Yesterday we got to see the three Captains of the U.S. auto industry in action. We got to see the guys who have all but destroyed the American car building industry ask for money. We got to see the guys who all have binding contractual agreements that no matter what happens on their watch they still get at least 15 million. We got to see the guys that spent $20,000 to come in on their private corporate jet when they could have done it for $500 on a commercial airline.
I have seen corporate greed in my thirty plus years in business. I find no one who thinks they are more entitled than corporate execs. They get everything in the world given to them while they are the only ones who can afford to pay for it. They feel they are entitled.
Our workers are more productive than ever. Can we say that about our execs? I think not because they just don't get it. They live in fantasy land and we encourage their behaviors on rubber stamping Corporate Boards and in our halls of Congress.
Top notch execs would never work without a contract. However, ask them what they think about the rank and file, in service industries for instance, organizing with a contract. They will fight it tooth and nail. You see, contracts which promise riches regardless of performance are only for the execs. We have lost our way.
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3 months ago
1 comment:
I could not agree more! It was bad enough we had to bail out the financial companies who have pillaged for years. Now we are expected to bail out the auto companies, too!?! These overpaid, overindulged execs have stripped away the financial foundations from their companies and then expect everyone else to bail them out so they can continue their excessive, ridiculous lifestyles! I am for all capitalism, but the greed of corporate America has exceeded all notions of common sense, common decency, and morality and just ticks me off. Grrrrrrrrrr!
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