Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (507709)	8/24/2009 11:42:15 PM
From: tejek	Respond to of 1577883

> Then why did corp. mgmt agree to it? Perhaps you weren't around, or were not paying attention as it happened. But the power of the UAW accumulated over an extended period of time as a result of repeated strikes and threats of strikes. Managements in the US are held to account by a quarterly accounting process that encourages window-dressing and kicking the can down the road. Management at GM, DCX and F did precisely that. Caved to the pressure of the UAW. Let me see if I undersand you correctly. Mgmt agreed to pay whatever the UAW asked in terms of labor costs even though they knew that that would guarantee they could not compete on the world stage and it would end in the total destruction of the companies for whom they worked. This happened in no other industry but the auto industry and you think this explanation makes perfectly good sense. Uh.....huh. Interesting. Frankly, I still think you're FOS. Sorry.