Local Business

By cheryl

December 20, 2008 1:49 PM | Link to this

did the drop in stocks stop the “big wigs” from getting a yearly bonus? Don’t you all know that there was no Christmas bonus, for the workers. When will the layoffs start with stocks going down?

By albert

December 24, 2008 10:23 PM | Link to this

we all who work for LI know the ceo and their vp’s will get a good bonuse regardless what the stock market does, its their butter and butter we get crumbs..

By albert

December 24, 2008 10:24 PM | Link to this

we all who work for LI know the ceo and their vp’s will get a good bonuse regardless what the stock market does, its their bread and butter we get crumbs..

By cliff whisenant

December 25, 2008 8:20 PM | Link to this

the big wigs dont need bonuses. the ceo made almost three million in stock sales in sept of this year. thats stock thats is given to him given to him by the company. the top directors are making million this way and will continue to get richer,while the men doing the work continue work lomnger hours to provide for there famalies. they get pay raises and then there ins premiums will increase in turn

By barney

December 26, 2008 3:00 PM | Link to this

type lufk summary in your browser and go to insider transactions and see how much lufkins top managers are making in stock option sales

By diddy

December 26, 2008 3:19 PM | Link to this

large companies think they have to give there top execs stock options to give them a more personal interests in the co that hired them to do a job. that makes no sense to me.the front line workers are expected to do there jobs without any extras,but the top guys need the extra incentives to do theirs. this company puts the sorriest people thay can find as supervisors and facility managers with nothing more than a high school education that treat their workers like animals.the top execs came into a well established business and a number of years ago and have gotten rich off the sweat of comman men in lufkin trying to give their famalies a better life, many of which came from mexico. these hard working men work very hard and are very loyal without stock options or any other extras.doug smith and paul perez and others have gotten rich from a co that was here long before they showed up and was doing well. they think because they oversee a co that makes pumps that pull oil from the ground they dserve millions in extra compensation. thats like trying to sell water to a man dying of thirst. the buildings and machines owned by the co are not lufkin ind. its the men occupying these buildings and running these machines are what make lufkin ind what it is .the employees of lufkin ind are lufkin ind and they should get to sahre the wealth

By elvis

December 26, 2008 3:35 PM | Link to this

i say give stock options to lufkin ind employees as performance incentives . longevity incentives . attendance incentives, safety awards. give them what their worth. shame on top managers for their greed an gluttony.

By P***

December 29, 2008 9:14 AM | Link to this

outgoing space for buddy. yearning to get more from your side :)

By Ken

January 12, 2009 1:45 AM | Link to this

Okay I really don’t believe that you grown men are on here complaining about someone that went to college and got a degree makes mor money than me ,has more benifits than me Wa Wa wa !!! I am so disgruntled at the choices I have made in life and now I have to live with them. I am barely providing for my family get a better job. They are gonna start laying off go to school. They are getting stock options change careers. I hate to be the first one to tell you the days of the manufacturing society is love thus you can look at Angelina college and see there continuing education department is growing. So this is telling you that in the technological society you must contine to learn improve adapt if you don’t you will get left behind. Sorry not trying to be brutal that the buisness get with it or you will get left behind or least have the dignity to instill in your kids that they must be adaptable.

By somebody

January 12, 2009 6:29 AM | Link to this

to ken, the chair your sitting in, the house you livein ,the car you drive, the appliances you use to make your lfe easier were all most likely built or assembled by non-degreed people.you make it sound like people that dont have dgrees are somehow worth less. not everyone can sit behind a desk. not every person is created equal or have the same opportunities that you so arrogantly take for granted.you dont think that independant mechanic that tunes your car or changes your oil, because your too lazy to do it , has any less dignity than you do or tries to instill integrity in there children. you use him because you trust his word and he’s proven himself to you. ken do you really think that because a person is college educated that their somehow more adaptable than someone without one and have more dignity. your statement was poorly worded and almost unintelligable.do you really think that any one person is so much more important in any corporate setting is worth millions of dollars in extra compensation. look whats happening on wall street with the financial firms, all of which are ran by so called educated peopleand being paid huge amounts of money, are we all better off for their infinite wisdom, are you. america is a melting pot and not every person is meant to have a degree, but there is a place for everyone in our society.i agree that everyone is responsible for their own success,but everyone has an inherent sense of whats right and wrong and whats fair or unfair .so, when i get a 11% pay raise and my insurance premiums go up 15% and i hear that my co. top execs are getting millions in extra pay that inherent sense of whats fair and just and reasonable kicks in. i dont have to have a college degree to see whats at work here. i choose to live in lufkin because i grew up here. my family is here and i feel this is where i belong. i dont think its too much for me to point out the obvious unfairness in our world. i think i have adapted well in this society of unfairness and i certainly have the dignity to stand up speak .

By somebody

January 12, 2009 8:41 AM | Link to this

one last thing ken, how do you know that some of these blogs havent come from advanced educated insiders. shame on you for being so coarse ,unfeeling and presumptive. and how do we know your not a 40 year old high school drop out still living with his parents,playing video games all day, that still wont put out the trash!!! shame on you kenny:)

By nobody

January 13, 2009 6:31 PM | Link to this

ken, your comment about this being a post manufacturing society. just why do you think that is, i’ll tell you why.because these same company heads that continue to out source our jobs to third world countries to fatten up a bottom line so that they can justify those big salaries and those stock option give aways. they do this to avoid human, health and environmental regulatory commissions, they do this to avoid the i.r.s. ,retirement benefits and paying a living wage. when paul perez and doug smith joined lufkin in the early nineties it was to bleed the co of every thing it was worth . soon after they came in lufkin ind was placed up for trade on nasdaq. this was done with future stock option give aways in mind. i know this is done in the corporate world , but is it right to keep taking and not giving something back to employees that really produce your bottom line. the top execs dont produce anything marketable just in the right place at the right time. no doubt in my mind this company would outsource if feaseable. if they were producing anything other than pumping units they would.the u.s. has the largest consuming economy in the world and when our market fails all other economies fail. u.s companies continue to outsource and eroding the very economy that they themselves depend on. greed and lack of common sense will bring this country to its knees someday and i think we’re seeing the beginnings of that now in our present economic situation. the gap between the rich and poor will continue to widen and even retirement benefits will be lost and we’ll be at the mercy of these people until we die with no chance of retirement and a quality of life on parr with third world countries.

By tadd price

January 15, 2009 9:05 AM | Link to this

I believe anybody who wants to better themselves and get an education should, especially if they want more pay and benefits, but the real problem is Lufkin and the surrounding area has very very few job options. It doesn’t cost a lot less to live in Lufkin but the pay scale is much lower than a larger area. I feel for anyone trying to raise a family there. Before anyone starts cussing me about how bad the cities are and how great Lufkin is, let me say I miss my hometown. I just cant afford to live there.

By jill

January 27, 2009 4:14 PM | Link to this

I understand Tadd. I was raised in lufkin but could not make it on their pay scale unless i went husband shopping. so i moved to houston for 10 years and immediately made office manager and then i got a career with the state. since i am getting close to retirement i have transferred to an adjoining county. some of the women that i grew up with try to make trouble for me since i am in the public view so i am unable to live in angelina county. but i had to go off to make a living since the cost of living in lufkin is not any cheaper than the cities.

By RaiulBaztepo

March 29, 2009 4:06 AM | Link to this

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