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You may have just fell off the turnip truck if you think...
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<blockquote data-quote="pretzel_man" data-source="post: 785756" data-attributes="member: 927"><p>Last time I looked, our compensation was still about the industry average. Well above it. The lack of growth is the issue.</p><p> </p><p>A real owner only takes a reduction as the last resort?? Not sure about that one. Multiple family members and friends own their own business. They all took deep cuts with the recession. Things are better now, but they were the first to feel the pinch, not the last.</p><p> </p><p>So, you make the call. Where do the cuts come from? </p><p> </p><p>Charge customers more? They are already paying a premium. </p><p>Reduce profits, dividend? Already no growth for the shareowners. </p><p>Ask for concessions from the union? Always a bad idea unless in dire straits. Heard directly McDevitt on that one.</p><p>Reduce spending on the future? Reduce IT, B&friend, etc. </p><p> </p><p>Its easy to complain. Harder to make a decision. The MC did what they could to balance everything. The issue isn't the choices, its the lack of growth.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 785756, member: 927"] Last time I looked, our compensation was still about the industry average. Well above it. The lack of growth is the issue. A real owner only takes a reduction as the last resort?? Not sure about that one. Multiple family members and friends own their own business. They all took deep cuts with the recession. Things are better now, but they were the first to feel the pinch, not the last. So, you make the call. Where do the cuts come from? Charge customers more? They are already paying a premium. Reduce profits, dividend? Already no growth for the shareowners. Ask for concessions from the union? Always a bad idea unless in dire straits. Heard directly McDevitt on that one. Reduce spending on the future? Reduce IT, B&friend, etc. Its easy to complain. Harder to make a decision. The MC did what they could to balance everything. The issue isn't the choices, its the lack of growth. [/QUOTE]
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