Coca-Cola Bottling Co. Suspends 401(k) Match

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Why do we care? This was a business decision of Coca-Cola. So what if it IS greed that fueled it? It was their right to make the decision; hell, it's their right to fire everyone and close the company if they wish.

Capitalist Cory of TX 10:17AM March 06, 2009

Al's comment about cutting CEO pay is reminiscent of the Bolshevik revolution.
Many CEOs ARE taking paycuts, seeing their stock options positioned underwater and bonuses evaporating. Taking the match out of the 401(k) plan is not one of the first things that companies do, but most would rather temporarily suspend the match than lay off well-trained, seasoned employees.
Al, if you haven't noticed, the stock market, the financial markets, the global economy are all headed south. "Hope" and "Change" aren't exactly working out like you thoght they would, are they?

Marty Brown of CA 4:55PM March 03, 2009

FedEx also suspended matching contributions to its 401(k), but only after utilizing pay cuts of all salaried employees (managers). In doing so, FedEx has limited itself from having to layoff employees. That is just another reason why FedEx remains one of the top companies to work for.

Joe P of TX 9:47AM March 02, 2009

Whey is it that this is first thing companies do? In many cases this is the only pension plan for workers. Why don't they try cutting the CEO's pay and the top executives first! Fat chance...there is too much GREED in America, that is the why we are in this mess. Everyone has to get back to basics of saving instead of spending themselves into oblivion....

Al Horila of CT 12:42PM March 01, 2009