'91 Formula

This will become more and popular with ALL publicly traded companies. Someone in finance comes up with spreadsheet that shows how much money the corporation will be saving, so the stock holder will get more in their pockets, if they supplant older higher salaried employees with ones just coming out of college. The higher ups in corporations do not care about experienced employees efficiently keeping their product moving out the door. Its all about reducing the overhead to make more money for its share holders. I was recently part of a layoff from a position which I had for 31yrs. from a military electronics company.They were recently purchased by a publicly traded military/aerospace components monopoly. They purchase smaller companies who manufacture non-standard OEM or aftermarket components, so they can set what ever price they want. First thing they do is raise product prices 20%, then every year after reduce the workforce until its 50% lower. They currently own about 27 different companies. I had knowledge of products that no one there will ever know what to do with. My coworkers always said they don't know how anything would ever get completed if I were not there. Well, they are trying to figure it out now. BTW, GM stock price is around $35, $40 a share. The company I worked for is about $350 a share. There are people in this company hitting the lottery every year.