Michael Dell... Lampert Crony And A Dick.

Joined: 06 Jul 2003 Posts: 8212 Location: Central CA

Sorry for swiping dickapedia's opening but that's what the guy is.

Anyway, this doesn't involve SHC directly but since Mr. Dell is an insider Lampert crony, I thought it an interesting glimpse into the character of the assh... er... man. I wonder if this is another of those "We had to outsource those 900 jobs and lay off 900 people. Otherwise we would have had to lay off about 900 people in order to satisfy our shareholders.". Does it really make any difference to the working stiff why he or she got laid off? Anyway:
DELL TAKES THE MONEY AND RUNS

Joined: 14 Dec 2008 Posts: 21

We had a truck assembly plant that took a bunch of taxpayer handouts and was open for about 10 years and now has moved. Apparently they do this around every 10 years... sniffing out some new tax breaks then moving... I am sure the CEO,s will all be fine. If you dont like it then boycott dell... not much else you can do. Buy american? very hard to do but probably the only thing left. We dont even buy our own cars anymore......

Joined: 18 Sep 2007 Posts: 82

How very true!

Joined: 06 Jul 2003 Posts: 8212 Location: Central CA

IN MY HUMBLE OPINION...

We don't buy our own cars anymore because several southeastern states made the same kind of sweetheart deals with foreign car companies that N. Carolina made with Dell as part of their union busting operations. They were perfectly happy to use American taxpayer's money to toss American companies to the dogs as long as no unions were or ever would be involved.

Eventually... about the time major infrastructure replacement and investment is required... the Americans who own shares in those foreign car companies will realize that they could make more money by building that new infrastructure in Mexico or some other third world country and the whole scenario will be replayed again. Going to be interesting to see who they pin it on since their usual scapegoats won't have been involved.

Of course, a lot of our public was glad to see the American Auto manufacturers go down the tubes because they were unionized and EVERBODY knows that organized labor is the root of all the problems in the country and that union members are either Communists, Socialists... and now I guess, Nazis... whatever epithet the talking heads toss out there that morning.

Joined: 14 Dec 2008 Posts: 21

I never really saw much use for a union but with the way business has become an out of control entity it appears my view is changing. On one side a union that just supports more and more pay for less productivity and quality is wrong. That appeared to be many large succesful unions until recently. On the other side in the past few years I have seen such a swing in workers ability to earn a living that it appears we are toast if we dont have some kind of protection. Seeing long-term workers tossed aside for trivial reasons and stripping of benefits, pensions, income for the little guy but at the same time massive over pay for the few at the top... It only makes sense that unless we want to become something out of charles dickens novel it has to change. I was shopping at our store recently and was in line to buy some stuff watching the frazzled single clerk deal with all the coupons and special offers. She looked tired and a bit burnt out. When I got to be served she spoke to me and it was apparent that she had some major dental issues due to her teeth being in bad shape. She was pleasant and did her job but I thought why should the few at the top live in crazy opulence when the worker cant even afford to fix her teeth?? Also saw a new supervisor come in to our area and take a dislike to a life-long worker who had done all asked of her. For whatever reason the boss didnt like... Sooo in a few months there was a cut and she was gone. Is that right? How can a 25 year worker just get tossed aside by a new boss? Lots of troubling issues here. I still dont know what the answer is but the little guy is taking a beating and we even had to shell out tax money to save the mess created by the so called experts....

Joined: 06 Jul 2003 Posts: 8212 Location: Central CA

I think a lot of the unions made the mistake of becoming big businesses themselves during the bad old days and all too often in doing so, they became what they were formed to protect the little guy from. That happens because the members think all they have to do is pay the dues and someone else will do the work.

While this is true to an extent, the work that you kick back and let someone else do is going all too often to be in HIS best interest which may not always coincide with yours. You have to be active and make sure your team is working with a set of points that have been voted on by the membership, not slapped together by some faceless committee somewhere.

I spent my entire career in (Not Sears) a union that the membership itself maintained tight control over until my last few years when we were virtually forced to affiliate with a huge national union in order to even maintain our existence and even then we maintained our own collective bargaining team an formulated our own issues and bargaining points. It worked out pretty well for us.

Joined: 08 Jul 2003 Posts: 6045

Punks like this a the reason the economy is in the crapper today. Unless Dell and his fellow manufacturers realize that unless they employ people here no one will have pay or disposable income to buy their products. This is half the reason the country relies so much on credit- a poorly paid and under employed citizenship.

This is also the reason you do not give tax breaks to punks like this. Everytime I hear about tax breaks it infuriates me because a tax break is nothing but a bribe or unfair discount that others have not gotten. No business can guarantee it's life span yet many tax breaks won't equal profits for the citizens for a decade or two.

This is no surprise since Dell is a major fan of Eddie who just gave a British company a software contract. Eddie and Dell deserve each other. mr ed even inspired Dell to form his own investment fund: MSD Capital and I think they were in a medical supply company together call McKesson Corp. And we cannot forget the bozos on the Dell Board: Donald Carty and Michael Miles who signed off on the destruction of Sears along with their punk ceo the wheelman Alan Lacy.

Then eddie has the gaul to hire ex Dell Chief Financial Officer Kevin Rollins to the SHLD board who had to resign because Dell was under investigation by the SEC for shakey accounting/late filings and for filings/statements that had to be redone. Sounds like mr ed was giving Rollins hush money by hiring him so he didn't get disgusted and go public with Dell's accounting secrets.

Punks;all of them. Thugs with a suit and an executive title.

Joined: 08 Jul 2003 Posts: 6045

And Dell/Dell's investment fund(MSD Capital) is apparently still doing business with SHLD execs including a deal with Steven Mnuchin for IndyMac a bank

http://blogs.wsj.com/deals/2009/01/02/deal-maker-profile-new-indymac-ceo-steve-mnuchin/

Hmmm, Ex Goldman Sachs Executives,Micheal Dell and SHLD Board Member Steve Mnuchin.

It is not a coincidence that these people and companies keep on crossing paths.

So Dell makes money off a several years of tax breaks and now might get some tarp/government money AND take his business elsewhere.

Joined: 08 Jul 2003 Posts: 6045

From the consumerist on a thing about Intel being a considered a monopoly and bribing ' customers ' . Apparently Dell recieved alot of money from Intel for Dell to keep on using their chips instead of AMD. Bribes payed off in rebates apparently

http://www.nytimes.com/2009/11/05/technology/companies/05chip.html?_r=1 or the consumerist.com

Business as usual if you ask me. Kmart got nailed booking rebates rather aggresively when the bankruptcy accounting was checked. Point being did you ever why certain models and products keep on rolling in even though it's not a good price or product. This is an excellent example.

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