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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (65648)	6/29/2004 7:49:35 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

I agree with you 100%. There is a creeping sense of entitlement in the U.S. that scares me. It's starting to become a normal part of the American psyche. There used to be a day when the largest portion of the American psyche was the will to be a fierce competitor. THAT along with our creativity is our competitive advantage. It's hard to swallow for the tech workers though. Going from earning $100K to being unemployed or having to swallow a $60-70K salary must be somewhat humiliating. But that's life. I'll tell you that from where I sit, the one's who survived the axe remade themselves from senior coders into tech leads and offshore managers. That way they show the company that they are valuable apart from sitting in their cubes coding. So now, the tech leads/technical managers I work with participate heavily in large scale system design and code stubbing. Then they have a very tight code review process. That's how survivors are. They find a way to stay valuable even when the industry around them is changing making their old role less valuable.

To: Kirk © who wrote (65648)	7/1/2004 12:32:54 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

the trouble in the US is we have too many who want to blame others for their lack of effort PLUS they think they deserve an easy life/job just because they are Americans. I totally agree with you here, actually. We've got to do something about these CEOs and CFOs, they are totally out of control compensation wise and not globally competitive. CFOs in india make $150K/year, no options. Financial management is not worth what we pay for it. Plus the number of VPs at many tech companies is out of control, AND if the entire operation is offshore we should be moving the management offshore too where some real cost savings can be had. At this point, the "spoiled american" cliche really applies to MANAGEMENT. This is going to be a tough nut to crack though.