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_jjp_ -> RE: Once Again... (8/3/2008 10:09:22 AM)
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quote:
ORIGINAL: deliveredarling
A profit margin is too high when it comes at the expense of the public. You say they create thousands of jobs, what is happening to the people who are losing the jobs due to the increase in fuel costs? GM for one? No sympathy here for Exxon. If it hasn't affected you, great. But many of us are drastically affected. It's greed, whether it's due to the futures market or not.
Their profit margin is not at the expense of the public, they do not set the gas prices. They provide what we ask for and a less than 11% profit is not an enormous amount for them to collect. They have HUGE sales that is why they have huge profits. If I were to work more hours than the next guy (ie sell more) is it a bad thing that i make more than he does. They make less than 11 cents on every dollar in sales and taxes account for 3 times that much so why are we looking at exxon and not the government. It is greed for exxon to provide us with products we demand at the prices that are set external to their company?
Oh and exxonmobil employees more than 100,000 people. GMs job losses stem from a few things, gas prices are only one of them (gas prices which aren't set by exxon by the way). GM stuck their head in the sand and hung their growth on their truck market and failed to adapt to the changing marketplace, they are paying for it now, too bad the employees suffer for the lack of planning. GM also had quality issues which were at least partially at fault for their falling sales and teh poor GM employees who have been demanding more and more through their unions have played a part in driving down the profitability of teh manufacturer.
quote:
BTW, reread what I wrote, I didn't claim it as truth, I said I thought I heard. Not attacking, stating it like it is.
Oh calling them poor poor babies wasn't meant as derogatory, a statement based on a false premise? You weren't stating it like it is, you were stating it the way that would make exxon look like a whiny corporation then when called on it you act like it had no bearing on the statement you made.
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