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

To: combjelly who wrote (685719)	11/20/2012 6:04:18 PM
From: i-node	Read Replies (2) \| Respond to of 1570369

> 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.

To: combjelly who wrote (685719)	11/20/2012 9:51:41 PM
From: Tenchusatsu	Respond to of 1570369

CJ, Did you know that management gave themselves hefty raises while demanding the unions take significant cuts? By hefty I mean from 100% to 300%... Well then I guess those managers are also out of a job now. From 100% to 300% to zero. When companies go bankrupt due to labor-management disputes, both sides always end up blaming each other. Ultimately it's always management's responsibility to keep the company alive. The unions are only responsible to themselves and getting the most out of their employers as possible. At least Obama is staying out of this, but in the context of Government Motors, it does expose a hypocrisy of bailouts. Tenchusatsu