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Reply to "Has Wise Alloys screwed anyone else in the Shoals???"

I perceive these issues are more of ethics and morals than anything else.

There once was a time in our nation's history when a promise was made by a company to their employees which was kept for life.

Life...

Their word was their bond.

And, better yet, there was often no contract needed because the value of human life was high among the leaders as it was among the employees.

IBM was one of those companies.

Slowly but surely, the leadership of American companies was replaced with a care-less (uncaring) cadre of social Darwinists whom felt that human life was capital, that human blood could fertilize their fields of dreams, that the children born to their employees would in turn be their customers, whose parents once worked in their factories or offices, and whom now must scratch for the pensions once promised them.

They have been robbed from, they are the victims!

Calling such actions as expediency and matters of corporate survival, they forgot the most important part of any organization are the people whom make it great.

Using careless and unproven methods of accounting, and imagining themselves as modern-day barons, they fenagled, twisted and mis-managed monies until they had warped and morphed what they wanted into greater profits for them, while legally eliminating any obligations they may once have had to anyone other than their executive leadership.

By using 'derivatives' and inventing and assessing value to mutual and index funds filled with speculatives rather than physicals they created virtual houses of cards, managed only by the elite, thereby eliminating the average person from understanding the fundamentals of investing, such as capitalization, costs of production and market value.

Interestingly enough, the estranged group of "free marketers" still use those terms to describe and justify eliminating any laws that would or could potentially damage their reputations or fiduciary futures, if they are perceived as helping the consumer, whom are ultimately their customers.

However, they have forgotten to whom they owe their being... the customers whom are their employees.

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