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No rewards for hard work

January 15, 2013

Editor, OBSERVER: Ralcorp announces plant closings in our area and the only comment from them was; “was due to re-allocation of manufacturing to maximize capacity and capabilities at other facilitie......

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(28)

commentor

Jan-15-13 7:07 AM

I'm afraid this is the new "American Way". Greed and big corporations.

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Bandit

Jan-15-13 7:41 AM

Is this guy serious? This is exactly the point I was attempting to make in a comment in Mr. Christophers column. Here is what you tell your students Mr. Catalano (though I am sure you will NOT) You tell them that sometimes even though they think they have done everything correctly they may not get the results they had hoped for. That does not mean you start whinining about how victimized you are that means you re-assess and if necessary start from scratch. It means you do not give up or give in. It means that life is not always a bed of roses and that there are GOING to be hardships. It means that there ARE people who will for whatever reason not have the interests of anyone else but their group as a agenda. I am not defending Ralcorp or any other corp. You didn't see anyone complaining all the years those corporations were writing paychecks, did you? You might tell your students to study Thomas Edison as a primer on tenacity.

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Bandit

Jan-15-13 7:45 AM

"As an area teacher for many years..."

I am betting he does not teach Business.

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DKexpat

Jan-15-13 8:04 AM

"This move by Ralcorp is simply not the American way."

But it is. Consolidation, mergers, acquisitions = bottom-line decision making = economy of scale = shareholder value = the American way.

"A job well done is it's own reward" isn't the mantra of big business, especially the larger the company.

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Marcia

Jan-15-13 8:52 AM

Add to the fact that the president of Ralcorp is making $27,000,000 for one year's work. They had to cover that one salary somehow, so why not lay off hundreds of people.

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Bandit

Jan-15-13 9:44 AM

Hmm. Methinks Marcia doesn't teach Business, either. Ryan Fitzpatrick's average yearly salary is almost $9m. Why don't they get rid of him and give out free Bills tickets? Arod makes about $27M a year - free Yankees seats and by golly maybe even a hot dog by getting rid of him. The reason that doesn't happen is because without those people there would be LESS reason for fans to attend games. (Sorry, Fitzpatrick is a poor way to prove the point, but I was trying to stay local) So if the president of Ralcorp does in fact make $27m and that is distressing to you, I suggest your buying a ton of Ralcorp stock, stage a coup, and unseat him. Until then, you will have to live with the fact that the stockholders and board at Ralcorp think that salary is fair.

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Marcia

Jan-15-13 12:52 PM

Actually the issue of board of directors is interesting. Many CEOs serve on several other companies boards. They they take turns giving each other raises, because they deserve it, according to bandit. And using an entertainer's salary as a comparison doesn't work with me because I think they are grossly overpaid too.

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rumblefish

Jan-15-13 3:38 PM

companies are in business to make the most profit they can,when you have increased cost: workman comp. ,utilities,raw goods etc. ask yourself this; if it was your company,would you not move to a place with reduced costs to do business,why of course you would,and a teacher complaining about greed ,when the city school system budget is 40mill.,how much of that is wages and benefits do you think

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localresident

Jan-15-13 7:08 PM

It's all in the point of perspective. If Ralcorp pres was making 20 million and Marcia was making 21, oh well. But if he's making 20 and she's making 19, then OOOOOUTRAGE. This guy is a businessman. He likely went to school, studied, took chances, got promoted, and worked his way up, and made it to the top. For every one of him, there are 1000 who were just as talented, but didn't have the good fortune for one reason or another. This guy also is the one who answers on Capitol Hill (when some of the product that his company makes, but not hiim personally) why a batch caused food poisoning. HIS neck on the line, not the people in Batching, Production, etc. some people are teachers, some are sailors, some farmers. He is a businessman.

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localresident

Jan-15-13 7:20 PM

Bandit, because NY makes it as un-enticing as it is to do business here, the only thing left to do is complain. Anyone remember when there were two auto plants looking to build brand new jobs here in the late 1980's, and they had 400+ jobs apiece. All they asked for we're some tax breaks to which Gov Cuomo (the idiot father, not the current worse-and-more-lecherous version) said "Umm, nope!". To which they went elsewhere, built their plants and are still in business today....except for Saturn, who GM shuttered (Thanks, Obama!). To Cuomo Pt 1, it was not worth hundreds of jobs to give out a few years of tax incentives, nevermind providing a way of life for a lot of people here. But then again, WNY is nowhere close to being within a 20-mile radius of Manhattan, so we got the big F U.

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MikeDavis

Jan-15-13 9:06 PM

You might tell your students to study Thomas Edison as a primer on tenacity. Tenacity? yes, Morals? no. Look up what he did to Tesla. If the greedy b@asterd had kept his word to him there is no telling what advancements could have been made by the two working together. And stock holders don't give a rip about a stocks price if it is paying a nice dividend every quarter. Look at some of the higher dividend paying stocks. There is one that is less than 6 dollars a share and it pays 1.20 a year in dividends! The stock price won't go to the moon but the income generated is nice indeed. And not one stock holder is yelling to cut costs or move jobs.

