Originally Posted By: J Geoff

Add this one: Corning slashes up to 4,900 jobs to cut costs ohwell

I just don't get how these companies can feel good about themselves. Just because they are making fewer profits (but still profiting from their business) they need to make 1000s of people suffer just to help their stock price?

I'm not very business-minded so maybe I'm oversimplifying things... but to me it's disgraceful.



It's not an oversimplification to realize that a company's fiduciary responsibility is to those who have invested inthe company. In addition, a company has to remain competitive and there's not much left to affect that beyond labor and materials.

Last edited by olivant; 01/27/09 06:16 PM.

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