Corporate greed

[surfer14]

Wanting to make money? - not evil.
Working hard (while not sacrificing your family or hurting others) to become wealthy? - not evil.
Implementing anti-white, pro-tranny, pro-homo programs in your company? Stupid. And somewhat evil.
Bringing in H1B workers to America to displace American workers? Short sighted and definitely evil.
Making American workers train their foreign replacements? Very evil.
Destroying a business and then popping your golden parachute while thousands have their lives ruined? Very evil.

 

[Lanolin]

If they are a private company they are not under SOX compliance laws.

If they are publicly traded company and you or anyone else were asked to violate them you should have reported it.

If you have the correct SOX compliance configuration the controls are segregated among different employees, there is no one employee that can make the change necessary, therefore requiring multiple people to break the law and the hopes are that someone will report the violation.

In a correctly configured security model it is POSSIBLE to violate the rules but it is IMPOSSIBLE for one person to do it.

A larger company like a global Pharmaceutical has multiple layers of controls and would require many people to violate the rules. Therefore the likelihood has been reduced to "not probable" and makes the conspiracy theory movies a joke. But people who don't have experience with the reality of working at the Governance and Risk Compliance department of a global pharmaceutical believe the movies as reality.

That is my point and the answer to one of the questions of the OP. Since I have worked for numerous global companies and seen on a daily basis how careful the CEO, CIO, and CFO are about ethics, fraud, and compliance I can report that the "evil greedy CEO" of the movies is the exception and NOT the norm. Of course you can find an exception eventually. That should not make one paint all large corporations as inherently evil.

I am sure ones experience to the contrary would make them have a different opinion than mine. Unfortunately many people base their opinion not on experience but on movies and novels.

not sure what movies you are talking about but many business in nz are small and not publically traded.
I suppose a company like say Google which it was once said didnt pay tax, has a motto like 'dont be evil' makes you wonder why does it have that if there wasnt a propensity for evil in big corporations.

richer businesses in nz find ways to evade tax. Or squirrel funds away offshore.

a company like mcdonalds doesnt have a rep for greed here because of the work they do for charities, giving to childrens hospitals etc but people are always suspect of their envrionmental credentials.

pharmaceuticals, not sure about as havent worked in them although one company in my town couldnt even find workers here because they didnt pay decent wages. Though they were rich enough to sponsor sporting events.

 

[Lanolin]

hmm well, whistleblowing in pharmeucticals aside, what about greedy landlords, we kind of have that problem here. People invest in houses to make money basically. Using tenants to fund their mortgages. many landlords have mutliple property portfolios, which make them kind of like CEOS.

because there seem to be not many controls on say the number of homes being built or the rents, or even maintaining the property, there is this perception that landlords are greedy, can charge whatever rents they like, and take over entire properties that have been in families for generations or have convenants, and sell them from under them...there doesnt seem to be many checks or balances there.

 

[Lanolin]

the other thing is those who are richer that buy up businesses or homes and then shut them down so they can have the land. trees established for generations chopped down to stumps and apartment blocks that are only fit for five years going up, like slums. or the gleaming office sky scrapers, are they monuments to greed? or are they something else? mergers and takeovers? charging sky high rents? fitting in as many tenants as possible on small square footage of land?

like monopoly? is that corporate greed or something else.

 

[Scribe]

not sure what movies you are talking about but many business in nz are small and not publically traded.
I suppose a company like say Google which it was once said didnt pay tax, has a motto like 'dont be evil' makes you wonder why does it have that if there wasnt a propensity for evil in big corporations.

richer businesses in nz find ways to evade tax. Or squirrel funds away offshore.

a company like mcdonalds doesnt have a rep for greed here because of the work they do for charities, giving to childrens hospitals etc but people are always suspect of their envrionmental credentials.

pharmaceuticals, not sure about as havent worked in them although one company in my town couldnt even find workers here because they didnt pay decent wages. Though they were rich enough to sponsor sporting events.

We have to define "evil" in the context of corporations. One person may think it is "evil" for a company to keep wages low, and another person would think that is what they would do if they were CEO as the expected responsible thing for a CEO to do.

If there are jobs tasks that can be automated so that no employees are needed and it would increase profits then the CEO should do that. If the CEO would rather make less profit to keep people employed and not automate they should be fired by the board and a BUSINESSman should be given the position that will automate tasks that can be automated. Give the employees that will be replaced the option to train for even higher paying postions within the company and if they don't want them, show them the door. Some would call that corporate greed others call it a successful corporation that makes money and does not go under.

