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Old 07-24-2015, 08:23 PM
 
11,662 posts, read 3,980,864 times
Reputation: 4730
. CNBC has been going over the mergers extensively, and like all major M&A moves, layoffs follow (No analyst has disagreed). Malloy has never been proactive though, so I suspect it will not change here.

M&A layoffs are not his fault, but he'll still have to deal with it.

Much of the insurer cost cutting is a reaction to Obamacare hurting their bottom line, and they are being proactive. Corps do look ahead. Pols should, but seldom do.

PS: I did see the +600 job report for Ct. (That's a ho hum report).
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Old 07-24-2015, 10:05 PM
 
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Talked to someone today whose SO works for Cigna. They had firings yesterday, before the announcement.
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Old 07-25-2015, 11:08 AM
 
11,662 posts, read 3,980,864 times
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Quote:
Originally Posted by WouldLoveTo View Post
Talked to someone today whose SO works for Cigna. They had firings yesterday, before the announcement.

That may have worked in their favor. I worked at a corp which was bought, and we eliminated positions the day prior, knowing we offered the better exit package. We knew the positions would not exist at the new merged corp anyway, so they would have immediately eliminated them. The difference was thousands per employee in severance (our formula was better), plus 6 additional months of Employer Health Care coverage, as we did NOT charge them COBRA for 6 months. They could begin it then..if they wished.
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Old 06-05-2016, 06:18 PM
 
Location: Northeast states
7,152 posts, read 4,906,992 times
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Connecticut tribe says it has made federal bid, hopes for casino | The CT Mirror
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Old 06-06-2016, 12:49 AM
 
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No disrespect, but I really do hope no casinos are built from the Danbury area up to Mass. That area is minimally untouched beauty. Great escape to the wilderness and from the world. Same goes for North Eastern CT and the area of CT from Branford to Waterford. Definitely should leave those areas untouched. If anything build a casino in Waterbury.

Last edited by RunD1987; 06-06-2016 at 01:12 AM..
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Old 06-06-2016, 01:02 AM
 
Location: Texas
2,394 posts, read 3,139,409 times
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Quote:
Originally Posted by RunD1987 View Post
I don't know if it's wrong of me, but I really do hope no casinos are built from the Danbury area up to Mass. That area is minimally untouched beauty. Great escape to the wilderness and from the world.
Wilderness? Not really. You want wilderness, you have to get out of Connecticut.
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Old 06-06-2016, 01:07 AM
 
7,262 posts, read 3,150,282 times
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Quote:
Originally Posted by HeadedWest View Post
Wilderness? Not really. You want wilderness, you have to get out of Connecticut.
Wilderness of CT. You have the Berkshires, Appalachian Trail, and few other places to escape into the woods for hours.
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Old 06-06-2016, 09:19 AM
 
505 posts, read 245,926 times
Reputation: 186
Hopefully they do not get it.


These people are NOT Indians and are unable to prove it. If they get recognition then anyone in the world can be an Indian if they just feel like it. It's a complete ploy just to get a casino. It was bad enough when the Pequots and Mohegans received recognition.



Foxwoods and Mohegan Sun's revenues have been dropping for years as additional casinos have opened. The opening of the Hartford Casino and MA casino are going to cut their revenues even further, probably by 50% or more.


Unless it is really small then the addition of another casino in Danbury will cut into the revenue further and we will be looking at a closure within a few years after being built - similar to Atlantic city.


With new casinos being built and New England's population stagnant the revenues are just not there for so many large complexes.

Last edited by CTDex; 06-06-2016 at 09:34 AM..
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Old 06-06-2016, 12:00 PM
 
7,262 posts, read 3,150,282 times
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I don't know why they want to take revenue away from the 2 Casinos already in the State.

If anything so much empty commercial area in Waterbury. Build a casino, indoor soccer stadium MLS, ice rink for an AHA team, and a few hotels be in business.

Last edited by RunD1987; 06-06-2016 at 12:11 PM..
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Old 06-06-2016, 12:08 PM
 
Location: Northeast states
7,152 posts, read 4,906,992 times
Reputation: 1549
Quote:
Originally Posted by RunD1987 View Post
I don't know why they want to take revenue away from the 2 Casinos already in the State.
CT jealous of Massachusetts economy
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