Thread: Any "Latest & Greatest" about Delta?
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Old 02-21-2010 | 08:08 PM
  #29267  
Scoop
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From: DAL 330
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Originally Posted by satchip

The old model of unions extracting every last penny from the corporation regardless of profits is dead. There is too much competition in the global economy and margins are too thin. We had better care whether we dominate the world or the bottom half of us won't have jobs.
So true, that is now management’s specialty. Lets see zero profits, BK around the corner, poor performance - Oh what to do? I know management bonuses all around!
But wait, says an extra sharp, recent MBA recipient "If we file for BK we will lose our bonuses and pensions too." I can just imagine the scene as the other masters of the universe pause, look at each other seriously for a second, and then burst out laughing! "Ha! us lose our bonuses, us lose our golden parachutes. That’s rich! What a rube!"

Yes, the days of unions extracting anything from corporations these days is dead - management is much better at it than the unions ever were.

Standard management rebuttal:

"We can't help it, no one can make money in this market, these conditions are terrible." To which I partly agree, but then reply - "If you can not help it, then it does not really matter who is running the company, and so why do you deserve the big $$$$$ bonuses?"

Scoop