Posted On: September 25, 2008, 8:36 pm CDT

Posted By: Pud

All of the companies you mentioned appear to have invested in Lehman Bros.I haven't followed the story but have heard bits and pieces.I am extremely ticked off that the National Realtors Association and the bank appraisers seems to be getting out of any trouble for the default of many of these companies!
If that is the case the bullish market has reared it's ugly head.Should we feel bad? Not really. Being in business and making bad business decisions is the liability of the management.(Poor)
There are many companies poised to buyout these companies if they choose to. We cannot forget re-insurance unless you have covered that portion.
The P&C part of it just has no excuse! If they are not making a profit they are not utilizing experienced employees that utilize each states laws to the fullest extent or they just have prro management that isn;t concentrating in the right areas to improve bottom line!
I am really getting to the point where I don;t care! I've been saying for months if not years that the way compensation is equated to CEO/CFO/COO and every other acronym you'd like to put on the people in upper management and live in the glass houses should be revamped.Martha I commend you if you turn a profit and reward your employess for their hard work and dedication.Most companies on the level that we are speaking have matrixes for mid-term and yearly reviews that make it close to if not impossible to reach anything more than a 4% pay increase to the floor workers.If you are an over achiever you normally are well compensated ONLY if you prepare a resume' of sort's to review with your mentor/manager so that they can add your (quote) additional duties above and beyond your job description to your yearly review!
Most of the time the reviews are revamped if management finds they have a excellent crew working under/for them so that your goals are so urealistic you would have to be a magicican to accomplish them.
I am well compensated because I am one over those over achievers and the largest pay increase I have ever seen was a bit more than double that.There are people coming in the door being paid more than I make and I am training them for a management position so if you are the way you say you are I give you a huge Congratualtions!
I've said it before 1/4 of the top performers will get 10% or better pay increae.1/4 will get 4% 1/4 will get 2% and 1/4 will see nothing for pay increase.