I would never get a package at my apartment because the package will walk away the moment the delivery person drops it off. I have a post office box for package deliveries, which is closer and more convenient than the nearest UPS Store or FedEx facility.
Any company with a trajectory similar to the Postal service should also fund its pensions.
But companies aren't required BY LAW to fund 75 years of pension obligations upfront. Not over time, but RIGHT NOW.
This 75-year requirement is not being applied to military and civil federal pensions, state pensions or municipal pensions. All those pension shortfalls are coming due in the next 20 years as baby boomers retire.
Fortune 500 companies almost all use 401(k) programs, not pensions. 401(k) funds are deposited now, not at some distant point in the future.
What if Congress pass a law that requires Fortune 500 companies to pre-fund employee matches for the next 75 years now?
Governments and unions are the last main holdouts for pension systems. Everybody else can understand the economics.
You missed my point. Congress UNDER THE LAW requires the USPS to fund 75 years of pension obligations NOW. It's the only federal agency that is obligated to pre-fund pension obligations. Because the USPS can't meet the pension obligations, their fiscal year ends in the red every year. Remove the draconian pension obligations, the USPS can turn a profit every year.
So you made 1 billion your first year out of school and now make 0 because you just like to work and don't need the money, right?
I had a friend who lived a very modest lifestyle as a Silicon Valley hardware engineer. Before direct deposit became widespread, payroll would call him every three months to remind him to deposit his paychecks since the last quarter.
They sure do. I worked at a Fortune 500 company that had announced layoffs. My boss got locked out of the HR system that prevented him from renewing my contract. So I got laid off just before the government shutdown in 2013. The CEO got a 60% raise for having a lousy fiscal year. Rumor had it that he needed more money to buy a bigger yacht to keep with another CEO got who got a bigger raise and bigger yacht. CEO ratings is all about size.
No, Bob lost 3% per year of salary to inflation, so after 10 years, is facing compounded losses probably closer to 25% of his original salary.
I did a job interview several summers ago, where I ran into an old coworker who was still making the same amount of money that I made when we worked together nine years before. I didn't take the job, as I had two other job offers at the time. The company wanted to pay me 80% more money for doing the same work as my former coworker. Those 2% raises don't add up over the years.
What fees? My father had $50,000 in an interest-bearing checking account. After the double billing from Sprint, he put $45,000 into a CD ladder. Sprint did give him credit for two months of service.
That's nothing. My father had a $50.00 Sprint bill with auto billing enabled. Right on the due date, $5,000 came out of his checking. He complained and got his money back. Next day, the auto billing took out another $5,000. He complained and got his money back. The only thing he did after that was turn off auto billing.
But it just always seemed like a certain, bizarre brand of hubris to want to show off all the pretty server LEDs as proof that you were doing something important.
When I worked at eBay's headquarters in North San Jose, there's a hallway off the lobby where a glass wall showed off the onsite data center. I'm sure it impressed the hell out of the press and VIPs.
I'm not sure their expectations were unrealistic, though I agree with the notion that they went on a blind buying spree.
A virtually unlimited budget always results in unrealistic expectations. Reminds me the story of the entrepreneur who got money to build a widget factory. When investors showed up at the place of business, they saw a very fancy office and employees playing foosball. They asked to see the widget factory. The entrepreneur said he needed more money to build the widget factory, as he spent all the money on the office. Needless to say, everyone had unrealistic expectations and the office got shut down. Saw quite a few fancy offices during the dot com bust.
Slashdot Mirror
Packages should be delivered by UPS, Fedex, etc.
I would never get a package at my apartment because the package will walk away the moment the delivery person drops it off. I have a post office box for package deliveries, which is closer and more convenient than the nearest UPS Store or FedEx facility.
Thank you for remindzing me of the shallow comments that stopped attracting me to /. In recent years.
I don't think you can afford my more insightful comments.
Any company with a trajectory similar to the Postal service should also fund its pensions.
But companies aren't required BY LAW to fund 75 years of pension obligations upfront. Not over time, but RIGHT NOW.
This 75-year requirement is not being applied to military and civil federal pensions, state pensions or municipal pensions. All those pension shortfalls are coming due in the next 20 years as baby boomers retire.
Fortune 500 companies almost all use 401(k) programs, not pensions. 401(k) funds are deposited now, not at some distant point in the future.
