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beerbeer

Democrats and Unions are driving Pratt out of Connecicut.

18 posts in this topic


Oh, I'm up!

You can't survive in CT on the salaries they are paying in the low cost countries. Truthfully you can't survive anywhere in the US on them. Most, if not all, of the countries they are moving work to have national health care eliminating that part of the compensation package from the equation. We will never be able to compete with the developing world as far as labor costs are concerned so there's really no point in trying. We do need to be more competitive against countries with similar demographic make ups and level of economic maturity but we can't race to the bottom against Singapore and Thailand. CT does need to be more competitive against other states in the US but if they just need to get the work done as cheap as possible then CT and more an more the entire US will not be the place to be.

How about the fact that conservative anti urban policies have left CT completely bereft of quality affordable housing that would lower the cost of living in this state. Do you not see that as a major issue?

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WAKE UP??? So what, I'm supposed to reduce my standards of living just so I can compete with a Chinese worker making 30 cents an hour? I don't know about you, I'd rather have more than 30 cents an hour.

Pratt is just playing by the rules and taking advantage of cheap labor and cheap everything somewhere else. If we changed the rules, so that people in America can actually maintain their status of living - rather than export jobs for the sake of getting bigger corporate executive profits out of it... we wouldn't have this issue.

If anything, it's been Republicans and the corporate masters paying off Republicans - who are driving business out of Connecticut.

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Corporate greed is what's "driving out" Pratt. It came out during the ex-CEO's divorce trial that he pulled down $65 million plus perks like use of the company jet in his last year with Pratt. Yet Pratt is falling over themselves to get out of the state so they don't have to pay their rank and file what they earn in CT. Why? $65 million isn't enough? Would the poor dear starve if he only made $60 million or, God forbid, $55? Why is it that Executives are entitled to ever growing salaries while the middle class has watched its wages stagnate and regress over the last 20 years?

All the right-wingers love to get outraged at some union worker earning a decent middle-class wage but seem to have no problem with executives making salaries far in excess of any value that they add to the company. For a group that loves to scream about the left and its "class warfare," why is there nary a peep when the class warfare gets perpetrated by the Robber Barons against the middle class.

I'm willing to concede that some of CT's employment laws raise the cost of doing business more than is reasonable, and I would support Pratt if it lobbied the legislature to modify the law. But this recent episode by Pratt is all about screwing over the rank and file so that the executives can continue to pad their already shamelessly fat bottom line.

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Corporate greed is what's "driving out" Pratt. It came out during the ex-CEO's divorce trial that he pulled down $65 million plus perks like use of the company jet in his last year with Pratt. Yet Pratt is falling over themselves to get out of the state so they don't have to pay their rank and file what they earn in CT. Why? $65 million isn't enough? Would the poor dear starve if he only made $60 million or, God forbid, $55? Why is it that Executives are entitled to ever growing salaries while the middle class has watched its wages stagnate and regress over the last 20 years?

All the right-wingers love to get outraged at some union worker earning a decent middle-class wage but seem to have no problem with executives making salaries far in excess of any value that they add to the company. For a group that loves to scream about the left and its "class warfare," why is there nary a peep when the class warfare gets perpetrated by the Robber Barons against the middle class.

I'm willing to concede that some of CT's employment laws raise the cost of doing business more than is reasonable, and I would support Pratt if it lobbied the legislature to modify the law. But this recent episode by Pratt is all about screwing over the rank and file so that the executives can continue to pad their already shamelessly fat bottom line.

Well said.

I just wish more people would realize this.

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I hate to burst a lot of bubbles here, but high taxes are what's killing CT...... And who likes to raise taxes a lot? The CT legislature! Which is primarily Democratic. Why do you think Pratt wants to get out of CT? It's true that cheap labor in other countries and States have played role, but maybe they would overlook that if taxes were kept low, considering we have a well educated work force. So to those who blamed conservatives... Thank you! I had a really good laugh.

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ok, well time to burt even more bubbles including your own.

