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Non-Tech : American Express (AXP)

AXP 360.73

+0.5%

Oct 31 9:30 AM EST

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To: Dolfan who wrote (165)	4/15/2002 8:15:58 PM
From: ms.smartest.person	Read Replies (1) of 179

The outsourcing began before the bubble - we have gone from a commodity producer to a service providing country. I am not pro-union, but the mass movement of US manufacturing out of the US, would not have been as easy if the unions were more powerful. Our coming generations will have poorer choices for employment, along with poorer incomes. IMO it is obscene for a CEO to make 10's of millions of dollars annually. Changes in how corporations treat stock options will take care of some of that, but they will find a way around regs. Shareholders don't pay enough attention to what the execs make. As an HWP shareholder, I was very annoyed at the $s CEOs of HWP & CPQ were (according to Hewlett) going to receive if the merger happened. Carli said working on the merger took 100,000 man hours - so what! She is already being paid more than she is worth. Corporations keep on bidding up salaries and now the sky's the limit. Need someone to take up the cry, like Bill O'Reilley on Fox - probably not something he feels strongly AGAINST.

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