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Does anyone believe their division head has pushed for higher raises for the staff?

Does anyone believe their division head pushed RV and the executive committee to provide higher raises this year? No need to name the division head, just name the division. It will be interesting to see if anyone believes their division head pushed for higher raises.


More on capitalism and our system

It seems like there are some disagreements about my previous post on capitalism. Let me explain more, and you don’t have to agree with it — that’s totally fine.

  1. In the last post, some of you said there are many welfare abusers in this country. I do agree there are abusers, but that’s only a small percentage of people. If you work at BNY, you are probably not eligible for any type of benefits.

  2. The government pays for the benefits, but where do the benefits go? Most of them go to the healthcare industry and food stamps. As we all know, healthcare is notoriously expensive in the US because the priority goal for hospitals is to chase maximum profits. Isn’t this capitalism at its peak?

  3. By now, most people would think, “Oh, so you just want communism.” The answer is no. The opposite of capitalism is not communism. We need to fix our current system so that most profits won’t go to the top 1 percent. The benefits that the government spends on people are bananas compared to the taxes that the top 1 percent have avoided.

  4. Capitalism chases monopoly. In this country, our food, water, electricity, banks, and healthcare industries are dominated by very few companies. If you really like competition, then how is this a fair game?

  5. For most companies, there is only one goal for CEOs — the stock price. When companies make money, most of it goes to executives and stock buybacks. Just use our company as an example: our main business hasn’t grown for years, but the stock price is going up. Why? That’s because the executives cut back our benefits and outsourced. They used the money being saved to buy back stock.

  6. We have the most Fortune 500 companies, and yet they only pay 9 percent of all government income taxes. Let that sink in for a moment. Where did all the money go?

  7. Let’s take insulin as an example. The price of insulin is 8 to 10 times higher than in other countries, yet the cost to make insulin is extremely low. The same logic can pretty much apply to other industries as well.

Overall, if this is really capitalism, then it’s not functioning very well — at least for 90 percent of Americans.


Too afraid to speak up

We got an email about layoffs this morning and no one in MC is talking about this in slack chats!! What are y’all afraid of??? this is bullsh-t!! Let’s talk about what’s happening !!! Luckily I put my notice in yesterday after 5.5 years. Wayfair is not the same as it was prior to outsourcing.