 

[calibob]

We have to define "evil" in the context of corporations. One person may think it is "evil" for a company to keep wages low, and another person would think that is what they would do if they were CEO as the expected responsible thing for a CEO to do.

If there are jobs tasks that can be automated so that no employees are needed and it would increase profits then the CEO should do that. If the CEO would rather make less profit to keep people employed and not automate they should be fired by the board and a BUSINESSman should be given the position that will automate tasks that can be automated. Give the employees that will be replaced the option to train for even higher paying postions within the company and if they don't want them, show them the door. Some would call that corporate greed others call it a successful corporation that makes money and does not go under.

Sad but true.

 

[TheIndianGirl]

Market economies are run by supply and demand/ market forces. The reason why fortune 500 companies get paid very well is because only a few people can do those jobs; those CEOs at that level are essentially running tens or hundreds of "mini" companies. For example, McDonalds even though it is only one company, McDonalds in each country is run in a unique way based on local tastes, local customs, local marketing strategies, etc. I've been into McDonalds in multiple countries and they all have different burgers. The fish sandwich is very popular in parts of Asia but not really in the U.S. The CEO has to be aware, on a macro level, of all these matters. If McDonalds wants to find a CEO, they have very limited options: someone with experience in the fast food industry, that is also a global chain, with probably at least 10 years in CEO-level type business. That only leaves a few options, maybe they can hire one of their own executives or an outsider with CEO-level type experience from BK, Wendy's, Subway, etc. Even the CEO of an American-only fast food chain, such as Arby's, Whataburger, Christie's, etc. is not qualified to run a global business like McDonalds. Generally speaking, aside from examples such as Martin Shkreli, I do not believe large businesses/CEOs are evil.

 

[TheIndianGirl]

Bringing in H1B workers to America to displace American workers? Short sighted and definitely evil.

American students are not too interested in IT/software development type jobs. I've had a couple of people tell me that most of the people taking IT/software development classes/degrees in U.S. universities are foreigners and also mostly Asian.

 

[tourist]

I think some of the investors are gamblers though, are they putting their faith in dollars? cos why are there no investments in children or education or health, but plenty in when people die. Thats how retiremnet village ceos make their bigs bucks, by flipping the properties. If they are giving it back to the communities it is great but many of them are actually keeping the profits to themselves. like anais and saphirra.

There are those that have huge investments in children, education, and health but things like that don't generally make the headlines or get reported on the news. All investments regardless of type are a calculated risk. Yeah, there are many that keep the profits for themselves without any regard for the local needs of the community in which they reside or outside of their community.

 

[tourist]

American students are not too interested in IT/software development type jobs. I've had a couple of people tell me that most of the people taking IT/software development classes/degrees in U.S. universities are foreigners and also mostly Asian.

My nephew is in his senior year of college and is majoring in computer engineering. Yes, there are many that take easy classes in college and in the end will receive a worthless degree on top of massive student loan debt. Fortunately, my nephew is on a full scholarship.

 

[calibob]

There are those that have huge investments in children, education, and health but things like that don't generally make the headlines or get reported on the news. All investments regardless of type are a calculated risk. Yeah, there are many that keep the profits for themselves without any regard for the local needs of the community in which they reside or outside of their community.

Sometimes it for the benefit of others. Thank the Lord it's usually tax deductible or philanthropic spending would become much less popular. Yes, we know that too often it's a tax dodge but we should be grateful anyway.

 

[calibob]

American students are not too interested in IT/software development type jobs. I've had a couple of people tell me that most of the people taking IT/software development classes/degrees in U.S. universities are foreigners and also mostly Asian.

Because to young energetic people, working at a terminal, writing code, accounting or drafting is boring and monotonous work. At least they were to me.

 

[surfer14]

American students are not too interested in IT/software development type jobs. I've had a couple of people tell me that most of the people taking IT/software development classes/degrees in U.S. universities are foreigners and also mostly Asian.

Well if we weren't bringing in a bunch of H1B's, then the labor supply wouldn't be so bloated and maybe we'd be able to pull in a decent wage again. If wages were a little better in tech, then I bet you'd see more kids getting into it. But what's going on now is a deliberate wealth transfer from primarily white Americans to non-white immigrants. As it stands now, I generally don't even recommend young people to get into IT - because of the H1B's.

 

[surfer14]

Here is another trend I've seen in corporate America (from an IT perspective). I think maybe even scribe would agree that this is evil.

It used to be that a business would encourage employee retention. And employee who sticks around long enough to know all the nooks and crannies of the business. This person would be the goto guy in the business because he just knows EVERYTHING. But now, that is fast becoming a thing of the past. The new trend is to compartmentalize employee knowledge and skill - your job is to do this one very specific thing over and over.

The reason they want specialization is so that they can replace you very easily. Ask for too much money? Complain about having to wear the rainbow flag at work? No problem! They just fire you and train up somebody to replace you really quickly. Smart people are replaced by fancy processes that even stupid people can follow. The whole idea is to get rid of the guys the really know their stuff and have been around for a long time. If you're smart, then you should be on high alert when they start asking you to document exactly what you do and how you do it.

There's another reason that smart guys with lots of experience are seen as a threat. That is that they wield influence within the company. And they've been around long enough to remember when the company had this or that benefit that they don't give anymore. So if you're a CEO, trying to cut costs for your precious shareholders prospectus, then company picnics and parties and attaboy days off are all good candidates for cuts. And if you've got relatively high turnover, then people won't notice these gradual cuts. But the long time employee sure will. And he'll make sure everyone else knows about it too. See how he's a threat? Not easily replaceable. Too valuable.

You can see the truth of what I'm saying if you've ever thought to yourself that if you want to get a raise, you really have to change jobs. This is by design.

 

[TheIndianGirl]

Because to young energetic people, working at a terminal, writing code, accounting or drafting is boring and monotonous work. At least they were to me.

I doubt most people find these jobs interesting. Asians probably study these fields as this is probably their best chance of getting the H1B visas.

 

[TheIndianGirl]

Well if we weren't bringing in a bunch of H1B's, then the labor supply wouldn't be so bloated and maybe we'd be able to pull in a decent wage again. If wages were a little better in tech, then I bet you'd see more kids getting into it. But what's going on now is a deliberate wealth transfer from primarily white Americans to non-white immigrants. As it stands now, I generally don't even recommend young people to get into IT - because of the H1B's.

I think the only way to reduce H1B visas is for American companies to make a conscious decision to hire Americans. It's like limiting ourselves to purchase only "Made in USA" products; it can be done but that means we have to pay higher prices.

 

[calibob]

I doubt most people find these jobs interesting. Asians probably study these fields as this is probably their best chance of getting the H1B visas.

True. It seems to me if we stopped the H1B Visa program and paid higher wages more Americans would likely apply themselves to those kind of fields. The problem is that if inflation becomes greater than interest rates for savings accounts. The cost of living will increase with wages but the buying power of money saved will be reduced. Moderate inflation is a natural benefit to well paid working class people. At the same time is dead weight to those in upper classes. That's probley why Democratic Socialism is gaining popularity.

A million dollars in the bank isn't super rich any more and a high school educated person can't find a job that pays enough to buy a home any more either. Unions are dying and factory workers are fading away in the USA.

 

[Lanolin]

I dont think it will work in america, or many other countries to restrict hires to locals. Why because most business people want to pay LESS wages and locals are actually more expensive.

in nz, we had to open up fruit picking to the pacific islanders because the growers didnt want to give decent wages to locals. I dont know why this is, cos wouldnt it work out more expensive to bring migrant workers in? But thats their reasoning.

 

[calibob]

I think the only way to reduce H1B visas is for American companies to make a conscious decision to hire Americans. It's like limiting ourselves to purchase only "Made in USA" products; it can be done but that means we have to pay higher prices.

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Good! More people will work and more money will circulate in the USA! More working class Americans' is not the problem. They / we are the solution.

 

[Lanolin]

I dont know why it seems people are so down on the working class in america, who work hard for little reward, seems they just get treated so badly.

in nz we have relatively strong labour representatiom and unions, but has been eroded in recent times with changes of govt. wages should at least keep up with inflation, so people can afford the cost of living.

the evil seems to be when a CEO earns millions and their workers earn twenty times less. When its the workers who keep everything afloat and the CEO seems to does nothing but go to meetings, doesnt share the profits or squirrels them away somewhere nobody knows where.