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Bandit

Jan-15-13 9:15 PM

Local I think what would make Marcia happiest would be to take all the salaries of everybody in the U.S.(or the planet) and put it in one account and then write each person a check for an equal amount. That seems fair, somehow. I guess if you are a do nothing crackhead it would be great. If you happen to have acquired an MBA and formed your own business, not so much. I am all for a meritocracy.

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Marcia

Jan-16-13 8:51 AM

Seriously, you are calling me a do-nothing crackhead? You don't even know me and there is no need to personally insult me. But that just shows the level of discussion on the right. And for your information, I have been employed for the last 38 years, have never been unemployed in my adult life.

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Marcia

Jan-16-13 9:00 AM

According to Bloomberg News: "The report also showed the income gap between rich and poor people grew to the widest in more than 40 years in 2011 as the poverty rate remained at almost a two-decade high." The wealth continues to be in the hands of fewer and fewer people. Many always talk about how things were much better 30 or 40 years ago. That is when the income disparity was much less. And our country was growing and creating more innovations.

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Bandit

Jan-16-13 9:40 AM

Marcia. Breathe. Re-read the post. Where does it say that YOU are a "do nothing crackhead"? It doesn't does it?

I was using two extremes to make the point about economic justice.

All better?

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DarkStar

Jan-16-13 11:48 AM

I don't really care what the CEO or Ralcorp makes, for the simple reason that I am not forced to contribute to that rate of pay and can refuse to buy their products.

Ironically Marcia has no problem with the government taking $44 million dollars from taxpayers, under threat of force, to pay for fewer then 1,200 students in the Dunkirk schools.

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localresident

Jan-17-13 1:19 PM

That is very funny DarkStar. At least if I buy RalCorp's product (thereby contributing to the president's salary/benefits), at least I'm getting something for my money, as opposed to the 3G I'm forced to hand over, and I don't have kids.

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localresident

Jan-17-13 11:44 PM

Oh btw, I hand over 3G every year in school taxes. As long as I own property here, (which i desire to do less every year), I give but don't get from the thankless school district every year.

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Marcia

Jan-18-13 10:40 AM

localresident, have you ever had a child attend a public school? If so, then I'm sure you've gotten your money's worth.

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MikeDavis

Jan-18-13 7:49 PM

If you have been unfortunate enough to have a child in the public education system in the last ten years I feel for you. The level of incompetence for the graduating class has increased every year. No?Ask graduating students some basic knowledge questions and see how many correctly answer. Most can't fill out a simple multiplication table nor tell you what a verb is...but ask which political party is the one for the future and you can bet the farm (you have) they will say democrat. Like a good little unthinking drone. The answer to any and all problems is throw more money at it.

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robert

Jan-19-13 9:16 AM

Actually Mike i have two grandchildren going to Fredonia Public schools and they seem to be quite intelligent. Good english, the can do math, they know basic history....perhaps I am missing something. are you using your own children as an example and if so that may explain some of your misinformed statements.

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robert

Jan-19-13 9:19 AM

Your view that the education system is tilted to the dems is another myth the paranoid right likes to use. lets see, liberal media, liberal education system, more registered liberals and yet which party has had more presidents elected? I will let you look that one up. Its always the poor poor righties, always a conspiracy. you would think you guys would get tired of it.

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225522

Jan-20-13 9:41 AM

When some of you get to be the CEO of a company then you decide which plants stay open and which plants you may have to close/relocate.

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MikeDavis

Jan-21-13 6:48 PM

Yes Robert, the Republicans are evil incarnate, the democrats can do no wrong. Please just take my income and give it to a more deserving family. I only work for it, no way I should be allowed to keep it. And take the guns, I know I'll be safe because there is no way a criminal will have a weapon. And a government has never gone rogue and killed it's own citizens because they were powerless to stop it. Is that good enough? Or is there a little more of a sheep I should act like to be a good "citizen" in your eyes? One day your grandchildren will look back and wonder exactly where their freedoms went. And they can look to you and give a heartfelt Thank you, Grandpa. My "paranoia" as you call it isn't for tomorrow. It's for when my grandchildren are my age, the systems broken now. What's it going to look like in forty years with basic freedoms going away a little at a time. Can you "get" that or is it over your head?

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MikeDavis

Jan-21-13 7:27 PM

Yes Robert, everyone knows the Teachers unions sends equal amounts of political contributions to both parties. And the media doesn't say things like "The head of the NRA should be shot" Piers Morgan. Or the chief political analyst for NBC news says Obama needs to "annihilate the GOP" That's not biased, that's just reporting the news. Now who's blowing smoke?

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