On Mon, Jan 07, 2008 at 02:17:39PM -0800, John Oliver wrote:

Right.  But it isn't "free"... there's a cost associated with running a
cafeteria.  The amount paid for the food almost certainly does not equal
that figure.  The remainder is paid by the company.  Perhaps an argument
could be made that the amount of that subsidy would be paid to employees
in their checks if there was no cafeteria.  Or we could say that the
company is providing that amount out of profits,a nd the shareholders
are willing to see a slightly lower return in order to provide that
benefit.  Either way, the cost *is* being paid.

I think they're at the point in their corporation where cafeteria benefits
are just a tiny amount of noise.  The have a lot of other "benefits".  They
have shuttles to take people to and from work, provide oil changes,
haircuts, massage, dry-cleaning, etc.  The shareholders are far from
complaining about anything, especially at $648 a share!

Dave


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