What A Mess!

[Ferd]

There is a part of me that wants to be for the unions.... and part of me that wants to be for the companies.


but here is what I know. these 3 automakers combined have in the neighborhood of 21,000 people one their books that are making $30+ per hour and they arent doing a blessed thing.

They are in what is called a Job pool (Timlan posted a link to a story about it). The report to this job pool and sit on their butts all day and watch movies and work crossword puzzels and get their check and keep their benifits.

THAT is a problem caused by 1. Unions and 2. Company Mis-management.

and that is just one of the problems.


These companies are paying their executives somewhere around Fifty million bucks a year (maybe more) all the while their stock prices are falling thru the floor. It is sick. And all us stock holders are taking it like a bunch of morons.


Light, your wrong about the Union. They need to be exploded. But you are right about the management of these companies. They need to be exploded too.


Fact is, the only way to get anywhere near fixed in this mess is to force them into Chapter 11 bankruptsy and for congress or stock holders to hold the management teams responsible and fire them all with NO parachute.

Then while in Chapter 11, the companies under new management can renegotiate all contracts (Union and non-union) and come up with a structure that keeps their workers employed while still making these companies profitable for the stock holders.


I have zero hope this will actually happen.