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Originally Posted by purman  Yesterday in the big wig meeting (his job is ok) the the international ceo said the company was selling more, and making more than they had in a long time.... They have 28 million in the back.. Things are good... But stockholders want something done. So they have to lay off 6000 employees.. |
Hmm..Let's say these 6,000 employees make 30 grand a year and maybe cost EA another 5 grand annually in benefits. Pretty conservative figures. Laying them off saves EA about, oh say 210 million dollars a year. The 28 million they have right now might get them through next Thursday. I guess they could leave everyone on the payroll until they need bailed out. Then we could blame the short sighted Board pandering to those d***** greedy stock holders for that too.
Who are these stock holders anyway? I wish somebody would point one out to me. I'd give 'em a piece of my mind. I don't own any stock. I just own shares in about a dozen mutual funds and my wife's 401k is in about six more. Oh, and there's the 529 plan for my daughter who's a senior in HS and suddenly I'm down about 25% across the board. All because of the greedy stock holders. Just let me at 'em!