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Bridge loan to nowhere..
Boater wrote:
Eisboch wrote: "Boater" wrote in message ... I do think Ford and GM would be better off, as would their workers, if good foreign management took over there, management from Japan or Korea. with buyouts for the current organized employees, and a new unionized deal for new hires, with a quality "national" health care plan so the employers aren't burdened with that. I have no faith in U.S. corporate management and its B-school mentality. Overall, I agree. I am not sure that fresh, innovative management cannot be found here in the US, but I won't argue the need to get away from traditional business and MBA concepts. I also believe in and respect the concept of a contract. The current organized employees need to be considered and fairly treated. However, contracts, by design, can be renegotiated, particularly in troubled times when absolute adherence to them puts the whole operation at risk. I couldn't agree more that businesses should not be the administrators of health plans. Eisboch I haven't seen the numbers, but I wonder what American corporations would have to do if they were required to fund their pension liabilities. My union's pension fund has *no* unfunded liabilities, and we intend to keep it that way, for moral and legal reasons. The hourly contributions go where they are supposed to go, and, even though we do not invest in stocks, we are still several percentage points ahead in earnings so that we can handle distributions. |
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