Yeah the same Unions in the coal mines which caused strikes because ONE of their leaders had to watch the football game between WVU and Marshalls.
In the modern world of technology and emergence of knowledge workers, unions are all but vanishing group of species.
If you want to talk about who gets how much paid, why not ask those actors and sports stars who get paid a lot more for err nothing. Uneasy lies the head that wears the crown. It is harsh, but the real truth of life is, that it is not who use their brawn, but ones who use their brains get paid more.
No we would be headed for dark ages if the unions persist. The unions rared their ugly heads in the Non Profit Organization Bank created by the recent Noble Prize winner Dr. Yunus. And they were even ready to stop work for the people who were affected by floods because their leaders thought they were being paid less and wanted stock in the bank, WOW!
It is not written off in black and white. As much as we like to think it is easy for GM to kick unions and as much as we would like to, GM has to think about those people. Stock holders are number one priority of an organization, as they are the owners, but GM cannot dump people overnight.
Yeah for certain, UAW lost the war in long term, and with it possibility of unionizing foreign car manufacturers.
I think so too.
It is not a straight math (correct me if I am wrong, ZL-1). Actually with the $51B fund, the liabilities will be lot less, as PV of the future funds is also taken into account while computing the liability, further, free cash flow and other assets like stocks and bonds GM holds of other corporations can also be used on the liabilities side of the income statement. Unless we get the proper breakdown of liabilities, it is not straight to calculate the pre and post VEBA liabilities GM will actually see.