Quote:
Originally Posted by GenuineRisk
Well, apparently while Hostess was failing, the CEOs were making sure they got theirs before 18,000 people lost their jobs:
http://gawker.com/5961444/dont-worry...pany-collapsed
I love how the failure of businesses is always blamed on greedy unions (how dare they expect their employers keep their end of their contracts!) but it's just shrugged off when the guys at the top loot the company on the way out. |
I don't condone the behavior of either side in most of these cases. CEOs should not be making huge amounts of money when their company is doing lousy. By the same token, union workers should not expect to be getting raises and having huge pensions when their company is losing money.
I have done some work for a hedge fund for about 14 years. When things are going well, they have been generous to me. A few years back they were doing very well and they gave me a nice pay raise. But after about a year things went south and they told me that they could no longer afford to pay me the higher wage. They said they would have to go back to paying me what they were paying me before I got the raise. I didn't complain in the least bit. I totally understood the situation. The company was really struggling and they could no longer afford to pay me the higher wage. I had no problem with that.
I don't understand why people complain in those types of situations. When things are bad, everyone should have to bite the bullet.