Comments on: Xmas Party at Freddie Mac http://www.1stMillionAt33.com/2007/12/xmas-party-at-freddie-mac/ A site to share my tips, tools, and humble thoughts on the journey to wealth Tue, 27 Jul 2010 22:24:37 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: razmaspaz http://www.1stMillionAt33.com/2007/12/xmas-party-at-freddie-mac/comment-page-1/#comment-3668 razmaspaz Tue, 18 Dec 2007 22:22:23 +0000 http://www.1stMillionAt33.com/2007/12/xmas-party-at-freddie-mac/#comment-3668 Would you want to work at Freddie Mac? I sure wouldn't. If you are losing $2B a quarter, you need to do something to attract top talent. Top talent doesn't want to work at a place that loses $2B, and has a crappy Christmas party. Seriously, I respect your opinions on a lot of things, but bashing them for throwing a party? Like Dong says, morale is important. Honestly as an investor I appreciate the fact that my money is going to places that might actually bring a talented employee to Freddie Mac. Would you want to work at Freddie Mac? I sure wouldn’t. If you are losing $2B a quarter, you need to do something to attract top talent. Top talent doesn’t want to work at a place that loses $2B, and has a crappy Christmas party.

Seriously, I respect your opinions on a lot of things, but bashing them for throwing a party? Like Dong says, morale is important. Honestly as an investor I appreciate the fact that my money is going to places that might actually bring a talented employee to Freddie Mac.

]]> By: dong http://www.1stMillionAt33.com/2007/12/xmas-party-at-freddie-mac/comment-page-1/#comment-3666 dong Tue, 18 Dec 2007 17:21:45 +0000 http://www.1stMillionAt33.com/2007/12/xmas-party-at-freddie-mac/#comment-3666 While Freddiemac may be GSE, they are still private corporation. If the government were bailing them out then taxholders should be mad (that has yet come to pass), but Shareholder might want to be mad. Still I think we can cut them a little slack. Often time Xmas party costs are committed months or years in advance. That other than as gesture, the cost associated even with a nice xmas party at the ritz are really trivial compared to the losses incurred by bad business decisions. Morale is still important. While Freddiemac may be GSE, they are still private corporation. If the government were bailing them out then taxholders should be mad (that has yet come to pass), but Shareholder might want to be mad. Still I think we can cut them a little slack. Often time Xmas party costs are committed months or years in advance. That other than as gesture, the cost associated even with a nice xmas party at the ritz are really trivial compared to the losses incurred by bad business decisions. Morale is still important.

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