Godlike Productions - Conspiracy Forum
Users Online Now: 1,132 (Who's On?)Visitors Today: 438,675
Pageviews Today: 556,533Threads Today: 136Posts Today: 2,190
04:58 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Something Huge is Coming Soon– American Express is Battening Down the Hatches!!

 
Anonymous Coward
User ID: 668296
United States
08/21/2011 07:26 PM
Report Abusive Post
Report Copyright Violation
Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
***PLZ PIN***

I am in AMEX MGMT - on the front lines. We have halted all hiring, and have gone to absolute survival mode just within the last two weeks!

We went in survival mode back in fall of 2008 where we laid off 10k people, but that was after the financial storm had already hit and we were caught off guard. It is different this time. The "powers that be" with AMEX expect a huge turn of events with regards to the economy - A huge depression to be exact.

Warrent Buffet owns 12% of AMEX stock. I think he sees what is going to happen in the next month or so with the global markets and is advising Ken Chenault to batten down the hatches and keep as much cash on hand as possible. I believe they think it will start with the banks collapsing in europe, which in turn will collapse ours.

Just saying, in all the years I have been with AMEX, I have never experienced such tight measures being put in placed. We are asking our employees to work even harder and with less "down time" to make up for the lack of new hires.

***The employees here feel it - just ask one!***


Back in 2008 our stock had dropped down to about $13 or $14 a share. We went from making $900 million profit per quarter down to between $100-$200 million per quarter. They do not want this to happen again! We have fully recovered since then.


What say you?
cRoSS FiRe

User ID: 1237458
United States
08/21/2011 07:29 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
***PLZ PIN***

I am in AMEX MGMT - on the front lines. We have halted all hiring, and have gone to absolute survival mode just within the last two weeks!

We went in survival mode back in fall of 2008 where we laid off 10k people, but that was after the financial storm had already hit and we were caught off guard. It is different this time. The "powers that be" with AMEX expect a huge turn of events with regards to the economy - A huge depression to be exact.

Warrent Buffet owns 12% of AMEX stock. I think he sees what is going to happen in the next month or so with the global markets and is advising Ken Chenault to batten down the hatches and keep as much cash on hand as possible. I believe they think it will start with the banks collapsing in europe, which in turn will collapse ours.

Just saying, in all the years I have been with AMEX, I have never experienced such tight measures being put in placed. We are asking our employees to work even harder and with less "down time" to make up for the lack of new hires.

***The employees here feel it - just ask one!***


Back in 2008 our stock had dropped down to about $13 or $14 a share. We went from making $900 million profit per quarter down to between $100-$200 million per quarter. They do not want this to happen again! We have fully recovered since then.


What say you?
 Quoting: AngryBaby


Me say not surprised... at all.
"Nothing is as far away as one minute ago." --Jim Bishop

:gameizovar:

It's DO:OM o'clock. WAKE UP!
Anonymous Coward
User ID: 1514247
United States
08/21/2011 07:30 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
Ammunition sales are plummeting and we've had a spending and hiring freeze for the past two months, with layoffs looming if something doesn't turn around.
Anonymous Coward
User ID: 1088759
United States
08/21/2011 07:34 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
dancedancedancedancedancedancedanceohyeahohyeahohyeahohyeahohyeahohyeahohyeahdancedancedancedancedancedancedance
VRWil
User ID: 1512994
United States
08/21/2011 07:37 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
***PLZ PIN***

I am in AMEX MGMT - on the front lines. We have halted all hiring, and have gone to absolute survival mode just within the last two weeks!

We went in survival mode back in fall of 2008 where we laid off 10k people, but that was after the financial storm had already hit and we were caught off guard. It is different this time. The "powers that be" with AMEX expect a huge turn of events with regards to the economy - A huge depression to be exact.

Warrent Buffet owns 12% of AMEX stock. I think he sees what is going to happen in the next month or so with the global markets and is advising Ken Chenault to batten down the hatches and keep as much cash on hand as possible. I believe they think it will start with the banks collapsing in europe, which in turn will collapse ours.

Just saying, in all the years I have been with AMEX, I have never experienced such tight measures being put in placed. We are asking our employees to work even harder and with less "down time" to make up for the lack of new hires.

***The employees here feel it - just ask one!***


Back in 2008 our stock had dropped down to about $13 or $14 a share. We went from making $900 million profit per quarter down to between $100-$200 million per quarter. They do not want this to happen again! We have fully recovered since then.


What say you?
 Quoting: AngryBaby


You are watching the fall of a republic....
Anonymous Coward
User ID: 1313288
United States
08/21/2011 07:37 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
halted all hiring...that'some funny shit! so what...so has every other Company..damn dude over 14 million people unemployed
Anonymous Coward
User ID: 1493713
United States
08/21/2011 07:38 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
Any more insight?

Being in the mix, you must have some more clues you can pass along OP.
Anonymous Coward
User ID: 1184401
United States
08/21/2011 07:40 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
AmEx financial books have been cooked for a long time.
they haven't made money in a decade.
once the news hits, say goodbye to your job
Anonymous Coward
User ID: 1418913
Australia
08/21/2011 07:41 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
rothschild stooge
Anonymous Coward (OP)
User ID: 668296
United States
08/21/2011 07:47 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
Yes, you are correct - Most companies have stopped hiring. We however were smack in the middle of interviewing and hiring another 200 customer reps and out of the blue it was suddenly halted. Our particular department has been growing immensely and still need these additional 200 employees to handle the growth.

We are now pushing the limits our reps to make up for the 200 employees we will not be hiring. This happened literally overnight. I have been here 12 years and never experienced such a dramatic move. This move was made across all of our centers across the U.S. The 200 were just for my center. I am telling you, AMEX is scared of what is about to happen. They know.
Anonymous Coward
User ID: 1289696
United States
08/21/2011 07:48 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
Oh the first good "bad" news I've heard.

I'm all charged up on Amex and if they fold well, wonder just how much the new owners will settle for.

Doesn't it work like that?
LOST_ONE

User ID: 1463993
Canada
08/21/2011 07:49 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
***PLZ PIN***

I am in AMEX MGMT - on the front lines. We have halted all hiring, and have gone to absolute survival mode just within the last two weeks!

We went in survival mode back in fall of 2008 where we laid off 10k people, but that was after the financial storm had already hit and we were caught off guard. It is different this time. The "powers that be" with AMEX expect a huge turn of events with regards to the economy - A huge depression to be exact.

Warrent Buffet owns 12% of AMEX stock. I think he sees what is going to happen in the next month or so with the global markets and is advising Ken Chenault to batten down the hatches and keep as much cash on hand as possible. I believe they think it will start with the banks collapsing in europe, which in turn will collapse ours.

Just saying, in all the years I have been with AMEX, I have never experienced such tight measures being put in placed. We are asking our employees to work even harder and with less "down time" to make up for the lack of new hires.

***The employees here feel it - just ask one!***


Back in 2008 our stock had dropped down to about $13 or $14 a share. We went from making $900 million profit per quarter down to between $100-$200 million per quarter. They do not want this to happen again! We have fully recovered since then.


What say you?
 Quoting: AngryBaby



good post OP...i feel it coming as well...everybody needs to be preparedjust in case..warning signs and red flags everywhere
just don't give a ......
Anonymous Coward
User ID: 1460682
United States
08/21/2011 07:49 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
Brace for impact!
crisco
CrazyJarhead

User ID: 1498716
United States
08/21/2011 07:50 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
With Obama in charge, all companies are taking these measures. All will be fine once he's deported back to Kenya.
Pearl Harbor was an inside job.
LOST_ONE

User ID: 1463993
Canada
08/21/2011 07:50 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
Oh the first good "bad" news I've heard.

I'm all charged up on Amex and if they fold well, wonder just how much the new owners will settle for.

Doesn't it work like that?
 Quoting: Anonymous Coward 1289696


norespect
just don't give a ......
Anonymous Coward (OP)
User ID: 668296
United States
08/21/2011 07:51 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
halted all hiring...that'some funny shit! so what...so has every other Company..damn dude over 14 million people unemployed
 Quoting: Anonymous Coward 1313288


Yes, you are correct - Most companies have stopped hiring. We however were smack in the middle of interviewing and hiring another 200 customer reps and out of the blue it was suddenly halted. Our particular department has been growing immensely and still need these additional 200 employees to handle the growth.

