Transcripts For FBC The Willis Report 20140210 : vimarsana.c

FBC The Willis Report February 10, 2014

Hot water after comments he made the play been distressed babies for changing the 401k program all said jury a companywide conference call. Here to way youd we have our power panel. And paul howard senior fellow at the Manhattan Institute he added moms to the staff we have to do that had distress babies that we paid 1 billion each to be sure they were okay in these are the things that add up to benefit cost so i madehe decision to change the 401k plan. Critical of their decision to give emplees less benefits. Do you have a problem with what mr. Armstrongad to say . As i understood in it he was playing obamacare with the increased cost rather the individual situation. That caught cost is indisputable obamacare is costing them millions of dollars. So wha he was saying is the Employee Health premiums have to go up or they have to cut the batching. So the company and the employees a of the culprit is obamacare. Gerri there are other sources for those funds. You were not a favor and . You thought it was bad form . To make you dont nt to single out any individual employee for health care. It could even be a federal violation classic case of foot in mouth spicule party as opposed to disclose as clues medical liberation about employees. Gerri they give all the trouble we go through here to keep personal informatn in separate addon that call today there were probably a couple bevan who were very upset. I thought the same thing right away privately have been very upset. I did not hear the details of it was an endto have babies because theoretically they are involved and covered because of the mail but it is psible people do who they were. Theoretically that would be hipaa violation. Bb Tim Armstrong is not the best benefits manager brett fight is any company in a position to be so critical of health care . Going back to world war ii price regulations so this is the fundamental cause some courage words but government involvement under health care. Ups, a target, a university of virginia, companies have said health costs are going up specifically because of obamacare. Then why notay Health Care Costs are going up . We have to offset with 401k. We have to make a business caseecisions. I am not certain he can tie all these to obamacare. For the last few years while Health Care Premiums have been going wn for a middle businesses they are going up or stay the same. Said you have a variety of cost related to obamacare like a Preventative Care or things that are good for employees long term. We have to let this shakeout gerri i hear that but i agree obamacareost are out of control absolutely. Tim armstrong has foot in mouth syndrome like i have never seen. Here he calls on the employees he will fire in thconference call. They think it is a joke if you want to joke around you should pick up your stuff a you believe today i will be very specific, from experience, put that camera down right now. You are fired. Of. You just never hear this because nobody ever es this except possibly tim armstroog. It is not the good readers and style to be rate to employees and a public manner i am not an aol shareholder but the italy is in the competitive environment but with government breathing down its back. Gerri broadly i was asking the question how is aol even on the hook . You explained why that babies. Companies self insured to play all their own medical bills through the administrator. Aol s of the folks for premium reinsurance attacks also a new Government Agency at works on comparative effectiveness so they are real cost that aol will pay. Gerri but aol revenue is up 13 the stock is on fire but yet the employees are not happy. We object to the manr that this practice was sclosed some significant changes especiallespeciall why resulting in a pay reduction should not be buried in fine print but it spoke about openly. So the idea of 401k dial back this came out some time ago and was buried . Employees are not happy . I see that has been the problem with the Affordable Care at all along we still dont have a sense of what is happening. It and we both know businesses dont like it. Obamacare he use a the ramifications here in the Conference Calls of aol dealing with all these uncertainties. Gerri i believe now employees are befuddled a and confused. To m armstrong h some confusion but it goes to the bottom line. Because Health Care Cost employees rather than using Medicare Coverage under the Affordable Care act. On the heels they stepped on his own message. We did not get a chance to talk about the positive things in pat is a lot of things are covered preventativelay that in the long run i hope will make costco down n but every dont know yet. In the meantime people find their cost is the wing of. If you can find a doctor. If you can find a job. [laughter] great job. We appreciate your time. What do you think . Is a else rolling its own emoyees under the bus . We have more to come including eight new device that looks like star trek. Not just the price tag we will tell you the cars that will cost the least to maintain over five years. This is the quicilver cash back card from capital one. Its not the juggle a bunch of rotating categories card. Its not the sign up for rewards each quarter card. Its the nogames, nomessinground, noearninglimithaving, doilooklikeimjing, turboboosting, heavyweightchampion oftheworld cash back card. Thiss the quicksilver cash back card from capital one. Unlimited 1. 5 cash back on every purchase, everywhere, every single day. Now tell me, whats in your wallet . [poof ] [beep] [clicks mouse] nice office. How you doing . Good. Automatic discnts the moment you sign up. I ke prilosec otc each morni for my frzero heartburn. N. Becat wohoo [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. One pill each morning. 