Very interesting.
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Bankrupt - How Cronyism and Corruption Brought Down Detroit
- Thread starter iczar1
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It always amazed me that the UAW had members on the board, could SEE the real numbers, and did nothing. Maybe they were afraid of the rank and file. Ironically, the union leadership lost 10's of thousands of members jobs, because they couldn't look reality in the eye.
I also wondered why GM never locked them out and broke the UAW. The company management knew for years that the status quo was untenable and the company would fail.
The precedent set by ****ing the bondholders is gonna haunt the economy for a very long time.
I also wondered why GM never locked them out and broke the UAW. The company management knew for years that the status quo was untenable and the company would fail.
The precedent set by ****ing the bondholders is gonna haunt the economy for a very long time.
Unions, at their basic roots, are a good thing. However, it seems like every union (especially the UAW) will eventually turn into a company destroying monster. Damn shame what's happened to Detroit and that so many people let it happen.
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