Thread regarding Verizon Communications Inc. layoffs

Trying to understand the union mindset

I have a few questions for union members on strike. I won't be surprised to be called names or receive less than thought out responses from this site but I figured I'd ask.

For background, I am a non-union VZ employee working an EWA. I want to understand the mindset of the union workers.

  1. The CWA has been calling VZ "greedy" because they earned a profit of $4.22 billion in 2015. Why is a company greedy for earning a profit? Do you realize that they have a legal obligation to attempt to maximize that profit for the shareholders? Shareholders that include retirees and pension funds? Do you get it that if they operate at a loss, you have no job? Any company is under no obligation to share that profit with the employees, none.

  2. Lowell McAdam earned $18 million as CEO. Rather than piss and moan about it have you ever stopped to wonder what he did to become CEO and why you arent't??

  3. You complain about the VZ raw profit amount. Do you know what VZ's "profit margin" was? Do you even know what a profit margin is and why it's important? Do you know how it compares to other companies?

  4. so if VZ is greedy for earning $4.22 billion, how much profit should they earn and how do you arrive at that amount?

This whole mess is part of the economic ignorance that pervades most of the world these days. It's all fair this and fair that without any quantitative definition of what FAIR is. Wake up, life isn't fair. Ditch the union put on your big person pants and take care of yourself.

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| 4698 views | | 108 replies (last May 24, 2016) | Reply
Post ID: @OP+HxR04LC

108 replies (most recent on top)

LOL at the union troll, you're one of those last word guys I see. I hope your wife is making a lot of money because you aren't providing jack sht for your family.

Walmart greeter? Child, please.

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Post ID: @sqw+HxR04LC

qnb, you stated ,"40k union X 100k (very conservative average pension/401k) = 4 billion. The union employees pension/401k value alone is 173 times more than Lowell makes a year. Seems like the union is over paid and greedy"

Not everyone gets a pension or contributes to 401k, You made up the numbers. Not accurate. Made up average. No facts here.

Regards,

Fact Checker

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Post ID: @pod+HxR04LC

Whoops. Looks like someone came to terms with their WalMart future and suddenly, it doesn't look so good.

Wake up, life is unfair. WalMart awaits you.

Too late now. Careful with your "life is unfair" sermon next time.

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Post ID: @trp+HxR04LC

"wake up life is unfair". uh, check the post again, I never said that...but what would I expect from a union person who has gotten by in life without any education and listens to his union boss for all of his wisdom.

you're screwed and you know it, privately.

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Post ID: @qxg+HxR04LC

"Not everyone gets a pension---fact checker."

I think you missed a key word......average.... Pension/401k. This implies you add up everyone's pension and 401k as well as just the 401k of those that do not have a pension and divide by 40000 (Union employee head count). This result will yield a number that is greater than 100k. Now that you have your......average....you multiply that by 40k and you get 4 billion.

Sincerely,

Fact checker

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Post ID: @qnb+HxR04LC

"LOL at greeter at Walmart. mmmkay"

Yep. Exactly. After all, using your words: wake up, life is unfair.

Hey, you said it.

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Post ID: @vri+HxR04LC

LOL at greeter at Walmart. mmmkay. Keep telling yourself you are doing fine while the bills you can't pay continue to roll in.

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Post ID: @wzq+HxR04LC

@qvd Actually, credit card companies WILL reduce your APR, provided your payment history has earned such considerations. Again, one must EARN and PROVE themselves worthy. Just because you want something doesn't mean you're entitled to it.

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Post ID: @yka+HxR04LC

"Where is Cordell exactly?"

It's an obscure business school located offshore, that teaches & trains CEOs to buy hot new internet commodities such as AOL & Yahoo!.

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Post ID: @qbr+HxR04LC

WE ARE UTILITY WORKERS!!! Wireless is business & technology. WE maintain PUBLIC WORKS... most countries landline is part of the government, but not in the US. As long as I work for a utility I want to be union.

