Yep, bankruptcy is the new business strategy... Take it or leave it...
and with the metaphorical gun to your head - the cuts or your job - what're ya gonna do...? ask the employees of united, northwest, delta, us airways, refco, and perhaps, soon-to-be, gm...
warren buffet had it right when he wrote about becoming a "sharecropper's society..."
Tweet
If Delphi Corp. has its way, workers for the nation's largest auto parts supplier would be paid as little as $9 per hour under 65% wage cuts, and be hit with a tenfold increase in health-care costs, no dental and vision care and other sharp reductions in benefits, according to a proposal revealed on the Web site of a UAW local.
The document shows for the first time the severity of the cuts the bankrupt company has told the union it needs to survive.
warren buffet had it right when he wrote about becoming a "sharecropper's society..."
"A country that is now aspiring to an 'Ownership Society' will not find happiness in--and I'll use hyperbole here for emphasis--a 'Sharecropper's Society,'" Buffett wrote. . ."Submit To Propeller
Tweet
posted by profmarcus at
10/26/2005
