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Current Events » in reply to That was an easy swipe

Re: That was an easy swipe

First, you know perfectly well those millions aren't going to be divided equally. A few at the top will get the most.

Second, not all those left out of this giveaway will be "janitors". Many will be skilled employees who helped build that company making real contributions over long careers, not just corporate drones.

Third, paying executives with stock is just a tax dodge so they can be given preferential compensation due to the capital gains being taxed at a lower rate. It's a scam from the git-go. Replacing a plunging stock with cash taken from others, like suppliers and creditors, is just a way of channeling the profits to their pals while insulating themselves from the losses. in other words, corporate welfare, privatize the gains, socialize the losses.

Fourth, Kodak made and sold lots of high tech products besides Brownies and Kodachrome, including computer peripherals and consumables. If the company can no longer compete in that marketplace, maybe its the guys in the front office who should be getting hosed, not the guys in the the labs or the shop floor.

This unquestioning making of excuses for corporations is what is really tiresome. Besides, I don't feel myself prejudiced at all. Read my other post, about what I used to like about the company.

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