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Post ID: @jor+HxR04LC

"have you ever stopped to wonder what he did to become CEO and why you arent't??

well, apparently having a vision of marketing to millennials and hen subsequently targeting non-millennial dinosaurs like AOL, go90 & Yahoo qualify you as CEO material.

That's not saying much.

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Post ID: @kgs+HxR04LC

Granted 4.22 billion is a quarterly profit but doesn't change the point of the question.

@HxR04LC-tub...."Mom & Pops could afford to send you to Cordell"? Where is Cordell exactly?

"Actually, life is fair. A company like Verizon isn't. That's the point." Life is fair? Ask the slowest zebra.

As I said I shouldn't be surprised by the nonsense. Still no answer to even 1 of the questions.

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Post ID: @qyh+HxR04LC

I am smart i know how to read and i also know that they made 104 bil in 2015. Did you forget some digits?

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Post ID: @fep+HxR04LC

@ eul

reading between the lines of your drivel, you accept the fate that awaits you: greeter at WalMart

oh-kay....

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Post ID: @xpk+HxR04LC

If you make out like a bandid off my back, i will be pissed if i dont get compensated appropriately. And thats whats happening here. Promised pension 401k contribution healthcare these were all the things spelled out for me when i signed up with verizon. Now, with my contribution and everyone elses hard work, including non union "associates" this company is making billions off everyone backs. Nobody says company should not turn profit. But everyone expects to be paid what they were promised. Try telling your credit card company to make consessions and lower your APR. They will laugh you out to the collection company

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Post ID: @qvd+HxR04LC

eul , You are so smart? What have you said that has been accurate? Nothing. A lot on here is made up.

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Post ID: @obf+HxR04LC

"have you ever stopped to wonder what he did to become CEO and why you arent't??"

Tell us, what did he build, innovate or create?

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Post ID: @tas+HxR04LC

some of the union folks are so damn brainwashed they just can't see the reality of the situation. It's sad that they are swallowing the nonsense hook line and sinker instead of taking care of their families. It is similar to what I've seen in the late 90s with contract firms and the push of GTE/VZ to roll people over. I kept telling friends, roll over or you are done...they didn't listen and instead bought into the contractor firms bs, they sat on the bench for a few weeks and then were cut. It's every man/woman for themselves these days. Sure the rifs are there, they are always there, strike it as nonresponsive...have your own plan always.

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Post ID: @eul+HxR04LC

"Wake up, life isn't fair."

Actually, life is fair. A company like Verizon isn't.

That's the point.

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Post ID: @bla+HxR04LC

Before you rant and claim otherwise, look into your facts. You are way off on that 4 bil remark. And im not a ceo or was it my plan to become one. My mom and pops could not afford a tuition to Cordell.

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Post ID: @tub+HxR04LC

"have you ever stopped to wonder what he did to become CEO and why you arent't??"

well, John Legere is indirectly calling Lowell McAdam "stupid", so that's not saying much.

hey, you asked.

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Post ID: @vtq+HxR04LC

"have you ever stopped to wonder what he did to become CEO and why you arent't??"

well, apparently, nobody stopped to wonder about Ken Lay, Angelo Mozillo, Bernie Ebbers, so that's not saying much.

hey, you asked.

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Post ID: @tvi+HxR04LC

Not everyone gets a pension---fact checker.

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Post ID: @onm+HxR04LC

These are great questions for union management. Worker bees don't know and don't care about anything outside of their entitlements.

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Post ID: @wgr+HxR04LC

Massa promised you that if you always take up for Massa, someday they'd let you sleep inside. All dem others gone always be sleepin' in the fields.

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Post ID: @ggd+HxR04LC

40k union X 100k (very conservative average pension/401k) = 4 billion. The union employees pension/401k value alone is 173 times more than Lowell makes a year. Seems like the union is over paid and greedy.

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Post ID: @qzk+HxR04LC

How did that work out for the thousands of laid off non union / management the last 5 years?

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Post ID: @yhy+HxR04LC

WELL SAID!!

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Post ID: @pni+HxR04LC

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