Caterpillar has projected record profit this year and gave its top executives big raises in 2011. Total compensation for Caterpillar Chief Executive Douglas Oberhelman jumped 60% in 2011 to $16.9 million.
From what I gathered, sounds like company greed; I side with the ‘Strikers’
How the CEO and executives are compensated is a reflection of company profits and stock price. If workers want to partake in that, they should buy stock.
Otherwise, they should quit their whining. Manual labor is only worth as much as the cost of hiring and training replacements, and is determined by the free market, not union thuggery.
And, BTW, no company benefits from the adversarial relationship and atmosphere between management and labor that the unions’ deliberately create.
When you work for a private company, you come to agreement on wages with your employer or you quit and offer your services elsewhere.
Labor unionism is a government-supported violation of private property rights and a relic of Marxism. How anyone on a conservative board can support them is beyond me. They should be illegal.
You are a fool.
A company does not owe a worker anything beyond a paycheck in exchange for his labor. I say this as an employee, not a business owner.
If I do not like what an employer offers, I can leave, vote with my feet. If I agree to work for a specific wage package, then I had best get to work and earn it.
Strikers should lose their jobs at that company permanently. Period.
It has always been said that unions had a purpose ealry on, but they have always been violent in their actions. I would never, never participate in a union, and again, these folks should be fired. Post haste.
Basically management’s wealth should be redistributed?
http://www.brightscope.com/401k-rating/181009/Caterpillar-Inc/183850/Caterpillar-401K-Plan/