GatewayRedbirds.com

ghostrunner wrote:

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.

http://www.huffingtonpost.com/2009/02/0 ... 64544.html

Well christ, Jon, they don't have to take the money do they?

wart57 wrote:

Hungary Jack wrote:

wart57 wrote:

Popeye_Card wrote:

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....

TimeForGuinness wrote:

wart57 wrote:

Hungary Jack wrote:

wart57 wrote:

Popeye_Card wrote:

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.

wart57 wrote:

TimeForGuinness wrote:

wart57 wrote:

Hungary Jack wrote:

wart57 wrote:

Popeye_Card wrote:

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....

TimeForGuinness wrote:

wart57 wrote:

TimeForGuinness wrote:

wart57 wrote:

Hungary Jack wrote:

wart57 wrote:

Popeye_Card wrote:

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.

lukethedrifter wrote:

TimeForGuinness wrote:

wart57 wrote:

TimeForGuinness wrote:

wart57 wrote:

Hungary Jack wrote:

wart57 wrote:

Popeye_Card wrote:

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.

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.

lukethedrifter wrote:

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.

They do have a ginormous walkin beer room.

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.

They do have a ginormous walkin beer room.

cardinalkarp 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.

Really, that place is a dump.