You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #84: Only Governance Left [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
coach3415 Donating Member (1 posts) Send PM | Profile | Ignore Fri Dec-12-08 09:10 AM
Response to Original message
84. Only Governance Left
The unions are really the only form of true governance or oversight left in corporations. The shareholders only care about double-digit returns, and management only cares about end-of-year bonus payments. If you want to leave your former union-represented corporations to the hands of greedy CEO's, go for it. There needs to be a second industrial revolution as history certainly has repeated itself. Why would CEO's of corporations earn millions upon millions of dollars when their corporation has declining returns? Why would CEO's drop employee pension plans, increase benefit costs, and hire a "fresh crop" of new blood after laying off older employees? Because it is all about the bottom line.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC