Fiat is paying $3.65 billion to the Union trust fund. The shares were valued by analysts at $5.6 billion. How soon will it be before the union mismanages these funds, can’t make pension payments to the Chrysler workers, and comes running to the US government for a bailout because it didn’t get the full value of its shares from Fiat?
Not long. Unions are leeches and in a just world their leaders would be lined up on a wall and shot.