starglow's statement regarding "Greedy executive compensation packages and perks have become outrageous" is indeed correct, and is not driven by lies driven from Congress and the media.....from the senior executive perspective, the "let them eat cake" attitude certainly does exist

Starglow2005, you have been listening to the lies spread by our Congressmen and media about "greedy CEOs". The vast majority of CEOs are trying to keep their companies alive. Greedy CEOs are a small part of the problem, but Congress in their mad rush to find scapegoats will point the finger in any direction except towards themselves.

I know of three people who will be brothers in unemployment from Nortel. I offer those who know who I am a beer with my newly "Application being processed" foodstamps.

Guess what folks? Something wicked this way comes - and I just hope you are right with your 401K and your savings.

"It's still somewhat of a stretch to suggest that these companies have some sort of responsibility to keep US workers employed. They have a responsibility to their shareholders to maximize return on the shareholder's equity. If they can better do that by using workers in India than in the US, then they have a responsibility to their shareholders to do so."

Once upon a time, companies took good care of their workers who in turn believed in the company and worked real hard going the extra mile to build a good product or provide good customer service, which in turn resulted in a successful profitable business.... a win-win for everyone, including the stockholders.

Today, company executives make poor decisions more focused on short term profits with no regard for employees or the continued long term success of the company. Greedy executive compensation packages and perks have become outrageous when it is the workers sacrificing down in the trenches who make the company successful.

True but there are tradeoffs with employee treatment and salaries. Alot of those other countries are clearly corrupt and in some areas the corruption is actually legal and a way of doing business. Blagovich(sp?) must've thought he was in one of those countries.

"Alot of these companies have actually been given huge tax cuts and huge incentives" - These cuts are just drops in the bucket. Consider a company that earns billions. It can do business here and pay 30 percent and more in corporate taxes, or it can go to Ireland as an example and pay 15 percent. Our country when stacked against many others is not friendly to business when it comes to tax policies and many other Government regulations that hits profits. Sooner or later Government will wake up; I suspect it will be much later. Businesses that are multi-national are investing elsewhere; not here.

Let's be straight. CONGRESS makes the rules our companies have to live by. CONGRESS enforces expensive requirements on US companies and then enables foreign companies that pay a dollar a day to bring in goods that cost a tenth of what it costs to manufacture in the US. Don't blame US companies for following the dictates of Congress. I personally know companies that only reluctantly moved manufacturing offshore; it was that or go out of business.

"So why can't the three automakers do the same, i.e., file for bankcruptcy protection instead of holding the hands out?"

Because the dems are in the pockets of the unions, it wasn't an auto bailout as much as a bailout to pay off the unions.

Makemyday, you hit the nail right on the head with that statement!

bushisaretard: Does Nortel make anything I use?

Nortel is tied to the telecommunication equipment business and builds telephone switching devices for phone companies. So yes their products are used in providing a service for which you probably subscribe. I'm sure Nortel has diversified over the years, making phones, routers and other possible phone / internet related hardware.

DWS: Good for your daughter, she has her priorities straight! All will benefit from that.

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