Could be Americans without jobs are not buying products and services like times of old..?
When working part time jobs at near minimum wage, it doesn't leave much left over after paying for the basics...FYI...Its gonna get Worst when oblamocare kicks in full time..Beware Americans...!
One of the most common fallacies of unbridled capitalism is that companies will grow and grow and grow forever.
I think this is a cool study regarding the natural limitations of capitalism.
Nothing lasts forever.
Corporations, humans and even stars in the sky have birth, life & death cycles.
I wouldn't count on this company being around much longer. Old school mentality in a new school world!!
The biggest problem with most big companies is that they think they can continue in the same old way.
AT&T for example made the decision to lower their customers internet bandwidth amount and charge a higher price for what they can get. This instead of updating the necessary equipment to insure unlimited internet for their customers. It was explained to me by a AT&T company rep that they had to change their pricing plan because some customers were using more than their share. When I replied that I'd like to know who made the decision of what was the allowable share. She replied that the equipment just couldn't handle the loads some placed on it. AT&T is losing the wireless battle for the same reasons not updating equipment. Heck, they even pioneered the wireless ability we use today. Yes I know updating equipment cost big time money but if you want to stay the best available in your venue it requires capital investment. My dad was a very big believer in the, "If you build the best available, your customers will show up in droves." He worked at AT&T until he finally retired because no one wanted to listen about changing with demand. Seems they should have listened.
It's the law of diminishing returns. For example, depending on the stress &/or physical exertion required, the average job is best done in 8 hours per day, with a maximum of 40 per week. Go over that, & production falls off just as fast as going under.
Put too much money into, well, anything, go beyond a certain point, & results are increasingly discouraging. Profitability falls off, production declines, quality suffers, etc. Remember the objections to welfare, socialism, etc.?
Am I using "etc." too much?
I've had the fortune (?) to have worked for three of the companies on this list. They all certainly belong on this list.
Dell - saw their day-to-day workings as a contractor for about a year. Yes they're in a saturated, low-margin industry. But their management is also a sorry mess. When you're in a low-margin business you can't afford the waste and lassie-fare attitude they have.
AT&T – also contracted there for a couple years, and had several family members there. Their biggest problem is their retired-in-place workforce, and resting upon past accomplishments, is more important than innovation and development. This company is fading as its old jaded workforce finally retires.
HP – contracting there now. HP years ago forgot and scuttled what made it great – technology leadership. They’re best known for PC peripherals, which they’ve also let slide. They’re trying to reinvent themselves as a software management company but it’s not working well. They could do better if they trimmed a couple layers of redundant management, but good luck with that.
The issue i have with P&G is that the coupons always want you to buy two to get the bargain when people can hardly afford one. Come on.....common sense will tell you that buying one item is too much and to use a coupon buying two...insane. Someone is not aware that the economy is struggling.
can't wait till walmart goes belly up..
people claim to not support slavery, buy they shop there.. at the china warehouse..
HAY SHEEP, if you bought American made, everyone would have a job..
don't have to build rockets to see that..
wake up sheep..
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The solid report comes a month after the retailer closed all of its Canadian operations.
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