When you have POS like Roger Smith making 20 Million,
and Rick Wagoner getting 14 million to cancel the electric car,
well no surprise, if the Union guys want their piece.
[quote=wannabe2077]
Union wages are too high. Union workers are getting paid $50/hour in benefits/wages. Highly talented engineers in Detroit get paid $60/hour in benefits/wages.
It is worse with government employees in California.
[/quote]
[/quote]
Management and union salaries are too high. And who let all of this happen? The board of directors. And who votes for the board of directors? The shareholders. Ultimately, the auto companies are a great example of shareholders allowing the board, management and employees to unwittingly work together in destroying their enterprise. All of these stakeholders deserve to get nothing… and like it. Hopefully it will serve as a cautionary tale of corporate governance run amock.
