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Wasted money, public and private

post #1 of 15
Thread Starter 
This may be a venting thread and nothing more. I doubt there will be much debate.

It seems like everywhere you look there are things being done that cost money. Stupid things that could and should be eliminated because it would decrease the amount of doing business, and because those costs are always passed on to us. It may be tax dollars or our consumer dollars, but the little guys always pay for it eventually.

Some examples:

The amount of money that is wasted with the census is unbelievable, especially this time around. A Super Bowl ad that didn't tell anyone the importance of the Census. Running a bajillion of those ads with big name celebs that didn't tell anyone the importance of the Census. The ads they are showing NOW tell you why it's important. Why didn't they show those earlier? Because Ed Beagley is a big supporter of Obama's? Just a thought... The ridiculous mailing to everyone in the country that they are going to get a census form. The printing costs alone for that is too hard to comprehend!

The insurance company that my company uses - large, nationwide company! - sends out new packages to every company that subscribes to their services at the end of December. They know that every darn one of their contracts can be renegotiated on January 1st! This is generally the only time that employees or employers look at the plans available and decide if they want to continue with the same plan or choose a different plan with a different premium. January 31st is the deadline and then they have to send a whole new package for each individual who is enrolled in their plans. In our case, it was for less than 20 individuals. Well over 1000 pages of printed materials wasted, the time for whoever put them together only to redo them, and then the postage for sending every BOX of materials twice.

I just wish every entity, government or private, would address ways that they can cut back on waste that is passed on to the
consumer. We are trying to do all we can in out little company - do you really need a print out of every revision? Recycling everything we can. Finding ways to make things more efficient overall. Part of it is necessary. We have to make our part as profitable as possible to stay in business with less work and lower fees available all around. But just because the economy turns around eventually, the end client is still going to want the lower costs that are being paid now until there is a viable reason to raise them.
post #2 of 15
I've got another for you. Big article in today's local paper about out-of-town attorneys suing local business for violations of American's with Disabilities Act (ADA). One instance the sign on the bathroom door was too high! So if you are in a wheelchair and approaching the bathroom door can you not see the entire door from top to bottom without even moving your head up or down? Another suit from same attorney, this time representing a blind women was complaining the bathroom mirror was too high. Each violation costs $4,000 or more to pay the plaintiff and the attorney, and then they have to pay their own attorney and court costs. This attorney has filed 35 separate suits with 40 separate violations to one business. Local small businesses are being forced out of business. These suits are not about protecting people with disabilities. They are all about making money for the attorney and his clients.

Why must a business provide Braille instructions on the driver's side of a drive up window?
post #3 of 15
I have 2 big spending gripes. The first are for the drug companies that put out TV ads for their products, even though we, as consumers, can only get them thru prescriptions. I read somewhere that drug companies spend over 50% of their money on advertising, and we all wonder why medications cost so much. The worst are all the male enhancing commercials. And we pay for these ads through the drug prescription plans that we buy with health insurance. I had to pay $2500 a year for my drug plan, and when I tried to decline it (I rarely use prescription drugs), they told me it was mandatory if I wanted the $12,000 health insurance policy. In 5 years, I had exactly 3 prescriptions that cost me $12,500.

The second are the bonuses paid to the executives of large corporations, and mostly in particular those given to the ones that did a lousy job with their company and are bribed with a bonus to leave the company. Did you know that one of the former Sprint CEO's got $50,000,000 (yes, that's million) when they booted him out the door? Then they laid off about 7,500 people because they couldn't afford to pay them. You know how many people's jobs could have been saved had they just fired him for incompetence? Nope - the system doesn't work that way. Everyone in the lower ranks scrimps and saves everything they can, and the execs go smiling to the bank.

OK, done griping.
post #4 of 15
I'm right there with you MOM!

And yes, I think there needs to be some rules on publicly traded corporations and compensation.
post #5 of 15
Waste and useless spending is, just like everything else in politics...subjective. Many people think the money spent to fight a war in Iraq is wasted, just as many think it's money well spent. Districts that are trying to increase their political relevance through population growth probably think that census advertising is worth the money. Corporations may think that the risk of getting booted out on the hiney may keep actually good CEO's from even wanting to risk taking the job.

It's all a "point of view" thing.
post #6 of 15
Regarding the ADA lawsuits in California. I'm confused by the fact that out-of-town attorney's are filing. In Nevada commercial buildings are inspected by county inspectors, if they are not in compliance they are issued a "Notice of Violation" and they have a specified time limit to comply. Now, I'm not sure how it works with ADA compliance but I would think that a warning would be issued first before lawsuits could be filed.

Signs must be at a specified height, not only for wheel chair bound people but also for wheel chair bound blind people. They have to be able to read the braille on the sign. Whoever installed the signs should have known what height to install them, it is easy to find that information online.

As far as prescriptions & health insurance, that is not going to change because I haven't seen a lot of health care reform when it comes to cost.
post #7 of 15
Prospectuses. The biggest waste of money I've ever seen. Ask 99.9% of the people if they read them. Sure, some people sign up for electronic delivery and delete them there, along with all those voter proxies. If you have to, send a postcard that says where to access the information electronically each time it's updated and here's a phone number to call if you want one mailed. Save a tree....save a forest, save a bazillion dollars in postage which you can pass along in the form of lower administrative fees.

I have issues with professional sports salaries as well as those of CEOs.
post #8 of 15
Quote:
Originally Posted by Cinder View Post
Prospectuses. The biggest waste of money I've ever seen. Ask 99.9% of the people if they read them. Sure, some people sign up for electronic delivery and delete them there, along with all those voter proxies. If you have to, send a postcard that says where to access the information electronically each time it's updated and here's a phone number to call if you want one mailed. Save a tree....save a forest, save a bazillion dollars in postage which you can pass along in the form of lower administrative fees.

I have issues with professional sports salaries as well as those of CEOs.
I so agree I closed out Moms accounts 2 yrs ago and still get them regularly...
post #9 of 15
On a bright note, some are trying. My dental insurance company no longer sends me an EOB, if my dental visit was paid in full to the dentist. Only if there is going to be a charge to me, co pay, or deductible, do I get an EOB.

On the other hand my health insurance not only sends me an EOB, they send a cover letter with it, telling me "this is not a bill". It makes no sense to me.

I've gone paperless with my credit card statements.

My car payment system is ridiculous. They send me a statement every month. Why they didn't do a payment book is beyond me. Or even better, why they won't let me pay electronically, without charging me a fee, is beyond me. Wasteful wasteful.
post #10 of 15
Or the latest one here: a 2-year pay freeze for all public sector workers, announced just after some of us got our annual raises, BUT although there are no pay raises, employees are still eligible for performance related bonuses and the 108 page document also includes hidden exclusions stating that employees can receive pay increases based on
Quote:
1. His or her length of time in employment or in office. 2. An assessment of performance. 3. His or her successful completion of a program or course of professional or technical education.
Umm that is the only time they give raises anyway!
post #11 of 15
Speaking of wasted money- Paul Voelker believes, in his lack of infinite wisdom, that the United States may need to go to a value added tax on top of the income tax much like the EU countries have to bring down the national debt. Some of those taxes are well over 20%. Last time I checked I'm not the one that has been spending the country into oblivion for the last 9+ years.

Here's a novel concept? Spend less!!

Common sense and government= oxymorons.
post #12 of 15
Thread Starter 
Quote:
Originally Posted by Momofmany View Post
I have 2 big spending gripes. The first are for the drug companies that put out TV ads for their products, even though we, as consumers, can only get them thru prescriptions. I read somewhere that drug companies spend over 50% of their money on advertising, and we all wonder why medications cost so much. The worst are all the male enhancing commercials.
Oh don't get me started on those commercials! And you're so right - we do pay for those with our premiums and the cost that our insurance companies pay for all of those brand-name drugs that they hawk on TV for diseases that we didn't even know we had until they told us. My gosh - what did we do before they lifted the ban on advertising prescription drug commercials??? Oh, right...we trusted our DOCTORS to tell us which drugs were right for us; we didn't act like our own prescribing physicians because we saw some stupid commercial.

Funny story about those commercials, though. A friend of mine is a single mom and can get a little intense sometimes. When her daughter was around 7 years old and she was in one of her intense/bad moods, her little one looked at her completely serious and said, "Mommy, you need some Viagra!" All she had seen were these people walking around really happy on the commercials!

Quote:
Originally Posted by Dusty's Mom View Post
And yes, I think there needs to be some rules on publicly traded corporations and compensation.
I'm sure it's just because of my conservative leaning, but I am really wary of the government getting involved in making any rules for a public company of any size. If the shareholders of a publicly traded corporation are unhappy with the way the company does business, including the salaries and bonuses
given to executives, then the shareholders need to speak up and change it. If the big wigs in the corp. won't change it, then the shareholders pull their financial backing. As the saying goes, money talks and BS walks.

