Sunday, April 30, 2006

"The Unthinkable"? How about "The Inevitable".

The company long synonymous with U.S. industrial might is scrambling to avoid something else once unimaginable: bankruptcy.

3 Comments:

Anonymous Anonymous said...

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?

5:23 PM, April 30, 2006  
Blogger ColumbusGuy said...

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?

3:51 AM, May 01, 2006  
Anonymous Anonymous said...

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.

7:30 AM, January 18, 2009  

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