Congrats Deere UAW Workers

How can you have record profits and slim margins. A profit is money earned after costs. No margin = no profit. We used to get lectures at one company about gross profit, which really should be termed as gross receipts, when the managers wanted to brag up their business prowess. It became real quiet when someone asked about net profit.

John C. said: How can you have record profits and slim margins. A profit is money earned after costs. No margin = no profit. We used to get lectures at one company about gross profit, which really should be termed as gross receipts, when the managers wanted to brag up their business prowess. It became real quiet when someone asked about net profit. Click to expand... Sounds like something I actually heard in a managers meeting once. They were talking about sales of ready mix concrete. One manager said, and I quote, " We are losing a little on every yard we sell, but we will make it up in volume." Just one of the reasons I left that company.

mowingman said: Sounds like something I actually heard in a managers meeting once. They were talking about sales of ready mix concrete. One manager said, and I quote, " We are losing a little on every yard we sell, but we will make it up in volume." Just one of the reasons I left that company. Click to expand... Yup, see linked: DE Stock | News | DEERE Stock Price Today | Analyst Opinions | Markets Insider (businessinsider.com)

From the stock analyst I follow: "Selling all of my Deere (DE)-$335.82 for an.18.7% loss" He bought this before the strike, when Deere posted those "record profits", so allot of investors (myself included) lost money. Little people, retirees etc.

digger doug said: From the stock analyst I follow: "Selling all of my Deere (DE)-$335.82 for an.18.7% loss" He bought this before the strike, when Deere posted those "record profits", so allot of investors (myself included) lost money. Little people, retirees etc. Click to expand... ...Sounds like he bought high and sold low

ChuckRock said: My takeaway from this is to increase pay for Austin and Troy on the factory floor and the executives should have 1 yacht less. Click to expand... People are compensated based on the value they provide . Factories can train any number of people to do a certain task. There are few people who can effectively lead and manage a company.

ianjoub said: People are compensated based on the value they provide . Factories can train any number of people to do a certain task. There are few people who can effectively lead and manage a company. Click to expand... I'm not arguing there executive leadership roles do not require high performing individuals, I am arguing they are not worth, on average, 350% more than you or I. I am arguing wage stagnation in comparison between lowest and highest earners is completely unproportionate and unreasonable. AND when **** hits the fan it is the the lowest paid, not the ones who make the decisions to keep a stable and growing business environment, who face the brunt of the consequences. I appreciate the belief of "workshop wisdom" and how much knowledge resides in skilled and unskilled person - some of the most intelligent people I have ever met have been performing tasks you claim can be performed by anyone.

I am not directing this at you Chuck. I always wonder why the 'low paid individuals' don't get jobs as board members. Then they wouldn't have to complain about their wages.

ianjoub said: I am not directing this at you Chuck. Click to expand... You quoted what I said so... If you want to drag this trout line of highest paid employees and their lineages I would bet you, dollars TO donuts, that you will find that most of them come from a well-to-do background. I would also imagine this background would be beneficial enough to provide the type of support structure that would eliminate problems like student loans, housing, child care, transportation and other realistic life expenses. I will argue that low paid employees aren't all low achievers, they just weren't born to the right money and opportunity.

ChuckRock said: You quoted what I said so... If you want to drag this trout line of highest paid employees and their lineages I would bet you, dollars TO donuts, that you will find that most of them come from a well-to-do background. I would also imagine this background would be beneficial enough to provide the type of support structure that would eliminate problems like student loans, housing, child care, transportation and other realistic life expenses. I will argue that low paid employees aren't all low achievers, they just weren't born to the right money and opportunity. Click to expand... I was not directing it at you because I know nothing about you: job, education, financial status, etc... I find it humorous that these companies actually negotiate with the employees. I had a business at one point with 3 employees. They came to me to 'collectively bargain' with threats of I would be screwed without them. I fired them all on the spot.

ianjoub said: I was not directing it at you because I know nothing about you: job, education, financial status, etc... I find it humorous that these companies actually negotiate with the employees. I had a business at one point with 3 employees. They came to me to 'collectively bargain' with threats of I would be screwed without them. I fired them all on the spot. Click to expand... In the interest of maintaining neutrality, as requested by admins, I am all done here.