24 hours. Zero heartburn. Our veterans need you. There are more than 8 million enrollees in health care at the department of veterans affairs. Thats more than 2 percent of the entire us population. This includes veterans from previous generations and veterans from todays wars. Challenging medical condition ever increasing Technological Breakthroughs and more returning women than ever before are redefining the type of care va professionals are providing. Serve those who serve our nation. Provide patient centered evidence based care. Bring your exceptional medical and Health Care Skills to the Veterans Health administration. Americas heroes need you. Join the conversation at workatva or visit vacareers. Va. Gov gerri consumer alert gas prices will jump as we begin the countdown to the winter than higher prices as refineries and shut down for the winter rain in santa summer plant that is more expensive but the pain but not be as bad as last year. Aaa predicts it will take between 3. 85 a and 375 per gallon. Last year they hit 3. 79. Just one factor to consider when buying a car a Kelley Blue Book is unveiling a list of cars with the lowest projected cost for the first five years of ownership. Of the senior markets analyst thank you for coming. Great to have you here. Tell me everything that goes into this depreciation depreciation, maintenance, r epair . Exactly. Consumers get caught up with the up front Purchase Price the add maintenance maintenance, insurance, fuel maintenance, insurance, fuel , in addition to get a sense of what they would pay over five years. Gerri nobody thinks about this they just looked at the sticker. You say mas des is the best reid streetcar to operate overtime . Dear rick if you look across the portfolio if fantastic little crossover on average you will save the most with mazda by looking at a brandon their portfolio. Their fuel efficient and will last of the road. Gerri the best luxury . Llxus. No surprise they share is jerry and platform with toyota so we know there is a big focus on quality youd fuel efficiency. Lexus i the vendor there. Gerri if you have a single model which one will save the most over five years . The midsized is tough it is very competitive a lot of great products but we had to pick a better wh the honda accord. Going back historically the best selling in the country now a redesign with 40 mpg. 200,000 miles on this is great. Gerri 200,000 . That is amazing. What pickup truck . These can be expensive they can go through a lot of guest. Absolutely theyre very expensive but they have come into alignment with construction and so for this similar to the silverado redesigned with the emphasis on fuel efficiency eric will be cheap to maintain in the long run. Gerri what fuel consumption and . Look at the sierra the mid20s on the highway may be closert 30 which is pretty good for the fullsized pickup. Gerri you like the already . That is the sweet kharkov a fantastic plane but they did not sacrifice fuel efficiency. You can get the 2liter turbo closed 35 miles per gallon on the highway so able save you cassette the pulpit and its appreciation of the best. Gerri and a very pretty. Here is a number. You love cars and happy to buy anything but the typical new vehicle only retains 39 of its original value after five years. 60 percent out theindow. It is tough coverage you have great newproduct every year not to mention an used cars and on the road because they a produced at a better quality it is tough to read it but they do appreciate. No way to get around it. Gerri so with all these numbers, of what are the items that typically breakdown . Historically transmission and, where a and tear that will break down after 100th miles. The timing belts will go well but cars produced in the last five or 10 years is much better than anything we have seen in a long time. Some resale most anything you can get 150 all maybe even 200,000 as in the case of honda. Gerri he a great weekend. We will have advice on how you can avoid the been part of the 6. 6 debtor unemployed. And new device to give google classic run for its money. It is amazing could ever your eyeballs . Welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. You are gonna need a wingman. And my cash back keeps the party going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be this hard. With creditcards. Com, its easy to search hundreds of cards and apply online. Creditcards. Com. Gerri forget going to the movies or playing video games now you can do that with this. It is called is the person all mounted theater by directing it directly into your eyeballs. We have the ceo. We appreciate this. Tell me what this is and how it is supposed to work. We have this amazing new visual technology that there is no screen the image is projected directly into your eyes every take this new technology to put it into a head the and of your phones see you can listen to music if you want a video that you are yearold movie theater. Gerri should i be concerned about my eyeballs of . Not at all. This is more comfortable the of the lcd monitor the use tear at all day it is the light here rise naturally see it seems more comfortable tuned real than any other display. Gerri how did you come up withhthis idea . We are doing crazy research for the government and i was called up what about projecting light directly into your eye . I fly out to i stuck my face intohis contraption and there was a moment i thought something is happening. Gerri does it hit your retina . I cannot get over the technology. Do you need a tv ever again . No. You plug this and tear iphones or your tablets u. K. And street liked netflix or view games it feels like a huge personal theater it is an amazing experience. Gerri what is the cost . It is on kickstart right now you can buy this right now 489 499. Gerri are