldorf-Astoria with major industrialists. Lots of them were there to hear how to do business with the Nazis http://www.amazon.com/Man-Called-Intrepid-Incredible-Narrative-ebook/dp/B00V9QVE5O/ Later 5000 industrialists from across the US had conference at NYC Waldof-Astoria and in part because they had gotten such bad reputation for the depression and supporting Nazi Germany, they approved a major propaganda campaign to equate capitalism with Christianity http://www.amazon.com/One-Nation-Under-God-Corporate-ebook/dp/B00PWX7R56/ Results in the 50s include adding "Under God" to the pledge of allegiance and "In God We Trust" to currency AMEX is in competition with KKR for private-equity take-over of RJR. KKR wins, but runs into some trouble with RJR and hires away president of AMEX to help turn it around. https://en.wikipedia.org/wiki/Barbarians_at_the_Gate:_The_Fall_of_RJR_Nabisco IBM then has gone in the red and was being reorganized into the 13 "baby blues" in preparation to breaking up the company. The board then hires away the former president of AMEX to reverse the breakup and resurrect the comapny ... using some of the same techniques used at RJR. http://www.ibmemployee.com/RetirementHeist.shtml The industry had gotten such a bad reputation during the S&L crisis that they changed the industry name to "private equity" and "junk bonds" became "high yield bonds" The former AMEX president then leaves IBM and becomes the head of another large private-equity company ... one of the take-overs is the beltway bandit that will employ Snowden, there was huge gov. outsourcing last decade to private equity owned subsidiaries; 70% of intelligence budget and over half the people http://www.investingdaily.com/17693/spies-like-us/ Both KKR and Carlyle recently show up in this (in large part harking back to the "IBM Retirement Heist") https://www.nytimes.com/2017/02/03/your-money/estate-planning/fiduciary-rule-is-now-in-question-whats-next-for-investors.html and https://theintercept.com/2017/02/06/donald-trumps-executive-order-will-let-private-equity-funds-drain-your-401k/ other The Champions of the 401(k) Lament the Revolution They Started http://www.wsj.com/articles/the-champions-of-the-401-k-lament-the-revolution-they-started-1483382348?mod=e2fb posts mentioning private equity http://www.garlic.com/~lynn/submisc.html#private.equity trivia: we had left the IBM but get a call from somebody in the bowels of Armonk about helping with the breakup of IBM. Business units had MOUs with other divisions to work off their supplier contracts. With the this units in different corporations, all these MOUs would have cataloged and turned into real contracts. Before we get started, the board has hired a new executive to reverse the breakup -- virtualization experience starting Jan1968, online at home since Mar1970 ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
