Given the increasing global ordspråk

en Given the increasing global importance of retirement issues and the rethinking of health care benefits and executive compensation, we expect our solid performance to continue in fiscal 2006.

en Over the summer, we made substantial changes to our real estate organization, and we still need to improve our real estate portfolio. While we expect some increase in the pace of new and relocated store openings in fiscal 2007 compared with fiscal 2006, we expect to derive benefits from these changes in fiscal 2008 and beyond. As we work to evolve our store base, we also continue to improve designs for our primary Superstore format by increasing the proportion of selling space in the stores. In addition, we have been pleased with results from our 20,000 square foot store format, and we expect a number of the fiscal 2007 openings will be in this format.

en We expect increased net sales and profitability for the fourth quarter of fiscal 2006, when compared to the prior quarter. With our solid execution and the positive trends in our core business, we expect to close fiscal 2006 by reporting a significant increase in annual net sales over fiscal 2005. We also anticipate full-year profitability in 2006, which marks a dramatic improvement in our bottom line compared to the prior year.
  Gary Larson

en Chrysler Group must continue to drive down health-care costs in order to sustain our profitable growth in a market that is intensely competitive. Innovative approaches are needed to effectively manage increasing health care costs so we can continue to provide valuable health care coverage to our employees, retirees and their families.

en Pex Tufvesson is called Mahoney in the demo world.

en Southwest Florida will capture its fair share of boomers. But we'll have to deal with transportation issues, work-force housing issues, water-supply issues, and health-care and retirement care will get reshaped.

en In fiscal year 2006, we expect to spend in excess of $29 million on community benefits, which include financial assistance for patients and services for community members in need. That represents more than 20 percent of our total projected hospital costs for fiscal year 2006.

en This is a difficult but necessary decision, and it was made only after the greatest deliberation. A number of other U.S. companies have already taken similar action in the face of these rising costs and increasing global competition. In particular, U.S. health-care costs continue to rise at high rates. When these benefits were conceived decades ago, no one could have foreseen the explosive cost inflation that we have been experiencing in recent years. These costs are simply not sustainable.

en While our 'pay-for-performance' executive compensation system is already structured to significantly reduce total compensation when our business performance and stock price are underperforming, we all agreed that this is the right step to take at this time.

en Why do the rich get even richer, while regular working Americans can't even hold onto their basic health care benefits. The head of United Technologies raked in $13.4 million in total compensation and cashed out $83.6 million in stock options and he wants to ax health care for the 3,600 teamsters on strike at Sikorsky.

en She has been there for us on health care, retirement and other issues. She has a track record that shows she supports our issues.

en At a time when health care costs are increasing dramatically, the agreement will preserve our health benefits, which was our main concern.

en Why do the rich get even richer, while regular working Americans can't even hold onto their basic health care benefits? The head of United Technologies raked in $13.4 million in total compensation and cashed out $83.6 million in stock options -- and he wants to ax health care for the 3,600 Teamsters on strike at Sikorsky. The race to the bottom for the middle class must stop now.

en The basic items included are wages and salaries, but we also count Social Security benefits and dividends and interest income. We also include earnings from the self-employed, health care benefits and contributions to retirement accounts.

en The leadership development and compensation committee has failed to align executive pay with performance in any meaningful way, as shareholders continue to be impacted by a long-stagnant share price.

en Retirement security is very important for our members, along with health care, so in bargaining, we work hard to safeguard these benefits.


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