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Ken time to clean ur house....it's embarrassing

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Anonymous said:
At the end of the day it's simple. We are going to have 2 more minor patents expire this year also. If research and development does not get straightened out there is a world of hurt coming. Right now we are worth around 125 billion. Investors are now getting jittery with good cause. If we continue course, in 3 years we should be in the 60-70 billion range. If we have anything promising we might get bought by another company. That's a best case situation. Worse case is we get taken off the public market by venture capitalists thinking they can turn things around. If that happens everything is on the table. Nothing is reported and nothing is out of reach. If people think a merger is bad, it is nothing compared to a public company going private. The employees, benefits, and pensions are put through a shredder. It's a horrible thing.
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that can happen. Better chance we will get sold piece by piece over time. Since when has Venezuela currency rate or any other country cause a disturbance. We handled the Euro problem without a scratch. If we do go private, CP should put us under lost civilizations.
 




Anonymous said:
that can happen. Better chance we will get sold piece by piece over time. Since when has Venezuela currency rate or any other country cause a disturbance. We handled the Euro problem without a scratch. If we do go private, CP should put us under lost civilizations.
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When any large company goes down hill it happens pretty quick relative to how long the company existed. We will go into bankruptcy, fuck everyone (especially the employees and shareholder) then somehow be a great company. It's like a giant fuck everyone reset. I lost 50k in bonds held by GM and Kodak. Never got the 50k back. My accountant said nothing could be done.
 




Anonymous said:
When any large company goes down hill it happens pretty quick relative to how long the company existed. We will go into bankruptcy, fuck everyone (especially the employees and shareholder) then somehow be a great company. It's like a giant fuck everyone reset. I lost 50k in bonds held by GM and Kodak. Never got the 50k back. My accountant said nothing could be done.
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Seriously, what would happen to current retirees' pensions if the company goes bankrupt and is sold off?
 




Anonymous said:
Seriously, what would happen to current retirees' pensions if the company goes bankrupt and is sold off?
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The good news is that if you are already in the system (retired), federal insurance will cover around 54,000 max. Health benefits are a different story. If your employer drops its health insurance benefits as a result of a Chapter 11 bankruptcy filing, you will lose your health coverage. You cannot continue your coverage through COBRA because the group plan will no longer exist. Once they get a new plan for current employees, retired people are not entitled to that new plan.

If you have not yet retired, you'll receive an estimated benefit when you apply to the PBGC to begin your pension payments. "estimated benefit" sucks because they low-ball that number. All companies alter the estimated benefits way before they go into bankruptcy.

remember, it would not happen tomorrow. 5 years from now is anyone's guess.
 












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