YIPPEE!!! – 650 STORES TO CLOSE & 17,000 PEOPLE TO LOSE THEIR JOBS
19th February 2013
This is a story that just warms your heart. It’s a win, win, win. The executives and stockholders of Office Depot, Office Max and Staples are all thrilled with the merger announced yesterday. Bonuses for everybody!!!! Wall Street is ecstatic. No one seems to be mentioning that it was this very same management that ran their companies into the ground by over expanding and wasting billions of dollars over the last ten years. That’s water under the bridge.
This is a perfect story to capture much of what is wrong with this goddamn country. All that matters is stock prices, the wealth of corporate executives, and short run profits.
The reality is that the only way this merger works is if the combined company closes at least 650 stores and fires at least 17,000 middle class Americans. This will be another step on the road to Ghost Mall USA. Have you noticed any Office Max’ or Office Depots in your local strip malls? More developers with vacant rat infested hovels for rent. Who will replace them? No one. We’ll have 17,000 more low skilled workers on food stamps and unemployment.This should do wonders for the blossoming economic recovery.
But how about that pop in their stock prices!!!!
It’s all worthwhile in this warped American dream we are living.