Bernie Sanders in FOX News Online op-ed: Striking Workers ‘Courageous’ In Face Of Kellogg’s ‘Abrasive’ Tactics...President Biden also voiced support

[struth]

You're a cocksucker. Why do you have a problem with people making what they deserve?

well if they are canned and replaced they didn’t really deserve it now did they

 

[john doe 101]

well if they are canned and replaced they didn’t really deserve it now did they

It's amazing how you right wing idiots' illogical minds "work".

 

[struth]

It's amazing how you right wing idiots' illogical minds "work".

what part of that is illogical? if they deserved it, they’d still be there. They didn’t…they rejected the 3 percent raise as well.

see ya later.

 

[john doe 101]

what part of that is illogical? if they deserved it, they’d still be there. They didn’t…they rejected the 3 percent raise as well.

see ya later.

You're assuming because their employer isnt paying them what they are asking that they dont deserve it. That is illogical.

But I know already you'll come back and say, "well, that's how capitalism works". But you see that's why we have unions. Because if it were up to corps, there would be no minimum wage and 7 day work weeks. Unbridled capitalism has and never will work without checks ie things like unions and various laws.

A 3% raise means they'll be getting a pay decrease if you take inflation into account.

 

[struth]

You're assuming because their employer isnt paying them what they are asking that they dont deserve it. That is illogical.

But I know already you'll come back and say, "well, that's how capitalism works". But you see that's why we have unions. Because if it were up to corps, there would be no minimum wage and 7 day work weeks. Unbridled capitalism has and never will work without checks ie things like unions.

A 3% raise means they'll be getting a pay decrease if you take inflation into account.

nah it’s completely logical. If they think they deserve more apply for another job. To the other party, at the current job, they don’t deserve what they are asking

Go find someone else that is willing to pay what you think you deserve. A wage is based on a contract, an agreement, which takes two or more people agreeing.

 

[john doe 101]

nah it’s completely logical. If they think they deserve more apply for another job. To the other party, at the current job, they don’t deserve what they are asking

Go find someone else that is willing to pay what you think you deserve. A wage is based on a contract, an agreement, which takes two or more people agreeing.

So your assumption is the corporation is always right. Why is that?

Between 2018-2019 Kellogg's authorized a $1,500,000,000 stock buyback. THAT is why people arent getting paid what they deserve.

 

[struth]

So your assumption is the corporation is always right. Why is that?

Between 2018-2019 Kellogg's authorized a $1,500,000,000 stock buyback. THAT is why people arent getting paid what they deserve.

not at all…they were wrong, hence why they offered more…but the union bosses rejected it

So your assumption is the corporation is always right. Why is that?

Between 2018-2019 Kellogg's authorized a $1,500,000,000 stock buyback. THAT is why people arent getting paid what they deserve.

Not at all…hence why they offered a 3 percent wage increase that the union bosses rejected

wow a stock buy back? you mean the thousands of investors…including peoples 401ks, pensions…maybe even then unions own pension….for a return on their investment!?! the horror…

 

[john doe 101]

not at all…they were wrong, hence why they offered more…but the union bosses rejected it

Not at all…hence why they offered a 3 percent wage increase that the union bosses rejected

wow a stock buy back? you mean the thousands of investors…including peoples 401ks, pensions…maybe even then unions own pension….for a return on their investment!?! the horror…

You can live off your 401k and pension during your working years you dumb piece of shit? Are you saying that not even SOME of that $1.5 billion could have been used to pay it's employees more?

 

[struth]

You can live off your 401k and pension during your working years you dumb piece of shit? Are you saying that not even SOME of that $1.5 billion could have been used to pay it's employees more?

sure hence why they offered a 3 percent wage increase…and not every investment is a pension or 401k…some investors might just have their money invested in it.

don’t you think it’s right to pay the people that have also put their money into the company? don’t they deserve a little return as well?

