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My niece worked for a big corporation.. I won't say who it was but it includes the letters F, e, d and Ex
Her job required that she travel, a lot. But she was well compensated for that duty.
She was paid very well. She got nice bonus' often. She received frequent flier miles for her own personal use.
She and her husband used the bonus money & frequent flier miles to take a nice vacation to Italy not too long ago.. The cost of the whole trip was covered by bonus money and frequent flier miles.
That trip was a few years back.. a little before the great recession.
During the great recession it became very important for major corporations to keep their profits up so as not to be punished in the stock market..
That's when this particular corporation settled on some "effective cost cutting" strategies..
The bonus' were canceled.. The frequent flier miles were canceled.. And, as icing on the cake, my niece's wages were cut by 25%
That was in 2009..
She recently told, this particular corporation, to take her job and shove it up their.. well you know..
She took an administrative job with a non-profit for 1/3 the pay.
And she's HAPPY!
This is what corporate America has become.. It has been this way for awhile.. I got sick and tired of it myself in 2004..
F*ck Sarbanes-Oxley
As long as the ONLY thing that matters to Washington, to government, to the Federal Reserve Bank and major corporations is the manipulation of economic data in an effort to extend the lie that is our debt based ponzi scheme economy it is the people of this country who will pay.
At least until they refuse to pay any longer..
Check this Zerohedge post for information on the manipulative lies we are all being subjected to on a regular basis..
Guest Post: Memo To Bernanke: It's Called Blowback, Baby
Greg
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