Management Trainee- "Why the water cooler"

In the midst of the economy drowning fortune 500 companies are cutting costs in everyway imaginable. I understand lay-offs, salary cuts, etc. Even as a management trainee I understand that excessive costs must be cut in order to obtain financial stablity. However I have an issue with one of the "items" slashed because of the economy. A friend of mine told me he went to his office on saturday hungover to find that the office water cooler was missing. When asking the manager about the location of the water cooler the manager replied "the economy man". WTF? So the economy is so bad that my buddy's hydration is sacrified? Unbelievable.

I would like to have video footage from that board meeting.
Big Wig: So finance, what are we going to cut from an office to save on the bottom-line?
Finance: Well we could cut; the jet, the cruiseliner, water coolers, annual trip to bermuda
Big Wig: hmmmm....let's cut the water coolers, they can re-hydrate after work.