5 Reasons For Corporate Thanksgiving
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Do Your Research

Think about what you'd really like to do on your vacation and create a list to narrow your choices - whether it's hitting the beach, going shopping, climbing a mountain or visiting a museum. Consider whether you can do this somewhere nearby, or whether you know anyone who has done your chosen activities before on a similar budget. Alternatively, travel agencies or even chat rooms on the topic can provide great advice on accommodations, places to dine, things to do and tourist traps to avoid. Internet sites such as Yahoo! Travel, Expedia and Priceline are often useful when seeking reasonable fares.

Who's Giving Thanks?

Some companies should be extra thankful this holiday season. Quite a few firms have managed to stay afloat when, at one point, it was looking like they were about to have their lights turned out for good.

And it's not just the obvious suspects who are back from the brink - like Citibanks and General Motors - there are also some other firms that have dodged some major bullets and have plenty to be thankful for.

Credit Rating Agencies

The credit rating agencies should be extra thankful this year. Why? They aren't under the white-hot spotlight of investigation, as many of them looked at pools of low-quality loans in collateral debt obligations (CDO) and provided a high-quality 'AAA' ratings to at least a portion of these securities.

This mispricing of risk led some to believe therewas a conflict of interest between the credit rating agencies and the investment banks that pay fees for the ratings. The fact that these companies have avoided any serious investigation so far is something they should be thanking their lucky start for!

Mortgage Companies

If the company is still writing loans, it should be grateful for not only making it through the worst of times, but also that serious regulatory changes aren't already in place that could cripple profits for decades to come. While there is still a battle going on in Congress, many regulatory changes in the mortgage industry that had momentum have stalled.

Because the push for regulatory change in the mortgage industry has slowed considerably, mortgage companies should be extra thankful this year.


Any homebuilders that are still afloat should be thanking their lucky stars this year. Some are still paying dividends, despite negative earnings, and share prices have risen off their lows. Also, there didn't seem to be much blame focused on the homebuilders' role in the subprime meltdown, even though some incentive programs and sales tactics could have been fodder for scrutiny.

After the astronomical overbuilding of the last decade, if homebuilders have made it this far, they must be thankful that they are still in business and can see some light at the end of the tunnel.

The TARP Babies

The banks that needed to take government money to prevent bankruptcy should indeed be thankful this year, especially as bonuses are still being handed out. There are quite a few taxpayers who would like to see TARP recipients not only pay the money back with interest, but show a bit of contrition. Hopefully, they won't hold their breath.

While they haven't avoided the spotlight altogether, as bonus pay and executive compensation is a hot topic, TARP babies should still be thankful this year that everyone is still just talking and no one is actually taking action.

The Banks That Already Paid The TARP Money Back

Now that these banks are out from under the government's thumb, they are free to pillage once again. For that, they should surely thankful. It's one thing to be regulated by the federal government; it's altogether another to be partially owned by it.

This will allow unfettered management to take advantage of the constrained competition, as the strong tries to pounce on the weak. Also, there is no doubt they will be extra thankful for the better year-end bonuses too.


For many companies, just surviving the recent debacle is reason enough to give thanks this year. But a few companies that could have clearly had it much worse than they have it now should be extra thankful this year.

No doubt many of them will be. Now, if we could just think of something consumers should be thankful for, we'd feel a whole lot better

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