-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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As reported, I like Basecamp’s reasoning for their actions. I hope the company can, as needed, hire people who realize what the work entails and what it means to stick to it.
The company is also portrayed as being operationally financially independent of all except their customers.
I am with you, Big Bend. Society has become divisive enough without bring it into the workplace. I don’t understand why so many big companies are taking controversial positions one way or another. If I were a CEO, I’d tell employees that all viewpoints are welcome and you can do what you want on your own time but, please, keep the discussions out of the office.
That’s a good policy, people who spout political crap at work are boorish, I usually mention the phrase “HR department call” and it shuts them up fast. Work should be about work, do it on your lunch break.
Can’t agree more. Avoiding political talk is a hallmark of professionalism. Shows discipline, too.