Abbott Laboratories Message Board
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Layoff bonanza ...
Heidi, yawl!
Can somebody explain to me here why when a company lays off i.e. 100 employees it then is allowed a $100KK ($100,000,000) charge against earnings. Obviously each laid off employee does not fade away with $1MM in severance pay fer sherr.
Wouldn't the tax code not encourage all these layoffs by making them profitable to the bottom line? Kinda conspiracy between big bizz and big gov'ment.
What is the catch? And for the unfortunate employees, where is the cash?
Buonanotte!
Kiki-
they laid off 2000 according to what the company said. however, some of those have an opportunity to find a job at abbott --- we shall see.
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As far as those "unfortunate" employees let go...the ones that were shown the door, deserved just what they got and Abbott has been very fair to the other groups.
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doesn't it seem like a conflict though? a lot like shorting the stock no?
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the abt ceos are buying puts abtwu.x on theier own stock-how do you explain that
- 3 Replies to tactrader
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And, how do you know that?
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the "abbott ceos"? last time i checked there was only one ceo - where do you see that he is buying puts. i have to say, i don't know, but i would think the sec would have something to say about that....
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You ought to get your facts straight. The news last Wednesday was that Abbott was eliminating 2,000 jobs. You state 100 and claim Abbott is a strong sell. Did you short the stock?
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=
yhoo&guid=%7B08A7A74B%2DD4DB%2D4D37%2DB86B%2D31C1B8F9478D%7D
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