The problem with the unions is that most of the added costs they impose on the company does not benefit the worker actually performing the work. Alot of that money goes into the pockets of the union bosses, organizers, and no shoe jobs.
The executives are WAAYYY overpaid. I agree. If they dont produce a profit, they should not be getting huge salaries and bonuses. A bonus for what? A bonus should only be for good performance, not failure.
This is my gripe with corporate america, failure and success are both rewarded with grotesque amounts of money.
If a company is in the toilet, no bonuses should be meeted out to anyone until a profit it generated.
UAW President Ron Gettelfinger got a 2.3 percent raise in 2006, a year after taking a pay cut, a federal report released Thursday showed.
Gettelfinger earned $145,126 and received $13,405 in allowances and official expenses for a total compensation of $158,530. His 2006 salary was still slightly less than he made in 2004 -- $145,466 -- after he and other officers took a 2.5 percent pay cut in 2005.
http://www.detnews.com/apps/pbcs.dll/article?AID=/20070413/AUTO01/704130353/1148If $145,000 represents the money going into the pockets of the union bosses then how on earth is that breaking a company whose income whose income is billions? (In fairness, the National UAW cost for wages is about 90 million for thousands of union workers).
A separate UAW report released last month showed that its membership had declined to its lowest level since World War II. Membership through the end of December fell 3.4 percent to 538,448, a loss of 18,651 members compared with 2005.
The unions are shrinking.
Unfortunately it's very easy for me to see bankruptcy, reorganization and lay-offs coming.
Maybe that's needed to kick the industry in the head to do things differently.