As much as the conservatives are predominantly pro business, and liberals are supportive of social programs (that can lead to higher tax rates), neither party is to blame.

if you want blame you need to point to whatever part of our society that make the two sides at open war. I blame the reagan years, not for him as much as the policies brought about by the people who were really in charge. I further blame the creation of sensationalism in journalism masterd by fox news, but certainly nothing I feel the need to fault them on.

our society refuses to balance politics, and therefore when one side is in power they "over do it" this leads to an over reaction when the other side is in power.

as much as we have liberal representitives, we do have some powerful conservative leaders as well. for whatever its worth, no one is willing to make deals that make sense for the long term, rather they push as hard as they can while in powwe assuming the other side will "und do" their work and push equally hard back the other way.

lets face it conservatives are the frekin devil as much as liberals supporting excessive social welfare are equally destructive.

a proper society walks somewhere down the middle. and that middle line includes taxes, and incentives for business, and hopefully the cost of doing business ends up reasonably competitive. but also, hopefully the social programs are robust enough to take care of those in need.

anyone who stands firmly on one side of the asile and points a finger might want to look in the mirror and point back at themselves.

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http://www.courant.com/business/hc-george-david-pay-726-20100727,0,7943597.story

Yup, it is union greed that is driving Pratt out. No doubt this guy was worth every cent of the half a billion dollars over ten years. :rolleyes:

How many jobs could have been created or kept in CT if this greedy ass had been paid a hundred or so million less?

CEO Pay is one of the biggest problems we face. Also the whole derivatives market is taking money out of useful ventures in the real economy and putting it into the Wall Street Casino. It's amazing how people don't realize that the greed of the rich and powerful is the real enemy. I understand that they create private sector jobs but the way things are now they are being incentivized to cut jobs and ship them overseas and take the profits and gamble on derivatives. It's truly insane.

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Davids "pay" is OK concidering how much he grew the company during his leadership. sure he made a crap load, but he made easily 100 times more money than that for all of the Pratt and Otis employees living in CT in their 401K and stock options. the wealth of the region is tied top UTC. and during his tenure it increased by something like 14X it might have been higher. he is in the CEO hall of fame kind of successful.

now, the shame in it all is UTC changed from a home grown, take care of your people take care of your towns(east hartford) mentality and have transitioned into a global monster that just answers to share holders. they invest less locally, and could just as well exist in Florida as in hartford.

sure they still employ 14,000 in state, but they are not as visable or "invested" as say Aetna.

But I personally do not begrudge George David. it would be one thing if he didnt grow UTC into a goliath and he didnt make many CT residents gobs and gobs of money. but the fact is that he did this, and he earned his paycheck.

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Corporate greed. LOL. What are you guys in third grade? Businesses exist to make a profit. Getting mad at corporations for making a profit is like getting mad at water for being wet. It's childish.

Either Connecticut creates a business friendly environment where companies can prosper or the companies will leave and take their jobs with them.

Remind me, when was the last time a union CREATED a job?

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Unions aren't around to create jobs, they are around to protect workers and to prevent unfair workplace practices that shouldn't happen, but do. They are there to represent the worker to make sure they get a fair shake. There are laws in place that supposedly do this, but they don't. You'll be disagreeable no matter what, so i really don't see the point of this thread anymore...

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Unions has a function in 1930. Today they are just a corrupt arm of the Democratic party that take advantage of their members and serve little purpose except pricing jobs out of existence.

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Nothing we say will change your mind, I'm not seeing the point of this conversation....

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That's because you have a very weak case.

Look at the union strongholds. They are northern cities like Detroit, corpses of cities really. While right to work states like Virginia and Texas are filled with cities that are growing and gaining jobs.

I would change my mind if you could produce any evidence that unions are good for economies of anywhere. Especially when you have to pay a Connecticut worker twice what you pay a southern worker to turn a wrench.

That's because the argument about unions is not economic, it's political. Democrats are addicted to union money. Unions turn out the vote for Democrats. And the union members slowly price themselves out of jobs. Then, the Democrats play the class warfare card and blame corporate greed. But that gets the union NOTHING. And the cycle continues. And the jobs keep leaving. And it will never end because economics never comes into it.

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Very strong cases have been presented in this thread, you have paid attention to none under the pretenses that they are wrong, when in reality you choose not to listen, Conversation over, in my opinion...

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The federal government has taken the place of unions when it comes to working conditions and fair practices.

Now Connecticut s suing Pratt, again, doing the unions bidding.

So I ask, exactly what is the purpose of a union in 2010?

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Lets see a Democratic Governor, State House, and Senate....... Yep were pretty much screwed. Dan Malloy has already said he's gonna raise taxes, and he has all the troops behind him. At least with Rell we had some restraint, but CT voters throw that all out. Good Job!!! Oh well guess I'll move down south somewhere.

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