EMC - Pay cuts across the board or layoffs?

I can't understand what their employees and executives are going through (not in their shoes), but it seems to make sense that in companies and institutions that people should take pay cuts (across the board) vs. laying off a percentage of employees or executives.

A recent marketwatch article states that EMC executives took a 20 percent pay cut, followed by an additional 5 percent pay cut and are now encouraging employees to take the same 5 percent pay cut. In this way, they can save $100 million and noone loses their jobs.

May that's the risk averse side of me coming out...it's safer for everyone to take a pay cut than to risk having some people lose their jobs and suffer those circumstances.

Disclaimer: At the time of this post, I controlled some EMC stock.

What time is it now?

What time do you think it is on this watch?

I got this advertisement from a ForbesLife Magazine. I’m also getting Forbes for free and occasionally it has other supplements.  The watch is an “urwerk” and it seems that this watch is nearly $95,000.  Check out the site "luxurywatch" where it is listed for 108 000 CHF. (I'm not vouching for the website...)

I'm getting free Money Magazine

I think they want me (or someone I know) to subscribe to it. I think it started 2 months ago (or so). It looks like it expires at the end of this year. Until then, I’ll enjoy perusing it.

I’ll pass on any interesting tidbits (to me) to all of you through this blog.

How Safe are your Assets?

This is from Money Magazine….

A quick and nice table of which accounts are “safe” or insured and which are not. Includes Bank (FDIC insured), Mutual Fund, Broker (Brokerage) accounts, Life Insurance, Annuities, and Long-term-care policies, and Pensions. Scroll to the very bottom of this Money Article

Investing Ideas - 20 most profitable Tech companies per Fortune

Click here for the Fortune on-line article.

In general, tech companies have very little debt so in economic downturns (such as we are in now), they can “weather the storm” as long as they can manage their expenses.

Disclaimer: as of this post, I don’t directly own or control any of the 20 companies listed.

Manuka Honey being used for wound care

There’s a special type of honey that is used for Medicinal purposes. Here’s a quick link to an article on msnbc. The honey itself can be purchased online or at most health food stores (remember it’s honey, so you can eat it, right?)…

Most sites say that you can use it for almost any kinds of wounds. Just keep in mind that if you have pus (or an abscess) that it needs to be drained first.

SparkPeople.com

My wife found this interesting website that tracks caloric intake (food, liquids, etc.) and expenditure (activity, exercise, etc) and tracks it over time. For the caloric intake, it breaks it down into fat, protein, and carbohydrate grams. It appears to have a large library or database of commonly eaten foods as well. It gives you guidance on your target calorie intake and customizes it to your weight loss goals.

Overall it looks like a free (ad-driven) website that mimics something that Weight Watchers would do (not familiar with their website).

For more information go to SparkPeople.com

Okay. I've waited long enough. Let's get started.

This is the beginning and not sure what will come of this project.

 
It seems like every day or several times each day, I run across interesting information, articles etc. I also have personal ideas (and everyone has these, right?) that I believe others may gain some benefit from. I may be just looking for a place to journal and keep track of all of this information.

 
I hope everyone finds this site appealing (in one way or another), read, search, and enjoy…