Watch Carrier tell 1,400 Indianpolis employees their jobs are being sent to Mexico

[_CY_]

guess which HVAC units customers/installers are going to avoid? no telling how many easter eggs/bombs will accidentally slip by QC

sure hope this is a tactical ploy by management against union negotiations ..

 

[p238shooter]

Stockholders, which I presume some some employees are a small part of to some extent, generally are the ones that approve or disprove an Execs compensation, and in my opinion, they are either very smart or the problem keeping this person on board if their future returns are low. If they are not happy with paying their president of the company that amount of money for his expertise to continue their return, be it a job of leading the staff to produce a marketable product or providing stock gains for their investment, fix it. I am sure stockholders can put an ad in the paper and find a different leader to put in place who will take the position for less money.

Why has not that happened if the majority of stockholders think he is being paid too much or making bad decisions? Feeding profit to the stockholders is the only reason this company exists, it does not exist just so they can employ people. No private business operates like that, they do not have to opportunity to demand funds from their potential customers like our government does, they have to find a way to earn it in a competitive market.

Unless the president of the board owns the majority of the company stock like I did with my small company, he can be replaced. We are not quite in a socialist country yet, at least on the private business side, he can be replaced.

In my case I was the major 100% stockholder and could not be replaced, but no one was forced to continue to work for me. Anyone could quit working for me any day they wanted even though it was very hard for me to fire an unacceptable employee.

After struggling to keep the doors open for 7 years I finally started turning a profit and was able to pay back my debts. Then, I started writing checks to my self and depositing that profit into my personal bank account after paying an average of 52% combined taxes right off the top. My book keeper could leave at any time if she was not happy with my "compensation" vs hers.

Overall through turn over, I had good employees and I feel I treated them well with their pay scales and benefits, but my job was not done at 5PM each evening, and I had very few weekends off for 15yrs. I took all the risks with all my money and risked borrowing more, I spent the long hours working late into the nights and and then waking up worrying in the middle of the night thinking how to make it work better. I have no remorse that I finally made a profit and could put that money in my personal bank account for my compensation.

Anyone can send a letter to the Stockholders and offer to take over the position as president of the board and name the compensation you feel appropriate. Or if you think it is so easy to make a lot of money running a company in this day and age, look into what it takes start your own business and go for it. I would then then multiply that overhead of money and time by 3 and you might be able to survive IF everything goes as planned.

So far private industry is not required to pay anyone a certain amount of money low or high, except for minimum wage. But depending on the outcome of our next election, that may change. USSA does not have a good ring to it for me.

Because of the current business friendly attitude by our government, apparently this president of the board is looking at "capitalizing" on the conditions provided in Mexico vs USA to do his sole job of making money for his Stockholders. You can place the blame many places, but it all tracks back to one source problem.

I truly hope you and everyone reading this will continue to have the opportunity to be a "capitalist." Capitalize on using your education and skills to negotiate the best compensation package you can with what ever company will offer it for your efforts whether you be a worker, supervisor or president of the board.

Wife has two friends in Indiana that will loose their jobs. It is sad that we have "regulated" ourselves out of the competitive market in almost all areas. Bad deal.

 

[RidgeHunter]

I answered the question.

You're startin' to pick up Hoddy's style of discourse.

 

[Shootin 4 Fun]

You're startin' to pick up Hoddy's style of discourse.

Go pleasure yourself with a cheese grater.

 

[montesa]

The more good jobs there are in Mexico the less Mexicans will want to move here. Maybe we'll eventually be poor enough for them to move the manufacturing back here.

 

[davek]

By moving manufacturing to Mexico he will increase profits that much.

Shouldn't the CEO job also be outsourced to Mexico then?

 

[Shootin 4 Fun]

Shouldn't the CEO job also be outsourced to Mexico then?

Why? The CEO isn't a floor supervisor.

 

[Glocktogo]

Why? The CEO isn't a floor supervisor.

Are you saying a Mexican CEO couldn't provide an equal or higher ROI for less money?

 

[dennishoddy]

Are you saying a Mexican CEO couldn't provide an equal or higher ROI for less money?

Sounds racist?

 

[Shootin 4 Fun]

Are you saying a Mexican CEO couldn't provide an equal or higher ROI for less money?

Yes....unless we're talking about running drugs.