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Tuesday, May 31, 2016
Corporate DecisionsPosted Tuesday, December 28, 2010, at 9:15 AM
First off, if you are an employee and not a stock holder of Duckwall's/ALCO INC., I apologize for bad mouthing your employer, but beyond that... I think Duckwall's/ALCO is nothing more than another GREEDY corporation whose sole purpose is to make money and the only public relations they REALLY care about is the bottom line for their investors.
Well... what do I expect? I WISH corporations were good citizens and cared about their country, cities, and towns as much as they cared about the bottom line. We of course hear of the big corporate profit take every year... corporations are on track this year for great profits during a pitiful economy. How do you suppose they do that? Duckwall's/ALCO is a good example of boosting the bottom line while helping fuel a bad economy.
The CEO of the above mentioned crappy citizen corporation stated that the Duckwall's wasn't making enough (wasn't losing mind you) money to keep Duckwall's 200 some stores open. The company however did thank it's loyal Duckwall's customers for their past business, basically saying we don't care how much we impact your town or our employees, but we want you to drive to the nearest ALCO because we love you still... HA!
What did that do for Cambridge? Well, the town is in an uproar trying to figure out a way to get a community backed variety store to replace the departing Duckwall's. There is a city owned building that is owed rent by ALCO through 2012, but I think the town may have jumped the gun and let them off the hook for that. There are 5 employees that are losing their job. There is over $26,000 annual sales tax revenue Cambridge looses unless a replacement source is found. And to top it off, we were told that the local store made 8% profit for Duckwall's/ALCO last year.
No more state income tax collected from these terminated folks until they find work, no federal tax either, and the real possibility that some assistance might become necessary... we taxpayers get to pay again for the assistance and wonder if more city cuts might be necessary due to loss of revenue leading to more cuts...
We have become so profit oriented in this country that the bottom line is more important than common good and it effects so many adversely. Duckwall's/ALCO is one of the best examples of a corporation putting profit ahead of everything I can think of.
The real problem is, in my opinion, that corporations are treated like an individual... an individual with no conscience like good old Scrooge. And we've got nobody to blame but ourselves. We elected the people that made the laws that allowed corporations the freedoms and actual power they have. We get to see what being treated like an individual that has the only goal of making money gets us.
Here are a few examples beyond Duckwall's/ALCO...
The following statement is obviously true when you turn a corporation into an individual with no soul. It's also true for the rest of us...
Jesus said "No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money."
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