Greed, the long term planning is for profits..


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Posted by MoparNorm on Sunday, September 25, 2005 at 5:42PM :

In Reply to: Re: Greed, and no long term planning posted by Ugg on Sunday, September 25, 2005 at 2:41PM :

Good post,
It's greed whether it's labor or management. Business owners go public (stock market) to raise cash, stock holders demand higher profits and dividends, labor demands it's share, most labor unions have pension trust funds that are the largest stock holders, so when stock holders demand that overhead be trimmed to generate profits guess what, it is the unions screwing their own workers by indirect action. Much union money is now tied up in Political Action Committees, there is plenty of greed to go around, but not much accountability.
MN



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