I mean... to make Bond holders ahead of employees... what kind of Socialist are you? These are legit contracts, even more legit than those of bonds, the money for the Employees is already spent. The employees are not risk takers in the company structure, they don't' benefit from massive Profits in the company.... they just work hard and sweat for the company. They are not taking risk, they don't get those rewards.... so they end up Ahead of those who are in this for Capitalist reasons...... This is the way it works Larry.... Unless you believe in some kind of Socialism for the Rich?
I keep loving when "Risk Takers" start talking about how "Things aren't fair"..... you are rewarded for risk.... that is why it's not fair...
Monday, April 27, 2009
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Exactly. It's all about risk-taking and possible rewards.
What do the vendors get from the auto makers in this pseudo-bankruptcy? 100%
That's what the workers should get, too, especially the retired employees who worked during the profitable years and whose benefits will certainly be cut.
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