
Originally Posted by
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I don't necessarily have a problem with some corporations. Take Apple for example. They make an excellent product. They CONSTANTLY R&D and innovate. I will buy them until they stop making them. They provide jobs for many people, alot of which they could bring here, but thats another argument. Borders had a great idea, get into the book business, everyone reads. Instant billionaires. But then times changed and books can be bought and read on my phone now. Instead of changing with the times, what did they do? The CEO thought that since his pockets were starting to get a little shallower, lets inflate prices. When that didn't work and customers stopped coming in? Lets fire some workers and close a couple stores, that'll work. Nope. So lets file chapter 11 (pun intended: see the chapter 11 bookstore, who also folded) and pay out bonuses to the executives (some of which, havent even been with the company for a year) before Bank of America turns it into Books of America. So no, that wasn't smart business. The CEO could have taken his 3 million dollar salary, and that 9 million dollars from wherever he got it from, and changed with the times, or innovated. 6000 people would still be employed, Borders would still be open, the CEO would still be making money. Instead of just one person winning, everyone wins.
Its ok to come over to the left side man, we have cake