Wall Street & the handwriting on the wall

[Rhisiart]

This 'corruption' isn't confined to banks and other private sector industries. I work in the health sector and I see many examples of services being dumbed down to reduce budgets, with fat bonuses being paid to the managers who achieve these cost-saving targets. It's the patient (i.e. Joe Public) who loses out.

[reed]

You better believe it Rhisiart.
If you don't have insurance in the waiting room....no, better yet, the Emergency Room...you're in big doodoo.These are the famous HMOs that make the maximum of benefits ("cost saving targets", as you said) with little in return, in many cases. Take an aspirin and hope for the best.
I've always wondered about bonuses. For doing WHAT? Commissions? The more you sell iffy contracts the better?
But of course, you dope! Get with it Reed.

[Rhisiart]

Bonuses for doing your job (which you should be doing anyway)?

How about that the manager gets a fixed income, but deductions are made if he/she fails to meet targets?

P.S. What a fabulous idea Rhisiart (I wish I had thought of it myself).

[reed]

This just in, but this has happened a lot:
Yesterday......
Workers in a small metal works factory in Belgium are put on paid vacation. They come back to work and find that the factory is being dismanteled by a German firm that is going to send the lot to Eastern Europe. Some of these guys have worked in this company for 50 years. The director could not be reached by telephone.

[rubaiyat]

Originally Posted by Rhisiart

This 'corruption' isn't confined to banks and other private sector industries. I work in the health sector and I see many examples of services being dumbed down to reduce budgets, with fat bonuses being paid to the managers who achieve these cost-saving targets. It's the patient (i.e. Joe Public) who loses out.

The bad guys are rewarded, the good guys punished, the "police" get their cut, and no-one wants to learn from history…

…and you wonder how we keep getting back in deep shit.

[reed]

It's called "deep doodoo" rubiayat. Please.

Isn't there an expression concerning the Big Wigs getting away with murder. Hold on a sec! I just found it...."getting away with murder."

[CaribbeanOS-X]

Thanks for the images...

Down in the caribbean we are feeling the crunch, european banks are tight on lending money due to people not paying their over extended credit. Tourism is dead and this year's rainy season has yet to cease. Hurricanes... and if not on a full scale, then rain, wind and waves crushing the beaches, homes and restaurants that reside along the shores. Today, we just lost one of my favorite restaurants on the water... i'm heading down to see the remains... maybe i'll post a photo.

No matter where we are this has impacted us all... we'll get through it.

Disasters bring opportunities, i hope you guys up north build a good team (this time around) to pull the US back on it's feet.

[reed]

Not Rum Cay, I hope