After reading about the “liquidation bonuses” the CEO’s want to pay themselves, I am sort of feeling a little sorrier for the workers.
If this is how they act when in bankruptcy,how were they acting before?
I think unions are parasites, but I have no sympathy for greedy, grabby upper management who don’t mind seeing a business go down while continuing to pay themselves ‘bonuses’ like that.
What are those liquidation bonuses??? I haven’t seen the number.
Now let me see if I get this right.
I have a business. My employees want to put me out of business. They succeed in puting me out of business. I sell the assetts. How much should I reward them? Maybe a new phone?
Executives commonly take stock in lieu of some compensation. When the company liquidates, it devalues their stock to make it worthless.
I read your comment as a complaint that the executives do not suffer for the workers’ refusal to work, just as much as the workers suffer.
I disagree. When the union workers forced the company under, they lost any right they had to complain about management.