LookieNoNookie -> RE: A few Labor Leader, cost 18,500 their jobs (11/30/2012 7:33:54 PM)
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ORIGINAL: Level Well, I thought it was; the whole thing wad, it shouldn't have happened. Level, I know you're a thinking man. The money (investors) want their money back...pretty normal stuff. If you bought a backhoe for 29K....you'd expect 40k in return. The unions were thrilled to see all the investment over the years (regardless of where it went and you can be certain, the union bosses got a check as well). When did they step up? I haven't seen any press on them saying "yeah....well we have shitloads of money....why don't we buy this thing for 12 kabillion dollars and pay all our cream stuffers....300 grand a year". For one simple reason: They'd much rather collect their $37.93 a week from 18,500 plebes who will never know the difference but be certain their union loves them and cares for them. (They don't give a SHIT about their plebes...trust me). They (the public) never recognized (which should have been obvious), the corporate dudes loaded the company up with debt that was commensurate with that which could be paid out based on what would be a reasonable operating margin, based on normal industry standard costs. The laborers opted to not provide that, whether through wages or efficiencies. The net result was....job loss. And yeah the execs are due their bonuses because the investors are about to get a significant return on their investment, thanks to the executives management expertise. The investors (shareholders) are the ones who paid for the company...ergo...they deserve a reasonable return. Pretty basic stuff.
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