Kennecott's landslide

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  • 1Observer Cottonwood Heights, UT
    May 6, 2013 11:43 p.m.

    re airnaut: The employees at Rio Tinto get paid fairly well and have good benefits. Rio Tinto assumes all the risk, liability, blame, and expenses to provide those jobs. They do care because happy employees are productive employees and they, like any intelligent person, want to get the most out of their investments. That includes their investment in people. The people I know who work there seem to really enjoy their work and appreciate the treatment they receive from the company.

    There has been a lot a noise lately about the "evil corporations" but it seems like those who are complaining don't understand economic theory. If there was no opportunity for reward, no one would take risks. No one would start a company, no one would try to invent anything. Reward fuels innovation in commercial enterprises. Corporations don't run on no profit just like employees won't work for free. If they operate morally and ethically and make a good profit, why should anyone care? These companies provide jobs, philanthropy, and tax revenue and most demand little from the government - except asking them to stay out of their way.

  • Howard Beal Provo, UT
    May 6, 2013 8:48 p.m.

    I'm just glad no one got killed or injured...

  • casual observer Salt Lake City, UT
    May 6, 2013 7:49 p.m.

    In real estate, houses are worth what someone will pay for them, not what the seller thinks they're worth. Employment seems to follow a similar path. Al Jefferson is "worth" millions per year because that is what the Jazz are willing to pay. The market place is a strange animal, but more effective than a government agency setting salaries.

  • Area 52 Tooele, UT
    May 6, 2013 4:43 p.m.


    I recommend you to read Atlas Shrugged and I think you would retract your comment

  • Chris B Salt Lake City, UT
    May 6, 2013 12:19 p.m.

    If any employee isn't being paid what they are worth, go find a job where you will be paid what you are worth.

    And yes, if you truly are worth what you think you are, you will find something that pays you that.

    If you don't, you're not worth what you think you are.


  • airnaut Everett, 00
    May 6, 2013 9:43 a.m.

    Rio Tinto [Kennecott Operations Utah]
    Produces $6.2 Billion a year for the company.
    The company employs 800 local employees.

    Each Employee creates $7.7 million for the company.
    The Company pays them 1/100th of that.

    The company is looking out the for the profits and earnings of the company.
    They could careless about the employees OR the local economy.

    BTW --
    Rio Tinto is owned by foreign investors [the Rothchild's].
    They really could careless...

  • Chris B Salt Lake City, UT
    May 6, 2013 8:33 a.m.

    A great mining company doing great things in our community!

    Keep up the good work!