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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (482225)	5/20/2009 10:19:24 AM
From: Alighieri	Read Replies (1) \| Respond to of 1573682

Your arguing based on a false dilemma. We are not limited to the two possibilities of tilting the situation in the favor of the unions, or liquidating the companies. In fact tilting the proceedings towards the unions makes the company less viable going forward, both because it will retain a larger percentage of the costs it gets from the union contracts, and because creditors will be less likely to lend to it, at least not without higher interest rates, if their acceptance of lower interest rates in order to have their holdings be senior to other debt, still results in them being treated as junior. How does union ownership hurt the company? You guys continue to labor under the illusion that by just reducing labor costs makes these companies suddenly viable. By the way, did you send your resume to the Obama team? Al