Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.32

-5.6%

Jan 30 9:30 AM EST

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To: Cary Salsberg who wrote (42679)	2/26/2001 9:54:36 AM
From: Fred Levine	of 70976

Cary-- I am in entire agreement with the need for unions. In fact, my father was a shop stewart in the teamsters union and I was president of a faculty union. Management has an obligation to maximize profits and labor has an equal obligation to maximize wages. They both need to make sure that they don't sink the ship that they ride in. I personally get ill when management hires a compensation committee to give themselves huge raises and perks and then cuts jobs. I think that is welfare for the wealthy. In fact, the cost of labor in most manufactured products is 10-15%, giving room for good wages. Studies are finding the real expense is with middle management and their required overhead-- secretaries, travel, etc. fred

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