On Saturday, November 17, 2012 6:07:37 PM UTC-5, da pickle wrote:See the link from ramashiva above.
> Tim Norfolk <timsn...@aol.com> wrote:
> > On Saturday, November 17, 2012 4:18:24 PM UTC-5, Follow wrote:
> >> On Nov 17 2012 7:27 AM, VegasJerry wrote:
> >>> It was as I said. While you easily deceived wing nut refuse to admit I was
> >> right, the press (real
> >>> press, not Fox and the other shit you wing-nuts read) reveal that when the
> >> company was filing for
> >>> bankruptcy, for the second time, earlier this year, it actually tripled its
> >> CEO s pay, and increased
> >>> other executives compensation by as much as 80 percent.
> >>> While you drank the cool aid, the creditors warned that the decision
> >> signaled another attempt to
> >>> sidestep bankruptcy rules.
> >>> I was right. The union was right. The creditors were right. You were wrong.
> >>> Jerry (lol @ wing-nuts) 'n Vegas
> >> Can you link that news from somewhere other than a union website?
> >> Follow :)
> > How's this?
> This is supposed to be different?
Running the numbers, we have 18,000 employees at say $14 per hour asked to give pay concessions on the order of 10% in pay, and 20% in medical and pension benefits, while the senior management increases their own pay by 90-200%. This fits the small business failures that I have seen in the past 10 years locally. Every single one had the people at the top pulling out too much money, or selling out to someone who couldn't figure out that paying back loans meant that the profit margin goes down.
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