We are now pushing the limits our reps to make up for the 200 employees we will not be hiring. This happened literally overnight. I have been here 12 years and never experienced such a dramatic move. This move was made across all of our centers across the U.S. The 200 were just for my center. I am telling you, AMEX is scared of what is about to happen. They know.
Wizard's First Rule

User ID: 1026045
United States
08/21/2011 07:51 PM

Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
I'm in Amex. The internal job ops have indeed dried up. My displacement has been extended twice now, but I'm doubtful it will be again. Current extension is through late Sep. I'm thinking that it is end game this time. OP, are you saying I might be joined by many others?
Wizard's Rule #1: "People are stupid. Given proper motivation, almost anyone will believe almost anything. People will believe a lie because they want to believe it's true, or because they are afraid it might be true. People’s heads are full of knowledge, facts, and beliefs, and most of it is false, yet they think it all true. People can only rarely tell the difference between a lie and the truth, and yet they are confident they can, and so are all the easier to fool."
Primordial Rule: "The rule unwritten. It is the secret of all life. It is the essence of life itself. You are a creator and master of your own reality. You ultimately make your own rules."
All the Wizard's Rules: [link to sot.wikia.com]
Anonymous Coward
User ID: 1510316
United States
08/21/2011 07:51 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
I say either you are right and there is a lot of manipulation going on...or moremlikely

Aliens are going to come downcand spank their ass so they are fucking running away.

I know, its hard to follow. You'll understand soon though.
Burt Gummer

User ID: 1513857
United States
08/21/2011 07:51 PM

Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
***PLZ PIN***

I am in AMEX MGMT - on the front lines. We have halted all hiring, and have gone to absolute survival mode just within the last two weeks!

We went in survival mode back in fall of 2008 where we laid off 10k people, but that was after the financial storm had already hit and we were caught off guard. It is different this time. The "powers that be" with AMEX expect a huge turn of events with regards to the economy - A huge depression to be exact.

Warrent Buffet owns 12% of AMEX stock. I think he sees what is going to happen in the next month or so with the global markets and is advising Ken Chenault to batten down the hatches and keep as much cash on hand as possible. I believe they think it will start with the banks collapsing in europe, which in turn will collapse ours.

Just saying, in all the years I have been with AMEX, I have never experienced such tight measures being put in placed. We are asking our employees to work even harder and with less "down time" to make up for the lack of new hires.

***The employees here feel it - just ask one!***


Back in 2008 our stock had dropped down to about $13 or $14 a share. We went from making $900 million profit per quarter down to between $100-$200 million per quarter. They do not want this to happen again! We have fully recovered since then.


What say you?
 Quoting: AngryBaby


I say you are going to see the banks cutting workers across the board in the next 6-12 months.

Current example....
Bank of America plans to lay off 3,500 more workers
Saturday, August 20, 2011

[link to bostonherald.com]

hopechg
Anonymous Coward
User ID: 1513995
United States
08/21/2011 07:51 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
BoA has laid off a lot of people as well, just recently, actually heard it on lame stream media.....I have no link (I'm sure GLP has it somewhere)
^Watcher^

User ID: 1507851
United States
08/21/2011 07:52 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
Thanks for the heads-up! Oh, and I can't tell you how happy I am that your corporation has "fully recovered". Glad we could bail you out! huffy

Last Edited by ^Watcher^ on 08/21/2011 08:02 PM
Anonymous Coward
User ID: 1510126
United States
08/21/2011 07:53 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
... WHAT ??????

jerkit wtf

I'm in a High level MGT position with CHASE VISA division. I am having the exact opposite experience. We are being told that after the fall shake out, we will be in a major "expansion" trend through the election year (After that, all bets are off ?), so much so, that I am being told to construct my hiring strategy that will need to be implemented at the start of the first quarter of 2012. Who knows? ... maybe this fall will be bumpy, but come the end of the year/beginning of the election year, the market and the economy will expand. Maybe it is manipulation due to the election year? ... I'm not sure, that would make sense.

Bottom line is that I am being instructed to prepare for expansion and hiring now so we can implement the plan ASAP 1/1/2012.

