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Old Feb 20, 2006 | 8:32 pm
  #18  
PineyBob
 
Join Date: Sep 2002
Location: mystic island, nj, USA
Posts: 2,377
I have always found it interesting that the companies that are most highly regarded on Wall Street & Main Street often share the distinction of having well compensated employees, superior morale along with a reputation for ethical behavior. 2 of my employers control nearly 60% of our market and are the 2 most expensive in the market. If it's all about price then how do these 2 household names survive? Must be something intangible don't you think?

Why do you think that is? Why are airlines the most heavily unionized, have a history of labor troubles and some of the poorest profit performance in recent history?

Neil Cohen has been CFO through 3 BK filings at 2 Airlines since 2003 and yet pockets over 1.5 million in performance bonuses. Wolf & Gangwal 15 Million apiece when they left US, Siegel 4.5 million. FOR WHAT? I didn't notice any shareholder backing up the Brinks truck during that time frame?

If the employees hate management how is is possible for them to provide superior service?
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