Goodyear's reports $75 million profit in 2Q

May Fong wrote:

Great How much of that is from not paying health benefits for the retired workers...??

Ryan wrote:

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$75 million in profit on $5.2 billion in sales isn't exactly robust, Skippy. A 1.4% profit? Whoopdeedoo. That's called barely breaking even. Before you start criticizing maybe you should think about what you're saying.

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May Fong wrote:

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Well how much did they save lately by reducing the benefits....?? Which applies to the profits of this Q.

George N wrote:

With these mostly anti-business posts is it any wonder NE ohio can't attract new business?

Wow wrote:

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I'm not anti-business, but I do expect people (and companies) to keep their promises. Goodyear made a sweet deal with the City of Akron to keep jobs here. I have heard now that Goodyear is starting to lay off Akron workers, in spite of "record profits." I bet we read in the ABJ soon that Goodyear is laying off Akron workers.

Wow wrote:

Good to hear they made record profits - so they shouldn't have to lay off anyone, right? RIGHT? And if they lay off people in Akron, do they forfeit the tax deal the mayor gave them to stay here?

Derby fan wrote:

Hey Goodyear, why aren't you helping out with our Derby Downs??!! They do need a national sponsor. I think you could at least help out!

Thinking out Loud 2 wrote:

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Go back and reread the article....said record sales...not record profits. Meaning they are making less on everything they sell even with cost cutting measures.

Thinking out Loud 2 wrote:

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Go back and reread the article....said record sales...not record profits. Meaning they are making less on everything they sell even with cost cutting measures.

Thinking out Loud 2 wrote:

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Go back and reread the article....said record sales...not record profits. Meaning they are making less on everything they sell even with cost cutting measures.

Wow wrote:

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With $75 million in profits in one quarter (headline) they shouldn't be laying off workers. If they are losing money, then the top executives should take a pay cut AND pass on the bonuses. ABJ March 8, 2008: "The five top-paid Goodyear Tire & Rubber Co. executives were paid a combined $34.1 million to $34.7 million in 2007, depending on two different compensation formulas." Almost $35 million split between FIVE GUYS! There is no way they can justify laying off any Akron workers and not tighten their personal belts. Sorry, that's just wrong.

Thinking out Loud 2 wrote:

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Go back and reread the article....said record sales...not record profits. Meaning they are making less on everything they sell even with cost cutting measures.

Thinking out Loud 2 wrote:

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Guess you don't understand how business's operate. Guess you don't understand that as a publically held company they are responsible to follow SEC laws. Guess you don't understand what it takes to run a company.
Learn a bit about business, the costs involved, and the laws that must be followed and come on back....ok?