Skip to main content

View Diary: Why Did NYT Financial Columnist Finally Write About #OccupyWallStreet? The Answer is the Problem! (215 comments)

Comment Preferences

  •  I worked for a guy who helicoptered btw LA&Malibu (1+ / 0-)
    Recommended by:
    VClib

    ...as his daily commute. There had been some very early analysis of moving out of downtown LA for years but no real interest until the day riots encompassed the downtown  high rise office building after the cops who beat Rodney King got off. Before the afternoon rush hour started, the street out front was filled with broken glass and it looked like an earthquake and that was early in the afternoon. The view form the penthouse suites was ominous. Employees escorted by police teams with shields scrambled from the building to waiting buses to get them out of town. He unemotionally stated that day on the phone, "We're GTFOH" and within a year the company moved a thousand jobs out of state.

    The move was a huge financial success for the company and more so for the hundreds of employees who opted for relocation away from LA, primarily the lower paid who lived in downtown who wanted to leave. None of the senior management moved from safe, secure, sunny neighborhoods in SoCal. The uprising and protest were irrelevant to company executives from a business perspective but the shock of instability and danger to the employees and the days of lost work were key to the decision.

    Eliminate the Bush tax cuts Eliminate Afghan and Iraq wars Do these things first before considering any cuts

    by kck on Wed Oct 05, 2011 at 08:53:04 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site