While I wasn't too upset by the government getting in a tizzy about the salaries and bonuses paid to companies that had been given or loaned taxpayer dollars because they were "too big to fail" or whatever catchphrase it was that week , it really was their own damn fault! They were so quick to pass the bailout and stimulus bills that NO ONE bothered to read it, until they got upset about something else. The exclusion for all of those bonuses was pretty well explicitly written into the bills that granted them the Federal dollars. Granted, the contracts were written so that an idiot would still get rich once he landed the job with guaranteed bonuses regardless of job or department or company performance, but Congress passed the law completely excluding any contracts written prior to (date signed into law). Tells us all how much the politicians really know about how big business works, doesn't it? I sure don't want those guys dictating how those same businesses are allowed to do business or compensate their employees, executive or not.

Quote:
Originally Posted by Skippymjp View Post
Waste and useless spending is, just like everything else in politics...subjective. Many people think the money spent to fight a war in Iraq is wasted, just as many think it's money well spent. Districts that are trying to increase their political relevance through population growth probably think that census advertising is worth the money. Corporations may think that the risk of getting booted out on the hiney may keep actually good CEO's from even wanting to risk taking the job.

It's all a "point of view" thing.
Mike, there's the point of view waste, and there's just flat out stupidity and bad business waste. I can't see any justification for sending out thousands of packages when you know that most of those packages will need to be redone and resent in a matter of weeks. The only justification I can think of is that the people just don't have enough work to do during December, so they keep them on busywork? That still isn't good business.

Quote:
Originally Posted by ckblv View Post
Regarding the ADA lawsuits in California. I'm confused by the fact that out-of-town attorney's are filing. In Nevada commercial buildings are inspected by county inspectors, if they are not in compliance they are issued a "Notice of Violation" and they have a specified time limit to comply. Now, I'm not sure how it works with ADA compliance but I would think that a warning would be issued first before lawsuits could be filed.
Maybe it's some California clause? I don't know how you could file a lawsuit against a company without first filing multiple complaints with the city/governing body first. I'm not doubting that it's happening, I just don't understand how?

Quote:
Originally Posted by sharky View Post
I so agree I closed out Moms accounts 2 yrs ago and still get them regularly...
No kidding! Why is it so darn difficult to get some companies/organizations to STOP sending things to dead people?????? Talk about waste!

Quote:
Originally Posted by otto View Post
On the other hand my health insurance not only sends me an EOB, they send a cover letter with it, telling me "this is not a bill". It makes no sense to me.
Yeah, I always get a cover sheet saying, in English, that if I have trouble understanding the statement that I can call this number for assistance in Spanish. It's not even an easy sentence that someone who speaks only Spanish, or very limited English, could easily understand!
post #13 of 15
My biggest irritation are Vice Presidents who come in and dictate a software vendor to IT to replace a core functionality without any input from IT or the people who are going to be using it. Then they find out that to replace the one piece they hate is going to be 10000 man hours at expensive contractor rates and the contractor isn't sure it can provide enough people with expertise. So IT hobbles together a solution. The VP immediately moves on to "better opportunities" and 5 years later, everything that was newly implemented is shut down and the piece the VP was gunning for still chugs along. That was several $billions totally wasted. No productivity was improved; it was just another thing the users had to work around until it died.
post #14 of 15
The USPS wastes a lot of money (and paper) sending out notices and letters to employees about things such the sexual harassment policy when we get the same talks at work a couple of times a year.
post #15 of 15
Quote:
Originally Posted by katachtig View Post
My biggest irritation are Vice Presidents who come in and dictate a software vendor to IT to replace a core functionality without any input from IT or the people who are going to be using it. Then they find out that to replace the one piece they hate is going to be 10000 man hours at expensive contractor rates and the contractor isn't sure it can provide enough people with expertise. So IT hobbles together a solution. The VP immediately moves on to "better opportunities" and 5 years later, everything that was newly implemented is shut down and the piece the VP was gunning for still chugs along. That was several $billions totally wasted. No productivity was improved; it was just another thing the users had to work around until it died.
Having been one that had to submit IT software proposals to the VP's (and presidents and CEO's) you talk about, all I can say is that someday I should right a novel about it. It's far more bizarre than you'd even dream about.

10K man hours is nothing. I had to program manage an IT project worth $300M and roughly 750K contractor hours. And it was scrapped for all the reasons you stated.
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