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To: Elroy Jetson who wrote (45924)	11/21/2005 5:07:22 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 110194

I am with you on the inferior management, but the union is also to blame. They have NEVER gotten involved in the process of manufacturing, in pushing the companies to be cost competitive or to be quality competitive. The sole objective of the union has been to get as many card carrying members as possible. The union management is as out of touch as GM's is.

To: Elroy Jetson who wrote (45924)	11/21/2005 5:11:58 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

Triple pay for self-destructive management! i think you must be talking about top management. CEOs and the like. i don't think regular US engineers make 3x what their Japanese counterparts make. probably comparable salaries. but US CEOs of course must make much more, in keeping with the widespread plundering of US wealth which passes for business as usual in our kleptoplutocracy. in S&P500 companies, there was $1 trillion of expropriation through stock options between 1992-2002, as calculated by Robert Brenner: "In 1992, corporate CEOs held 2 per cent of the equity of US corporations; today, they own 12 per cent. This ranks among the most spectacular acts of expropriation in the history of capitalism" lrb.co.uk