Originally posted by chrisilversvt:
Originally posted by sigma:
Originally posted by chrisilversvt:
Originally posted by Pigeon:
Originally posted by chrisilversvt:
i am so glad that the company i work for invested millions of dollars in a fund just for pensions...a very nice investment that looks to be enough to last for a long time....or at least long enough for me to get mine ..



Just so long as the company doesn't decide to raid the pension plan...

Scott




nope won't happen....we own far too many other companies and have too strong of holdings in too may others to ever come to needeing that moneyin the foreseeable future...just the interest made on the amount in the pension fund is enough to cover the pensions for that year....



That's the story behind every failed pension plan. Never think that you are invincible to the same problems that others have encountered.




if you say so.....my company posts profits in the BILLIONS every year...and ALL the other companies we own make huge profits as well....like i said the interest alone made off the pension fund is more than enough to pay the pensions every year....and there are millions of dollars invested in that pension fund...we have been able to operate for 30 years without having to resort to dipping into that fund,and i see no reason why it won't be there in 30 more years...

we could function for several years without posting profits just off what a couple of our holdings make...



So? You just described almost every decently-sized corporation in America. Do you really think you're so invincible to the exact same problems as everyone else? I've done work for FedEx before and I can't recall anything about a corporate brain-washing program. You must be wearing the biggest and darkest rose-colored glasses there is.

You think Enron didn't post huge profits for years? You think WorldCom didn't post huge profits for years? Airline pensions have failed (gov't just took over $10B in pensions from United couple days ago), Steel industry pensions have failed -- HUGE corporations that in just a very short span of time just went belly-up. Do you think that every company that just up and died was on that path for 20 years or something?

[censored] happens, man. Everything you take for granted could be gone in the blink of an eye.

Hell, just look at Social Security. That's one that almost everyone can relate to. At one time Social Security generated more interest than was paid out and it hadn't been dipped into in decades. The picture isn't quite as rosy right now.

Just wake up and smell the coffee, man. Stop eating from that big plate of [censored] that your HR department is feeding you. Every person whose entire life is ruined by a company fallout, millions of people in this country right now, were people who thought exactly the same thing that you do. That your company is strong, that they'll be around forever, and they'll take care of you when you retire.

I work in the field of logistics and industrial engineering. I've done a bit of work for FedEx in the past and really admire a lot of work that they've done. But to think that they couldn't succumb to the same fate as others is just downright ignorant. You know the saying -- The bigger they are, The harder they fall.

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