 

[Grumblenuts]

wow a stock buy back? you mean the thousands of investors…including peoples 401ks, pensions…maybe even then unions own pension….for a return on their investment!?! the horror…

If a corporation really wanted to reward typical investors it would pay (more in) dividends instead of just temporarily bumping up the share price by buying back its stock.

Do Share Buybacks Really Destroy Long-Term Value?

Read our latest post from Alex Edmans (London Business School).

corpgov.law.harvard.edu

 

[john doe 101]

sure hence why they offered a 3 percent wage increase…and not every investment is a pension or 401k…some investors might just have their money invested in it.

don’t you think it’s right to pay the people that have also put their money into the company? don’t they deserve a little return as well?

The dividend yield on Kellogg stock as of 11/30/21 was 3.8%. Which is more than the pay raise employees were offered.

And like I said, 3% doesnt even keep up with inflation, so that doesnt even keep up with inflation nor does it account for past underpayment.

 

[struth]

If a corporation really wanted to reward typical investors it would pay dividends instead of just temporarily bumping up the share price by buying back its stock.

Do Share Buybacks Really Destroy Long-Term Value?

Read our latest post from Alex Edmans (London Business School).

corpgov.law.harvard.edu

true but they can’t always pay dividends it’s much easier this way

 

[john doe 101]

If a corporation really wanted to reward typical investors it would pay dividends instead of just temporarily bumping up the share price by buying back its stock.

Do Share Buybacks Really Destroy Long-Term Value?

Read our latest post from Alex Edmans (London Business School).

corpgov.law.harvard.edu

Kellogg does pay a dividend. Yes I agree that $1.5 billion basically went down the toilet or to hedge fund managers who cashed in on the buyback with the share price increase.

 

[john doe 101]

true but they can’t always pay dividends it’s much easier this way

Tell us the last time Kellogg missed a dividend payment. I'll clue you in...they havent.

 

[struth]

The dividend yield on Kellogg stock as of 11/30/21 was 3.8%. Which is more than the pay raise employees were offered.

And like I said, 3% doesnt even keep up with inflation, so that doesnt even keep up with inflation nor does it account for past underpayment.

.8 more…not much…without investors there is no company

that 3 percent doesn’t include the additionally benefits offered as well…more over the 3 percent was not one time. like the yield.

they were making our way better

face it though…their union bosses got greedy…snd cost a lot of people their jobs potentially

 

[struth]

Kellogg does pay a dividend. Yes I agree that $1.5 billion basically went down the toilet or to hedge fund managers who cashed in on the buyback with the share price increase.

hahah no hedge fund managers didn’t simply get the 1.5 are you an idiot?

 

[john doe 101]

.8 more…not much…without investors there is no company

that 3 percent doesn’t include the additionally benefits offered as well…more over the 3 percent was not one time. like the yield.

they were making our way better

face it though…their union bosses got greedy…snd cost a lot of people their jobs potentially

Explain why the CEO's compensation increased over 20% from 2019 to 2020 to over $11,000,000.

 

[MisterBeale]

unions are a good thing

Kellogg's strike: Workers must get our support

I will be in Battle Creek, Michigan this Friday with workers who have been on strike for over two months against Kellogg’s. Let me tell you why I’m going.

www.foxnews.com

 

[struth]

Explain why the CEO's compensation increased over 20% from 2019 to 2020 to over $11,000,000.

he was paid largely in stock options. He’s pay was/is based largely on how well a job he does

why don’t the union bosses ask for more stock options for the employees?

 

[Grumblenuts]

Kellogg does pay a dividend. Yes I agree that $1.5 billion basically went down the toilet or to hedge fund managers who cashed in on the buyback with the share price increase.

Hedge fund managers? They undoubtedly have the technological edge, but it's more a matter of legalized insider trading, imo. Those making the buyback decisions typically serve on multiple corporate boards, paying each other stock bonuses magically just in time to cash in on those stock buybacks and suck the wind right back out of them again.