"The Unthinkable"? How about "The Inevitable".
The company long synonymous with U.S. industrial might is scrambling to avoid something else once unimaginable: bankruptcy.
posted by ColumbusGuy @ 4:47 PM
Pajama Guy
"You couldn’t have a starker contrast between the multiple layers of checks and balances [at ‘60 Minutes’] and a guy sitting in his living room in his pajamas writing.”
-Jonathan Klein, former CBS Executive
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3 Comments:
Didn't Michael Moore say they should pay the workers a lot more since they could never go bankrupt? Or was that the late John Kenneth Galbraith?
Maybe it was John Maynard "Long Run" Keynes?
I read a column yesterday by someone, I forget who, saying the way to solve immigration problems was to pay higher wages. Wouldn't the immigrants work if their wages were higher?
The controversy regarding bloated corporate salaries can be put to bed overnight by the legislature:
Pass a federal law that sets a ratio of highest to lowest compensation at 20. In other words, if your CEO's entire compensation package including salary bonuses, etc. is $20,000,000 then the lowest ful time employee receives $1,000,000. And set a cap for part time employees at 10% of headcount.
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