Washington to Give Unions More Power to Tell Corporations What to Do

canada free press ^ | 5/1/10 | Warner Todd Huston

[Nachum]

Senator Chris Dodd (D, Conn.) wants to give unions more power in the boardrooms of our nation’s businesses. In essence, Dodd wants to force corporate boards under the thumb of unions by federal fiat.

Carefully hidden in Dodd’s new regulations are provisions that give new powers to board members, powers aimed at giving unions more say in the operations of businesses from the inside through investments of pension funds.

[Nachum]

There is a reason that SEIU president Andy Stern has been in the White House over 35 times....

[caww]

"Senator Chris Dodd (D, Conn.) wants to give unions more power in the boardrooms of our nation’s businesses"

Actually I see this as this administration giving themselves power in the boardrooms of business and industry since the union operates via them.

[Repeat Offender]

You weren’t supposed to connect those dots. That’s fine, I’ve got just the job for you at the work camp.

[nathanbedford]

Senator Chris Dodd (D, Conn.) wants to give unions more power in the boardrooms of our nation’s businesses.

The headline is misleading, it should read:Senator Chris Dodd (D, Conn.) wants to expropriate property belonging to stockholders and give it to favored political cronies.

Power in the board room is power to allocate corporate assets away from stockholders and to employees. This is naked taking of property without due compensation but the American court system will not regarded it as such, rather it will be styled a permissible regulation. The power to vote in a board room is a property right.

A few articles back we have an account from Forbes Magazine of the expropriations of power plants by Communists in Bolivia. I was tempted to add a reply which said that if Eva Morales had patience he could simply wait for international Cap and Trade treaties to do the expropriation for him. I had forgotten that in America we can also do it by way of financial "reform" legislation.

[phockthis]

sfl

[unspun]

This is a tenet of anarcho-syndicalism and fascism, the red and the black.