ChuckRock said: ...Sounds like he bought high and sold low Click to expand... "We" wanted to loan JD money, so they could expand, invest, grow....etc. We believed in the employees, all of them. While it did go up with the quarterly report of profits, after the strike it went down. You don't want to see JD succeed ?

digger doug said: "We" wanted to loan JD money, so they could expand, invest, grow....etc. We believed in the employees, all of them. While it did go up with the quarterly report of profits, after the strike it went down. You don't want to see JD succeed ? Click to expand... Doug - I am an engine mechanic at heart. My nephews call me a fixer. I like to fix everything that can be repaired. This is cell phones and personal computers to Sheetrock and tile to 70s British cars and 2020 equipment telematics. With my career and hobbies being out in the open - I have a very strong distaste for Deere’s credo on repairs done by third parties.However, I do not wish for them to fail by any means… even if they are direct competition. As for investments go, usually buying at historic highs is poor form. Union contract negotiation adds another iron to the volatility stew that has been cooking for the past years. Don’t blame your poor performing investments on workers wanting more for themselves.

ChuckRock said: Doug - I am an engine mechanic at heart. My nephews call me a fixer. I like to fix everything that can be repaired. This is cell phones and personal computers to Sheetrock and tile to 70s British cars and 2020 equipment telematics. With my career and hobbies being out in the open - I have a very strong distaste for Deere’s credo on repairs done by third parties.However, I do not wish for them to fail by any means… even if they are direct competition. As for investments go, usually buying at historic highs is poor form. Union contract negotiation adds another iron to the volatility stew that has been cooking for the past years. Don’t blame your poor performing investments on workers wanting more for themselves. Click to expand... I would estimate that those aforementioned union employees are at most 10% of the total employed by JD. Why should they get raises when the company performed poorly ?

digger doug said: Why should they get raises when the company performed poorly ? Click to expand... My employee's get raises to keep up with inflation. If I don't give them raises, they go somewhere else, they are good guys and I enjoy having them work for me. So they get a raise when they need it. The deere company "performing poorly" has very little to do with the guys on the line, and much more to do with the stock market ups and down. I don't have a problem at all with the investors taking the loss instead of the line guys. Just like I don't expect my employee's to take a hit on their wages, if I'm blowing the company profits in Vegas. Or I make a bad business decision. If you don't like deere's stock prices, or the fact they have some union employee's - don't invest in them.

On a different note. Because I'm retiring in eleven months and the fact the boss is going to have Penske take over all the work when I'm gone, the service manager for Penske showed up today to see how I manage and schedule. He looked at the dry erase service board quickly added up the amount of equipment {170}. Turned and looked at me and said {Only two of you, how the f2ck do you handle/get it done?} We work a lot I said. He replied well I can tell those in the shop enjoy it now because the storm is on it's way. If we in America really performed the amount of work we should or say we do, everyone would be to tired to go spend it.

Truck Shop said: On a different note. Because I'm retiring in eleven months and the fact the boss is going to have Penske take over all the work when I'm gone, the service manager for Penske showed up today to see how I manage and schedule. He looked at the dry erase service board quickly added up the amount of equipment {170}. Turned and looked at me and said {Only two of you, how the f2ck do you handle/get it done?} We work a lot I said. He replied well I can tell those in the shop enjoy it now because the storm is on it's way. If we in America really performed the amount of work we should or say we do, everyone would be to tired to go spend it. Click to expand... Congratulations on being that close to retirement! That's a big deal in my opinion. Sounds like you have earned it for sure.