Page 5 - Firing Workers News Today

Elliott management has made billions by buying large stakes in the american companies and firing workers, driving up short-term share prices and in some cases taking government bailouts. insult to injury. "bloomberg news" wants to describe him as the worlds most feared investor, that tells you a lot. no one is pretending his tactics are good for anyone but paul singer and despond. consider the case of delphi, the automotive parts supplier. during the last financial cris crisis, purchased delphi....

And elliott management have done in this country and to this country. over the past couple decades elliott management has large stakes in american companies, firing workers driving up short-term share prices and in some cases taking government bailouts. bloomberg news described singer is the worlds most feared investor, even pretending his tactics are good for anyone but singer and his fund. consider the case of delphi, the automotive parts supply. during the last financial crisis, hedge funds i...

Bidder often in asia. happened around the country. made a small number of people phenomenally rich. one of them is a hedge fund manager paul sicker who according to forbes has amassed a personal fortune of $3 billion. how he made that money was by purchasing sovereign debt from financially distressed countries. countries that were in trouble. usually at a massive discount. once the country gains any stability. bombard government with lawsuits and massive public relations campaign originating her...

What remains to the highest bidder, often in asia. it happens all the time it is made people phenomenally rich. one is a new york city based hedge fund manager, with more than $4 billion. he made a lot of that money by purchasing sovereign debt from distressed countries in trouble, usually at a massive discount. once a countrys economy gained stability, he would bombard the government with lawsuits with a the practice is called vulture capitalism, feeding off the carcass of a dying nation. in so...

Busy day of events tomorrow, including in the public scaquar. defending freedom. to the man who also says the veterans and soldiers are very important to that defense, particularly taking care of them after theyve done that honor. the secretary of veterans affairs, david shulkin joining us now. doctor, very good to have you. thank you. >> nice to be here. >> neil: we live in an age were so cynical, i guess, about the governments ability to move on anything, that youre pretty torrid taste is re...

Stand by his word and say that any company who is going to export work to another company and then try to import them back to this country after firing workers is going to get nailed with a 35% tariff. i support the president doing that. so will our union. >> well, he seems to have changed his theory what is going on with these jobs. now that he is blaming the workers for the jobs being sent to mexico and blaming the union for the jobs being moved to mexico, why wouldnt we expect in the future w...

Others on the republican party were talking about carrier air conditioners. in that factory, they dont make air conditioners. they make furnaces. and mexicans dont need furnaces. what those furnaces were going to do, they were going to be made in mexico and shipped back to america. so the president hopefully will stand by his word and say that any company who is going to export work to another company and then try to import them back to this country after firing workers is going to get nailed wi...

The compensation at least provides them some certainty their life is just adrift. a traumatic horror like this. the money, at least, in addition to some financial stability provides a degree of certainty. at least we know one answer of the puzzle. >> president obama plan to use executive power. this time using protections for trarnd gender federal workers. the white house hasnt released any details. lgbt right groups -- which will bar the federal government from firing workers based on the gende...

To pay more for their health care. why work? and again, that encourages this whole culture of entitlement, depending on the government. >> but surely, some employers are going to start firing workers all together or placing the full time to part time. >> absolutely. because if you have 50 full time worker, you have to provide health insurance. if you have 53 worker, arent you going to fire four just to get under that you know, to get under that, that base. and weve also seen that people are star...

It? >> its hard to keep blaming your predecessor in the sixth year of your presidency. he doesnt have any new ideas. if you listen to the president over the last month, month and a half, he wants to raise the minimum wage to $10.10 an hour, which is really an anti-jobs program. youre increasing the cost of labor. that most likely, might not be a huge drop, but that will cause probably fewer workers, not more. >> its a 39% increase. a lot of small businesses cant handle that. theyll have to start...