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Personal Finances / Living Below Your Means
|Subject: Re: WMT Workers Getting Spines for Xmas||Date: 11/17/2012 12:23 PM|
|Author: Windowseat||Number: 868789 of 889306|
They need someone to blame, therefore; it must be the evil investors.
Plenty of blame to share with everyone. When GM was teetering management said it was the fault of the unions (and definitely unions had pushed demands past the safety zone, but they have elections just like Congress has elections, and union management has to come up with something new each contract or they get voted out) and some of the investment writers pointed out that management had put too much of its focus into the finance side of car buying and wasn't paying sufficient attention to its market.
I think in most of these situations you can put some blame on both sides. Union leaders want to keep their jobs, so they keep pushing for more and more pay and benefits, and management is playing to the stockholders by focusing on short term results to keep the stock up, and not putting enough energy, money and time into Research and Development.
Plenty of blame.
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