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View Diary: Giving Thanks for Hostess Workers (75 comments)

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  •  Sorry, YTY=Year-To-Year (4+ / 0-)

    Depending on how you measure results, it's possible to show that revenue and costs led to a profit this year, but from a YTY perspective it was a "loss" (i.e., reduction).

    This weirdness comes from the quarter-to-quarter focus of so many corporations, where a loss in profit - which is still profit - is considered horrible, even though perpetual growth is a real-world impossibility.

    More accurately, that "loss" should just be called a decline, but the thought is that the money which should have gone into their books is presumably still out there as opportunity to win in the market and/or declines in profit = less money for shareholders that quarter (i.e., the worst thing you can do in Wall Street's eyes).

    Even though some of that decline  is probably being held offline in some private accounts and hoarded by the 1%, taken out of play in the market in the form of increased compensation or investments . . . so, the game is fixed.  And, Execs conveniently lay off or transfer jobs while upping their compensation.

    1% rule.

    "So, please stay where you are. Don't move and don't panic. Don't take off your shoes! Jobs is on the way."

    by wader on Sun Nov 18, 2012 at 10:48:34 AM PST

    [ Parent ]

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