SHARE
TAGS
<< Back to listing
Vote up (28) down (30)
TYT - Outrageous corporate greed from Caterpillar

TYT - Outrageous corporate greed from Caterpillar

(4:53) Heavy machinery manufacturer Caterpillar Inc. are seeking major concessions during contract negotiations with striking workers, even as they make billions in profits and give CEO Doug Oberhelman a 60% pay boost. Earlier this year (Jan 2012) Caterpillar locked out 465 Canadian workers in London, Ontario for refusing to accept a 50% pay-cut and a reduction in their pension and other benefits. It's enough to make Cenk Uygur's blood boil. Get money out of politics: wolf-pac.com/

You can comment as a guest, but registering gives you added benefits

Add your comment
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: Hoorah (3287 days ago)
Screw those who believe the people who are responsible for making a company profitable. Why I may not necessarily agreee with cutting the wages of those who make the company work. We have got to begin embracing those who are SUCCESSFUL and STOP being so freaking jealous of those who make it to the top I'm NOT a CEO of a company, I am a middle class, blue collar worker who believes deeply in the principals of business. Punishing those who are responsible for success will be the downfall of this GREAT NATION!
ReplyVote up (149)down (109)
Original comment
Screw those who believe the people who are responsible for making a company profitable. Why I may not necessarily agreee with cutting the wages of those who make the company work. We have got to begin embracing those who are SUCCESSFUL and STOP being so freaking jealous of those who make it to the top I'm NOT a CEO of a company, I am a middle class, blue collar worker who believes deeply in the principals of business. Punishing those who are responsible for success will be the downfall of this GREAT NATION!
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: Submitted as a guest (3291 days ago)
Screw Caterpillar, I can live without then anyways.
ReplyVote up (133)down (111)
Original comment
Screw Caterpillar, I can live without then anyways.
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: andres.ross (3290 days ago)
ReplyVote up (136)down (124)
Original comment
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: Mr. Blair M. Phillips (3288 days ago)
Hitachi and Volvo make heavt equipment don't they?
ReplyVote up (124)down (120)
Original comment
Hitachi and Volvo make heavt equipment don't they?
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: (3290 days ago)
Caterpillar foot wear suck anyway. So what if they screw over the country that helped them become successful. Why should they care? They are now using personnel in countries that don't have unions, employment laws etc. everything is good. But what Caterpillar like all conscienceless scumbags fail to realise is, why did unions and employment law come about? Because conscienceless scumbags screwed over their employees. And how did things turn out? Employees banded together to prevent the scumbags getting their way. So Caterpillar, are you going to have to repeat the past because you were to selfish to learn from it? Looks that way. And you can bet on a global boycott to go with your lack of learning from the past. Buy Doctor Martens instead because they're cooler and don't repeat the failings of the past.
ReplyVote up (121)down (124)
Original comment
Caterpillar foot wear suck anyway. So what if they screw over the country that helped them become successful. Why should they care? They are now using personnel in countries that don't have unions, employment laws etc. everything is good. But what Caterpillar like all conscienceless scumbags fail to realise is, why did unions and employment law come about? Because conscienceless scumbags screwed over their employees. And how did things turn out? Employees banded together to prevent the scumbags getting their way. So Caterpillar, are you going to have to repeat the past because you were to selfish to learn from it? Looks that way. And you can bet on a global boycott to go with your lack of learning from the past. Buy Doctor Martens instead because they're cooler and don't repeat the failings of the past.
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
cengland0 cengland0 (3283 days ago)
First off, labor is part of the supply and demand model. If the worker is not happy with the pay they are receiving, they have the option to quit and go somewhere else if they believe they can make more money elsewhere. It doesn't matter how much money Caterpillar makes, that has nothing to do with the pay of the employees. If a company has a loss, should the employees have to pay out of their own pockets then? Instead of those workers getting paid an hourly wage, what Cenk Uygur wanting as their pay method? A percentage of the profits? What about the stock holders, they are the ones that own the company and it's the duty of the CEO and board to make as much profit as possible for their shareholders. I own my own business. So if I hire a secretary to help me organize my files and answer my phone, should I give that secretary millions in pay if I make millions in profit? Or, should I pay the secretary what is customary for that geographic area?
ReplyVote up (120)down (124)
Original comment
First off, labor is part of the supply and demand model. If the worker is not happy with the pay they are receiving, they have the option to quit and go somewhere else if they believe they can make more money elsewhere. It doesn't matter how much money Caterpillar makes, that has nothing to do with the pay of the employees. If a company has a loss, should the employees have to pay out of their own pockets then? Instead of those workers getting paid an hourly wage, what Cenk Uygur wanting as their pay method? A percentage of the profits? What about the stock holders, they are the ones that own the company and it's the duty of the CEO and board to make as much profit as possible for their shareholders. I own my own business. So if I hire a secretary to help me organize my files and answer my phone, should I give that secretary millions in pay if I make millions in profit? Or, should I pay the secretary what is customary for that geographic area?
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
WalterEgo WalterEgo (3281 days ago)
Do you believe a business (above a certain size) has a social responsibility?
ReplyVote up (134)down (108)
Original comment
Do you believe a business (above a certain size) has a social responsibility?
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
cengland0 cengland0 (3281 days ago)
Latest comment: Only as far as it not affecting shareholder value. Your term "Social Responsibility" seems socialist in a way. Do you know how much these Caterpillar employees make on average? Think that's more or do you think that's less than a salesperson at Sears?
ReplyVote up (110)down (102)
Original comment
Latest comment: Only as far as it not affecting shareholder value. Your term "Social Responsibility" seems socialist in a way. Do you know how much these Caterpillar employees make on average? Think that's more or do you think that's less than a salesperson at Sears?
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
Guest: Guestaaah (3290 days ago)
B*stards closed the factory in Canada and moved it to the US after offering a 50% wage cut. Bargaining in good faith LOL
ReplyVote up (111)down (131)
Original comment
B*stards closed the factory in Canada and moved it to the US after offering a 50% wage cut. Bargaining in good faith LOL
Add your reply
Submit as guest (your name)

Copy code captcha


Submit as member (username / password)

CANCEL
RELATED POSTS
Corruption is legal in America
Corruption is legal in America
NowThis | AOC slams latest COVID-19 relief bill
NowThis | AOC slams latest COVID-19 relief bill
Jeffrey Sachs: "Trump understands nothing, listens to nothing” as pandemic surges in US
Jeffrey Sachs: "Trump understands nothing, listens to nothing” as pandemic surges in US
TYT | Bernie Sanders targets corporate power
TYT | Bernie Sanders targets corporate power
Do we need industrial agriculture to feed the world?
Do we need industrial agriculture to feed the world?