View Single Post
Old 11-15-2008, 07:16 PM  
Drake
Hello world!
 
Industry Role:
Join Date: Mar 2003
Posts: 12,508
It's definitely not the union alone that is the problem. I'm the last person to suggest it's ok for management to be banking millions when a company is heading south. That is ultimate corruption, with few exceptions.

I can't say with any certainty where this problem begins and ends. I think that many of those 'foreign' cars are part owned by American auto manufacturers too, so who knows the real reasons why things have gotten so screwed up.

If it's true that American cars are limited on exports and overhead for retired union workers outpaces the current workforce, I could actually fathom the management saying to themselves "fuck this, we aren't allowed to sell overseas due to unfair trade and regulation, and the unions cannot be satiated, so we'll just take our millions in bonuses out of an unwinnable situation and let the ship sink".

Whatever the reasons, it's a trip that ordinary folks are having to chime in with suggestions on how fortune 500 companies should be running themselves, because we're footing their bailout bill. It's plain bizarre that we're even having this discussion.
Drake is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote