Jocephus wrote:GOP's not happy with pay limits for CEO's using bailout money
Wall Street bankers, with their $18 billion in bonuses, private jets and gaudy conferences, are causing headaches for the GOP.
President Obama has proposed capping compensation for executives at banks that take taxpayer bailout money at $500,000. Republicans hate the idea -- a position that puts them uncomfortably on the side of people currently about as popular as armed burglars and subprime mortgage brokers.
Senate Minority Leader Jon Kyl (R-AZ) blamed the "tone deaf" bankers for creating the political environment that allowed Obama to call for a cap.
"Because of their excesses, very bad things begin to happen, like the United States government telling a company what it can pay its employees. That's not a good thing in America," Kyl told the Huffington Post.
Well christ, Jon, they don't have to take the money do they?
But they're my friends and contributed heavily to my campaign fund...we originally thought this was going to be money without any string attached which means I get a kickback of.......
wart57 wrote:did I mention my department contributed over a billion in profit to the company?
"Profit", or "revenue"?
If your company made 1 billion in profit, I don't think there's any need to cut raises this year...
Profit. My division of the company, there are quite a few other divisions, some didn't do as well, but we still don't get our merit raises.
$1 B in profit in the grocery industry probably translates to $20B in sales if one assumes net margins are around 5% (3% may be more accurate, which translates to $33B in sales). That is one big division.
wart57 wrote:did I mention my department contributed over a billion in profit to the company?
"Profit", or "revenue"?
If your company made 1 billion in profit, I don't think there's any need to cut raises this year...
Profit. My division of the company, there are quite a few other divisions, some didn't do as well, but we still don't get our merit raises.
$1 B in profit in the grocery industry probably translates to $20B in sales if one assumes net margins are around 5% (3% may be more accurate, which translates to $33B in sales). That is one big division.
wart57 wrote:did I mention my department contributed over a billion in profit to the company?
"Profit", or "revenue"?
If your company made 1 billion in profit, I don't think there's any need to cut raises this year...
Profit. My division of the company, there are quite a few other divisions, some didn't do as well, but we still don't get our merit raises.
$1 B in profit in the grocery industry probably translates to $20B in sales if one assumes net margins are around 5% (3% may be more accurate, which translates to $33B in sales). That is one big division.
try 40% margin....
For grocery? You must sell a lot of booze.
The mark up on Produce is sickening....
Is that true with the rest of the country? or is that just localized to your area?
My father is in the grocery business and I remember him saying that you pretty much break even on the store but make the bulk of your profit with alcohol sales.
wart57 wrote:did I mention my department contributed over a billion in profit to the company?
"Profit", or "revenue"?
If your company made 1 billion in profit, I don't think there's any need to cut raises this year...
Profit. My division of the company, there are quite a few other divisions, some didn't do as well, but we still don't get our merit raises.
$1 B in profit in the grocery industry probably translates to $20B in sales if one assumes net margins are around 5% (3% may be more accurate, which translates to $33B in sales). That is one big division.
try 40% margin....
For grocery? You must sell a lot of booze.
The mark up on Produce is sickening....
Is that true with the rest of the country? or is that just localized to your area?
My father is in the grocery business and I remember him saying that you pretty much break even on the store but make the bulk of your profit with alcohol sales.
I think that was in the good old days. Before the concentration of farming and grocers into fewer and fewer hands. Add in federal ag subsidies incl water.
wart57 wrote:did I mention my department contributed over a billion in profit to the company?
"Profit", or "revenue"?
If your company made 1 billion in profit, I don't think there's any need to cut raises this year...
Profit. My division of the company, there are quite a few other divisions, some didn't do as well, but we still don't get our merit raises.
$1 B in profit in the grocery industry probably translates to $20B in sales if one assumes net margins are around 5% (3% may be more accurate, which translates to $33B in sales). That is one big division.
try 40% margin....
For grocery? You must sell a lot of booze.
The mark up on Produce is sickening....
Is that true with the rest of the country? or is that just localized to your area?
My father is in the grocery business and I remember him saying that you pretty much break even on the store but make the bulk of your profit with alcohol sales.
I think that was in the good old days. Before the concentration of farming and grocers into fewer and fewer hands. Add in federal ag subsidies incl water.
Oh I'm not arguing...and it wouldn't surprise me...just trying to see if you are paying a premium being in the desert.
BTW, fun fact. The Shop N' Save on Chippewa and S. Kingshighway has been the 2nd in sales in alcohol in the St. Louis area more than once...#1? Busch Stadium.
TimeForGuinness wrote:
BTW, fun fact. The Shop N' Save on Chippewa and S. Kingshighway has been the 2nd in sales in alcohol in the St. Louis area more than once...#1? Busch Stadium.
TimeForGuinness wrote:
BTW, fun fact. The Shop N' Save on Chippewa and S. Kingshighway has been the 2nd in sales in alcohol in the St. Louis area more than once...#1? Busch Stadium.
BTW, fun fact. The Shop N' Save on Chippewa and S. Kingshighway has been the 2nd in sales in alcohol in the St. Louis area more than once...#1? Busch Stadium.
Really, that place is a dump.
They do have a ginormous walkin beer room.
I didn't even think about that though.
Last edited by cardinalkarp on February 6 09, 12:57 pm, edited 1 time in total.
BTW, fun fact. The Shop N' Save on Chippewa and S. Kingshighway has been the 2nd in sales in alcohol in the St. Louis area more than once...#1? Busch Stadium.
