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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (35503)	5/12/2009 12:07:28 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "You'll get no argument from me..why do companies force people to retire at 62, or fire them at 55? They don't want to pay and want the government to pay for them." Well... if you can hire some 'kid' for half the pay, (or, better yet, outsource the job overseas at one sixth the cost), I think it's obvious what they are up to. I think the problem traces back to the fact that our companies are tightly in the grip of the managers instead of the investors. (The upper-level managers are mostly interested in arranging for a couple of years of multi-million dollar paychecks for themselves... reissuing and repricing giant options grants so they are always in the gravy... but the investors --- the putative OWNERS --- are given short-shrift. And the employees are the first to be tossed overboard....)