MAKE HAY WHILE THE SUN SHINES!! dance bonghit
Anonymous Coward
User ID: 1406606
United States
08/21/2011 07:53 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
My Bad!
I farted and the noxious fumes from all the poisoned food I've eaten kinda got them over-reacting from lack of oxygen.
Anonymous Coward
User ID: 1513995
United States
08/21/2011 07:53 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
hf Burt G. thats it above.
NWOINSURGENT

User ID: 1511061
United States
08/21/2011 07:54 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
Maybe. Or maybe they're just jumping on the corporate bandwagon of slave labor, you know, "we know you've done a good job for years but now we want to pay you 10% less, and oh yeah, we need you to go ahead and come in on saturdays from now on as well."

I contracted for all the major telecoms for 10 years and saw this constantly from all of them; ATT, comcast, TW, adelphia, windstream. Greed of the corps boggles the mind, you should either get out or do yourself a favor and dont ever look for logic in corporate amerika.
N3m3s1s

User ID: 1384288
United States
08/21/2011 07:55 PM

Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
***PLZ PIN***

I am in AMEX MGMT - on the front lines. We have halted all hiring, and have gone to absolute survival mode just within the last two weeks!

We went in survival mode back in fall of 2008 where we laid off 10k people, but that was after the financial storm had already hit and we were caught off guard. It is different this time. The "powers that be" with AMEX expect a huge turn of events with regards to the economy - A huge depression to be exact.

Warrent Buffet owns 12% of AMEX stock. I think he sees what is going to happen in the next month or so with the global markets and is advising Ken Chenault to batten down the hatches and keep as much cash on hand as possible. I believe they think it will start with the banks collapsing in europe, which in turn will collapse ours.

Just saying, in all the years I have been with AMEX, I have never experienced such tight measures being put in placed. We are asking our employees to work even harder and with less "down time" to make up for the lack of new hires.

***The employees here feel it - just ask one!***


Back in 2008 our stock had dropped down to about $13 or $14 a share. We went from making $900 million profit per quarter down to between $100-$200 million per quarter. They do not want this to happen again! We have fully recovered since then.


What say you?
 Quoting: AngryBaby


Well, I can tell you this much.

I have a Centurion card and have had one for 2 years. My business partner and other directors in my company that are just as qualified to get one have been trying like crazy for the last several months to get one as well. The answer Amex gives "we are not issuing any new Centurion cards at this time, enrollment is closed." Period.

Now I know this is an invite only program, somehow I got around that...but to get the above answer is somewhat mind boggling.

not sure what to interpret from this other than...
Anonymous Coward
User ID: 1510126
United States
08/21/2011 07:56 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
... exactly. It is called EARNINGS PER SHARE!
Anonymous Coward
User ID: 1477938
United States
08/21/2011 07:57 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
A whole new monetary system will be put in place probaly. A currency thats a One World Currency.
Sweet Crude
Sweet Crude

User ID: 1513951
United States
08/21/2011 07:58 PM

Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
good karma for you OP. For having the cajones to blow the whistle.
Squeaky wheel gets the grease
Anonymous Coward (OP)
User ID: 668296
United States
08/21/2011 07:59 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
I'm in Amex. The internal job ops have indeed dried up. My displacement has been extended twice now, but I'm doubtful it will be again. Current extension is through late Sep. I'm thinking that it is end game this time. OP, are you saying I might be joined by many others?
 Quoting: Wizard's First Rule


I do not know how far the cuts are going to go. First we halt hiring, second cut all unnecessary programs and benefits. Third we "Lay Off" the lowest performing folks. Then we get creative on how to generate additional income. Sometimes we do all the above simultaneously
American Express weathered the 2008 storm quite well. We laid off 10k employees (generally the lowest performing). We diversified our assets into other arenas. One thing we did immediately was create the "American Express CD" and was beyond successful in creating additional revenue.
I think the management of AMEX is among the best out there. Through tremendous leadership and skillful cutbacks, we successfully averted the 08' downfall.
********This time though, there is a look of fear in their eyes.***********
:L
User ID: 1507580
Canada
08/21/2011 08:00 PM
Report Abusive Post
Report Copyright Violation
Re: Something Huge is Coming Soon– American Express is Battening Down the Hatches!!
... exactly. It is called EARNINGS PER SHARE!
 Quoting: Anonymous Coward 1510126


Yeah baby and it's called short selling AMEX to reap a tidy profit.

News








We're dropping truth bombs like it's the end of days!