their other applications . People primarily love it but corporations have approached us with the concern like security they want to do computed without people looking over their shoulder or medical applications for those were visually impaired. Gerri and it comes in different colors is a teeeighteen yesterdays news . It is totally different market. To give people information but we try to give the ultimate experience. Gerri are there a medical applications . Definitely. People are very interested to potentially use it as the assistant to vice foreign visually impaired issues. Gerri you told me there are no problems over time and it safer than the of crt spirit we have shown hundreds of hours on this device to thousands of people the first thing they noticed is it looks so real a unit of natural is it also feels a lot more comfortable but were trying to create the Natural Light he would normally see. Gerri amazing technology. Thinks he for showing us. Civic Consumer Credit grows by the most of almost one year as a result of aharp increase the credit card usage. Total Consumer Credit rose byllion cover more than 3 trillion use rose by five lead alone the can you imagine life without credit cards . Most of us dont want to let them go is impossible . We want you to help us find out by taking the cash challenge. Can you dont your credit cards to live off of cash only . We will want to talk to them. If you want to get rid of credit cards we will help you. Shouldnt you reserve the Engagement Ring if the relationship crumbles . How do you do that . The best way to get the urge dream job while applying of wind. Online so ally bank has a raise your rate cd that wothats correct. A rate. Cause im really nervous about getting trapped. Whys that . Uh, mark . Go get help i have my reasons. Look, you dont have to feel trapped with our raise your rate cd. If our rate on this cd goes up, yours can too. Oh that sounds nice. Dont feel trapped with the ally raise your rate cd. Ally bank. Your money needs an ally. Open to innovation. Open to ambition. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Gerr finding a job in todays market is downright tough more speakers fled the web with your new prospects but error next guest has tricks to landing the resin made at the top of the electronic file. From the Staffing Firm in chicago, great to have you here. People ponder how important it is to be highly visual on the web when looking for a job. Most employers will google you to check out your Facebook Page for precautionary measures so you want to have the Online Presence in make sure you cross your ts and dot yr eyes to be sure you know, what other people see when they google you. Gerri is the paper resonate dead . Not at all that has spent a greatly exaggerated. There still is the need for that people still share this around the office. Happens if theres too creative with too many sonates they have fabrication. Make sure you write user bright tents in the right adjective but most importantly to say i m marketing here i am a journalist here. Gerri i dont mean lying to resonate or fabricating not embellishing. Gerri the fact supports your argument that they dismiss the are presentday seeking gate yourself from about. Talking about on line where the action is it is difficult to get your name for those considered for the job what web site should they go to . I realize you were in the business that is more old school but what matters . If you are looking for a job beyond monster, a Career Builder, dice, have your profile updated lk to end. The realtors the present rate is a Marketing Tool for who you are if you are a job hopper over the next tender 15 years the says youre not a steady employee. Gerri talk about other tricks they sit if you talk about a marketing job with Procter Gamble what is considered the prime entry level there are thousands of people competing for the same job. How do you get your rest of the app talked . You have to be a networking get out of your house and get the profile but then get out. Networking with a you just graduated fromollege networking with friends of your parents are parents friends, or networking groups, Interest Groups in your field, or if you have been in the workplace your networking with people you used to work for in staying in touch to talk about relevant things keeping you eric the top of the mind for those who have the power. Gerri didnt have to go through the ierview iiself then beat other people in the company. I think for a highprofile positions people hire people they already know. Somehow with that 7 degrees of separation is that what you are word describing . Of firms like mine they get paid fees to find people well that is true the rolodex is limited but are you getting yourself in front of people then to have the perspective to say i need to brush up on this that is where most people feel they are not truthful. Gerri that is not on my reservation. [laughter] but most people want to know but the truth is it if it is a deficiency. Gerri i would not disagree but i want to share some information. Of web site like monster. Com that is the best known out there ranks 152nd in terms of popular. Healthcare. Gov ranks 813. Fox news and 309. Monster, the Career Builder people are looking hard. If you for having me. Getting the interview process is hard enough t when they do respond you may be asked we are questions. Actual Interview Questions number five why is the tennis ball fuzzy . It is a question asked which one answered because it is cuter. If youre a pizza delivery man how would you benefit from scissors . One answered to make some of to make the pizza box around. [laughter] number three if he were a box of cereal which one would you be . One answered cardboard. [laughter] if you could sing once on uname

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