SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: combjelly who wrote (685719)11/20/2012 6:04:18 PM
From: i-node  Read Replies (2) of 1570343
 
> the unions aren't the problem there. Did you know that management gave themselves hefty raises while demanding the unions take significant cuts? By hefty I mean from 100% to 300%...

The unions are the problem. At least the immediate problem.

The company cannot come out of Chapter 11 without a plan for viability; that means the 18,000 union members have to take pay cuts.

Management SHOULD receive bonuses for staying with a company through a bankruptcy, hard-core negotiations with unions, and perhaps a Ch. 7 liquidation. After all, they're sacrificing their careers to see the company through difficult times and are being asked to remain committed to the shareholders even when it is to their own detriment. The bankruptcy court would not allow the payments if it considered them excessive.

Unlike the union workers they can't just walk off the job in an effort to get what they want.

Because I find it difficult to believe you don't know this, I'm assuming your remark was nothing more than the usual anti-management dig that you normally take -- as when Obama illegally (or at least immorally) extorted money from GM's lenders to give to the unions, something you found totally acceptable and justifiable.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News