Robbing Peter to Pay the Penguin

miner-and-arena

Consol Energy Gets Naming Rights for Arena

Published: Dec. 16, 2008 at 3:30 PM

PITTSBURGH, Dec. 16 (UPI) — The coal and gas company Consol Energy Inc. (NYSE:CNX) has won the naming rights for the new Pittsburgh Penguins hockey arena.

The deal means that the arena will be known as the Consol Energy Center for 21 years after its opening for the 2010-2011 season, the Pittsburgh Post-Gazette reported. The team has not released the amount of money involved, but Consol is believed to be paying millions of dollars (a year).


Consol Energy Mine Closure To Put 260 Out Of Work

Monday, January 5, 2009 – updated: 4:31 pm EST January 5, 2009

Consol Energy plans to close its 84 Mine in southwestern Pennsylvania in about two months, citing dropping coal prices in the sluggish economy.About 260 miners work at the mine in Amwell Township, about 25 miles south of Pittsburgh.

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  1. #1 by logiopsychoambrosiaivorytowerpath on January 7, 2009 - 2:44 am

    Come on, Chris. You’ve been a manager–haven’t you let people go, yet continued advertising?

    That’s all this coal company is doing.

    Besides, how about a little gratitude for the employment they have been providing?

  2. #2 by logiopsychoambrosiaivorytowerpath on January 7, 2009 - 2:46 am

    In fact, you’ve been a business owner–I’ve got an idea–run it by L. N.

    Sell the naming rights to the gym. I can see it–“Denny’s Gym at Y._.T.” or “Medieval Times Arena at 7205.”

    You get my point, don’t you?

  3. #3 by Christian Beyer on January 7, 2009 - 7:21 am

    Sure it’s the same point that supports all these bad business decisions = the ‘blind fairness’ of the market economy. (I know that your tongue is firmly in cheek, btw)

    Consider the negative advertising potential that they now have = spending millions of dollars a year for a name on a recreational facility while they are ‘forced’ to put over 200 of their employees out of work in an area in which they are probably the only employer. And I seriously doubt that anyone will purchase coal based upon name recognition. They are already the largest producer of coal in the country. Are they looking for more market share”? Hoping that hockey fans will scrap their heat pumps and install coal chutes in their homes again?

    Gratitude? I’m reminded of what John Wayne says in “McClintock”, something like : ” I never gave anybody a job.I agree to pay them an honest wage for an honest amount of work. It’s a business arrangement.” But even so, their needs to be compassionate consideration of employers for employees and vice versa. Maybe there is in this case, but that’s not what it looks like.

  4. #4 by b4dguy on January 7, 2009 - 3:35 pm

    Reminds me of an old song…

  5. #5 by logiopsychoambrosiaivorytowerpath on January 7, 2009 - 6:37 pm

    Hey, that’s funny. Where my mom lives, a restaurant is named “F. McClintock.” She and my brother (and us) eat at a place called “Steamers” which has the same owner.

    My dad (especially his wife–not my mother) claim to own John Wayne’s personal bar.

    Hmm.

    I think companies have a responsibility to support the people who help build their businesses–however, when the fat hits the fan, sooner or later everyone gets a pink slip–including men like Edwin Land (Polaroid inventor) who get fired from the companies they founded.

  6. #6 by Christian Beyer on January 7, 2009 - 7:20 pm

    No doubt. As you’ve suggested I’ve had to let a few people go over the years. But during those times I never took increases, sometimes took cuts and on a couple of occasions had to put my own money back into the company. Consul’s stock, in spite of the current economic situation, is doing OK. Of course they may have made agreements with the Penguins that are out of their hands right now. But this doesn’t show a lot of foresight.

    Besides, I think this practice of selling the names of civic property to the highest bidder is a case of tacky capitalism. I can’t wait until we have the Hustler Arena or Larry Flint Stadium.

    I’m always reminded the of year Disney moved all their toy production oversees because US labor was too expensive. In that year Eisner made over $250 million dollars.

  7. #7 by logiopsychoambrosiaivorytowerpath on January 7, 2009 - 11:33 pm

    Well, that’s been the trend for 20 years, and in my humble opinion, is the source of the crumbling U. S. (and world) economy.

    Henry Ford had a saying, and in a misquote, it was something like “always pay your people enough to buy your products.”

    I learned the sting of this when I worked in the truss plant–at $12.00 an hour, I could not dream of buying the homes our work was going into, which at a peak went from about $300,000-$800,000. Universal Forest Products said they paid according to responsibility–which I believe was male bovine fecal matter–they paid a max of around $12.00 to laborers, and more to supervisors–but in this day and age no one could make a realistic living on such paltry wages (which makes one wonder how people live on minimum wages or lower).

    Anyway, Universal was not buying stadium names, but they were always saying they wanted to be an “employer of choice.” Yes, they had really good benefits and a solid, 6% match 401K. However, only a chosen few were able to make a real living–a chosen few.

  8. #8 by logiopsychoambrosiaivorytowerpath on January 7, 2009 - 11:34 pm

    At least at our plant.

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