Posted 2 years ago on Nov. 18, 2011, 3:44 p.m. EST by thebottomline
This content is user submitted and not an official statement
I work for a fortune 500 company. In the last 5 years net "profit" has increased by $10,000 per employee or about $4 billion dollars overall. Yet I bring home about $1000 less a year because even though I'm a top performer my piddly raises haven't kept up with the company increase in employee health insurance costs I pay. So what is the company doing with all that money? Buying back billions in stock to support the stock options of the execs. They're easily one of the most profitable companies in the world yet refuse to recognize the hard work of the employee. It's not like they can't afford to give a decent raise. They just chose not to.