Re: Teamsters Warn Photographers of Canon's Bad Focus on Cust...
Let me give a personal example: The corporation I used to work for as a software developer was mismanaged for years, and in 2010 was bought out by PE firm in a \"leveraged buyout\". In the last year the CEO was in charge, he and the VP\'s paid themselves $10M - on $27M in gross sales! Obviously the first thing the PE firm did was lay off 45% of the company in order to make up for that huge loss in cash the company couldn\'t afford.
Yes, many unions had/have gone way too far, but as mentioned unrestrained good is bad for everyone. Anybody remember the good old days when the US was the hub of technological achievement and manufacturing? No? Well, in the last 30+ years Corporate upper management and boards decided they could make a ton more money by simply selling patents, moving plants, and dismantling once proud legacies to make a quick buck. Actually billions of bucks, and now that the US is a shell of what it used to be you want to blame unions?
Oct 27, 2012 at 09:51 PM
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