My Vote For Quote Of The Day

Posted on 12/04/2008 at 10:31 pm by Bob Cesca

by Lee Stranahan

I was thinking about a post saying that if we’re considering mandating a pause in foreclosures, how about considering one on a lot of these f-cking layoffs? Then I found this quote from Barry Diller that sums it up.

“The idea of a company that’s earning money, not losing money, that’s not, let’s say ‘industrially endangered,’ to have just cutbacks so they can earn another $12 million or $20 million or $40 million in a year where no one’s counting is really a horrible act when you think about it on every level. First of all, it’s certainly not necessary. It’s doing it at the worst time. It’s throwing people out to a larger, what is inevitably a larger unemployment heap for frankly no good reason.

‘A really horrible act.’ That’s correct.

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  • jane

    Hi Lee. I lurved your Huffpo piece about Karl Rove liking stuff.

  • jane

    And this is a good point to be made, this point here above, to which I am referring, in this post here.

  • http://peggystone263@msn.com peggygeorge

    The problem is that for too long, America has detached economics from morality. It is not moral to put greater profits over simply caring about your employees enough to keep them employed even if you have to give yourself fewer perks to do it. The question is: How do we change this?

  • Susan Cady

    Solvent companies simply dumping employees – local to Cleveland – Lincoln Electric has just done it . . . plus pay generous dividends. What a culture of cruelty !!

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