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Microcap & Penny Stocks : Z - The Venator Group -- Ignore unavailable to you. Want to Upgrade?

To: L. Cheng who wrote (60)	7/26/1999 3:24:00 PM
From: Duker	Read Replies (1) \| Respond to of 66

L. Cheng, Congrats, you fall under the protection of the Age Discrimination in Employment Act of 1967 (as you are >40 years old)!!! <g> I am not familiar enough with the EEOC to state that the organization does not serve a function in our society. I am sure it does. (After all, it has a mission statement!) I would guess, however, that the heavy hand of the Federal Government intervening in this and other issues regarding 'Equal Employment' is far from efficient ... Perhaps that is as it should be. Some info: EEOC Budget and Staffing -- The EEOC's fiscal year 1998 budget appropriation was $242,000,000, including $27.5 million for payments to the FEPAs. -- For fiscal year 1999, Congress approved the President's request for $279,000,000, including $29 million for the FEPAs. -- Due to limited budgets throughout the 1980's and into the 90's, the EEOC's complement of full time employees fell from a high of 3,390 in 1980, to 2,544 at the end of fiscal year 1998. The decline in resources came at the same time the agency's enforcement obligations substantially expanded due to new statutory responsibilities. Charges under the ADA, enacted in 1990, currently account for nearly one quarter of EEOC's caseload. -- In addition, charge filings increased following the enactment of the Civil Rights Act of 1991. The increase has been particularly dramatic with regard to sexual harassment charges. Overall, charge filings have jumped from 62,135 in fiscal year 1990 to around 80,000 in both fiscal years 1997 and 1998. -- Approximately 90% of the agency's budget is allocated to fixed costs such as salaries, benefits, and rent. This is due to the highly personnel intensive nature of the EEOC's work in investigating, resolving, and litigating charges. However, it also means that only 10% of the agency's budget is available for such critically important functions as litigation support, technology, and staff training. From: eeoc.gov That said, some issues, including Civil Rights, can not be reduced to a line item on a budget. I am a firm believer in this Country, its Constitution, and its Bill of Rights ... and I believe that it is the role of the Government to enforce and police the laws that govern our society. I am, however, concerned that the economic reality of a company in financial duress is not well understood by this or any other government entity. Nor am I completely persuaded by the noble goals of this commission. This and many other 'watchdog agencies' are too closely tied to the cancer that is the majority of our nation's plaintiffs attorneys. Thanks for your post. Good luck at Stern (Sorry you are stuck in NYC!!!). --Duker, under 40 year old, male, American, MBA, Bostonian, Sox Fan/Yankee Hater