greed

Posted: March 14, 2013
By: Clay Cerny

Ralph Nader has been trying to keep Americans safe for over 50 years.  He has written an essay for Common Dreams that considers the gap between CEO compensation and pay for working people.  Today CEOs make 340 times average worker pay.  In 1980, that figure was only 42 times average worker pay.  Nader suggests that this difference is a good reason to increase the minimum wage.  As Nader says, that’s a good “first step.”  However, we need to look beyond the minimum wage.  Whether we change the income tax structure or add a wealth tax, those who have the most – including very profitable corporations – need to contribute more to the common good.  We need to move beyond the greed ethic and think more about how to preserve our common culture.

Posted: November 29, 2012
By: Clay Cerny

Huffington Post reports that executives at Hostess are requesting $1.8 million in bonuses as part of their liquidation.  Let’s get this straight:  18,000 employees will lose their jobs, and the “leaders” who took the company into bankruptcy will get a bonus.  Some people have no shame.

Posted: October 24, 2011
By: Clay Cerny

Last week, I was very busy helping customers, which makes me happy and grateful.  What makes me unhappy is bad telemarketing calls that interrupt me while I’m trying to understand what a customer needs.  Don’t get me wrong.  I’ve dealt with many professional telemarketers.  They understand when you’re with a customer and quickly offer to call you back.  Bad telemarketers and prerecorded calls don’t care.  They keep talking until irate customer like me hang up. 

They also cost American jobs.  Many telemarketing and customer service jobs have been off-shored to countries where workers are paid 19th century wages.  Over the weekend, I was dealing with a very pleasant off-shored customer service representative.  However, he could not understand what I was saying.  I had to spell my name and give my address twice in order to receive a refund.  Similarly, recorded telemarketing calls make prospective customers listen to the end of the message to press a “off the list.” key.  It’s a waste of time.

What if local workers were managing the phones?  I believe the customer would get a better experience, and the company trying to market its products or service its customers would be more like to keep customers happy.  So why do companies offshore and automate?  Bigger profits.  The old methods were profitable, but the low salary worker and the machine bring home even more margin.  What do they lose?  Customers.  What is their biggest cost?  American jobs.

Posted: May 25, 2010
By: Clay Cerny

Today’s Chicago Tribune reports that Tribune Company plans to give 35 top executives $14.9 million in bonus for work done in 2009.  Not bad for a company that is still in bankruptcy.

Moral of the story?  There’s no morality here.  Just greed.