Monday, August 30, 2004

death to corporate america!!!

Got a letter at work today regarding a new policy for vendors to Caterpillar and here is basically what it said.

Dear everyone who pays us money for things we buy from you,

We will now be screwing you in a new and exciting way. We will now delay our payments to you for an additional 30 days - on top of the 45-60 days that we already delay our payments. For many of you, especially those of you where we are your biggest customer, you will be screwed. You will have virtually no revenue for an entire month.

There is an upside to this new policy. If you choose our new and exciting EFT option we will pay within 10-15 days after receiving your invoice. This will be really nice for a lot of you because you will get your money quicker. Though you can only get paid within this 15 day period if you agree to discount our bill by 1.25%. Remember - If your profit margins are already low, they will be even lower.

So basically you have 2 options:
1 - Lose your revenue for an entire month.
2-Drop your profits by 1.25%

This is how it is going to be from now on. We can do this because we are a huge giant company, we don't care about the people we do business with, and everyone else is doing it so we figured we should jump on board.

For those of you that only have small contracts with us, this will probably be of benefit to you. However, those of you that do a large percentage of your business with Caterpillar, you will be screwed.

-The fucks at Caterpillar


Yet another reason to hate corporate scumbags like these guys.

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