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And when leadership fails NEW leadership (not a new workforce) is brought in to turn things around.

Here's a list of some of the better known ones remember there are thousands of lessor known leaders out there.

And yet there are even more examples of executives who shed divisions, shrank companies, failed to turn profit, and still got increased compensation.

Really? Link please.

Also, I have to wonder what your views are on unions. So many of the privileged class apologists are quick to blame unions for earnings failures,

Wow! lots of assumptions there. I'll have to remember to remind the checkout clerk of my privileged class apologist status the next time I'm at Walmart.

As to my views on unions. Unions were at one time VERY necessary. Today not so much as the specter of union recruiters and organizers haunts CEO's and middle managers alike.

I've belonged to unions both because it was required to get the job (stuck in my craw) and once I joined (even though the union shop steward told me I didn't have to in order to file a complaint) because I thought/think it was the right thing to do if I was going to avail myself of the union's services.

And I've walked a picket line (didn't do any good, the company just picked up and moved to another town).

So don't presume to lecture me about unions.

Your claim that NEW leadership and not a new workforce is always the method to turn things around is also not completely true. Companies often shut doors in one city only to open a new plant somewhere else. Outsourcing and off-shoring are both examples of blaming and replacing the workforce in an attempt turn things around.

*I* didn't claim that "NEW leadership and not a new workforce is always the method to turn things around"

As you kind'a sort'a point out, unions are often a factor in management's decision to outsource or move offshore entirely.

Detroit today seems like a good example of what happens when unions get too greedy.

See also US shoe and garment manufacturing.
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