What if Congress pass a law that requires Fortune 500 companies to pre-fund employee matches for the next 75 years now?
Governments and unions are the last main holdouts for pension systems. Everybody else can understand the economics.
You missed my point. Congress UNDER THE LAW requires the USPS to fund 75 years of pension obligations NOW. It's the only federal agency that is obligated to pre-fund pension obligations. Because the USPS can't meet the pension obligations, their fiscal year ends in the red every year. Remove the draconian pension obligations, the USPS can turn a profit every year.
What's so "unreasonable" about keeping a government monopoly to a higher standard?
Please name one Fortune 500 company that Congress has required to fund 75 years of pension obligations NOW rather than over time?
*crickets*
That's what I thought.
The free market can't tolerate a successful government agency.
The mail carriers trade in their mailbag for a lawnmower every Tuesday? I guess that's one way to torment the neighborhood dogs.
Surely everyone is hashing the passwords, using different salt etc?
Table salt? Kosher salt? Sea salt? Bathroom salt? What kind of salt?
So you made 1 billion your first year out of school and now make 0 because you just like to work and don't need the money, right?
I had a friend who lived a very modest lifestyle as a Silicon Valley hardware engineer. Before direct deposit became widespread, payroll would call him every three months to remind him to deposit his paychecks since the last quarter.
You would think that the element was no longer a security threat.
I'm wondering if the executives also get rated.
They sure do. I worked at a Fortune 500 company that had announced layoffs. My boss got locked out of the HR system that prevented him from renewing my contract. So I got laid off just before the government shutdown in 2013. The CEO got a 60% raise for having a lousy fiscal year. Rumor had it that he needed more money to buy a bigger yacht to keep with another CEO got who got a bigger raise and bigger yacht. CEO ratings is all about size.
No, Bob lost 3% per year of salary to inflation, so after 10 years, is facing compounded losses probably closer to 25% of his original salary.
I did a job interview several summers ago, where I ran into an old coworker who was still making the same amount of money that I made when we worked together nine years before. I didn't take the job, as I had two other job offers at the time. The company wanted to pay me 80% more money for doing the same work as my former coworker. Those 2% raises don't add up over the years.
What fees? My father had $50,000 in an interest-bearing checking account. After the double billing from Sprint, he put $45,000 into a CD ladder. Sprint did give him credit for two months of service.
That's nothing. My father had a $50.00 Sprint bill with auto billing enabled. Right on the due date, $5,000 came out of his checking. He complained and got his money back. Next day, the auto billing took out another $5,000. He complained and got his money back. The only thing he did after that was turn off auto billing.
I've been a Sprint customer for 20+ years. Never had a problem with them. Stick that data point into your pipe and smoke it! :P
It's Sprint that sucks.
Must be the T-Mobile store next to my friend's Sprint Store. He always helping T-Mobile customers coming over to switch to Sprint.
Except you don't buy it, you receive it. Just sell it ASAP if you feel it's going to drop.
Except investors don't get free shares. Re-read the thread that I commented to. Investors, not customers.
I wonder why investors are behaving strangely.
P/E at 29.34. I wouldn't touch that stock with a ten-foot pole. I prefer dividend-paying stocks with P/E at 20 or less.
According to my friend who works at a Sprint Store, T-Mobile sucks.
Turns out the moties were the lowest bidder.
They probably tossed in a few War Rats.
But it just always seemed like a certain, bizarre brand of hubris to want to show off all the pretty server LEDs as proof that you were doing something important.
When I worked at eBay's headquarters in North San Jose, there's a hallway off the lobby where a glass wall showed off the onsite data center. I'm sure it impressed the hell out of the press and VIPs.
It's probably easier to find a new job first, quit the old and then complain to the SEC.
But on the gripping hand [...]
When did the three-armed Moties escape from the blockade?
I'm not sure their expectations were unrealistic, though I agree with the notion that they went on a blind buying spree.
A virtually unlimited budget always results in unrealistic expectations. Reminds me the story of the entrepreneur who got money to build a widget factory. When investors showed up at the place of business, they saw a very fancy office and employees playing foosball. They asked to see the widget factory. The entrepreneur said he needed more money to build the widget factory, as he spent all the money on the office. Needless to say, everyone had unrealistic expectations and the office got shut down. Saw quite a few fancy offices during the dot com bust.
Internet of Things - Devices to control your home.*
*As long as company doesn't brick your devices because they're too old.