Coca-Cola Bottling Co. Suspends 401(k) Match

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And what business is it of ours?

Why do we care? This was a business decision of Coca-Cola. So what if it IS greed that fueled it? It was their right to make the decision; hell, it's their right to fire everyone and close the company if they wish.

Capitalist Cory of TX @ Mar 06, 2009 10:17:58 AM

Eat the rich?

Al's comment about cutting CEO pay is reminiscent of the Bolshevik revolution.
Many CEOs ARE taking paycuts, seeing their stock options positioned underwater and bonuses evaporating. Taking the match out of the 401(k) plan is not one of the first things that companies do, but most would rather temporarily suspend the match than lay off well-trained, seasoned employees.
Al, if you haven't noticed, the stock market, the financial markets, the global economy are all headed south. "Hope" and "Change" aren't exactly working out like you thoght they would, are they?

Marty Brown of CA @ Mar 03, 2009 16:55:56 PM

401k cuts

FedEx also suspended matching contributions to its 401(k), but only after utilizing pay cuts of all salaried employees (managers). In doing so, FedEx has limited itself from having to layoff employees. That is just another reason why FedEx remains one of the top companies to work for.

Joe P of TX @ Mar 02, 2009 09:47:29 AM

401k cuts

Whey is it that this is first thing companies do? In many cases this is the only pension plan for workers. Why don't they try cutting the CEO's pay and the top executives first! Fat chance...there is too much GREED in America, that is the why we are in this mess. Everyone has to get back to basics of saving instead of spending themselves into oblivion....

Al Horila of CT @ Mar 01, 2009 12:42:46 PM

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Coca-Cola Bottling Co. Suspends 401(k) Match

And what business is it of ours?

Eat the rich?

401k cuts

401k cuts

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Coca-Cola Bottling Co. Suspends 401(k) Match

And what business is it of ours?

Eat the rich?

401k cuts

401k cuts

Planning to Retire

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