Dear members, sorry if I haven't been much present for the past two weeks, we're hard at work on our Q2 results and I'm harassing all my VPs to find dimes and quarters in our worksheets. Let's open our mailbox to see if we can find a great idea to improve earnings.
Dear FakeMike, someone asked the question during one annual tour 2-3 years ago if CGI had any plan to setup a retirement plan for its employees. You or Serge said that it was one possible option but at the time senior management did not consider this option. Has there been any progress regarding this? It would be nice working for CGI knowing the company will take care of us on the long term.
Dear Nat, do I look like fucking Santa Claus to you? Do I? Let me describe you the stark reality on which today's profitable companies are built on: when we no longer employ you, you also disappear from our spreadsheets. Meaning, you no longer exist from our financial perspective. We certainly won't carry you into your old age, paying for your expensive medication and your Depends purchases. Why should we? The day you become no longer billable, you're off the grid pal. I'm not your caretaker, if you want to retire someday you'd better each peanut butter sandwiches, put money in RRSP and pray that the greedy Canadian government won't collect 90% of your assets in taxes by 2060.
This is where 20th century flawed perspective gets into the way, employees read about corporate history and picture themselves at General Motors in the heydays. The company was taking care of its employees like an obsessive high-consumption mother would do. Upscale retirement package, unlimited health benefits for you and your family, for God sake the company was even paying for the education of employees’ children! Of course this devious behavior was pushed by the UAW, another bunch of people for which infinity is the basis for sound accounting. This attitude drove General Motors to the abyss, where it met the U.S. government (another long-time abyss resident) and those two became best buddies. This is total failure, don't you see?
So even though we're sitting on a big stash of cash, don't think for a second that we're going to dilapidate our hard-won earnings by giving dividends to shareholders or (gasp) give our members some kind of retirement benefits. Unless you can prove me that you'll be working for us in the afterlife, but my CFO tells me otherwise. This money belongs to the company, period.
Membership has very little privileges.
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