Whipped butter is a strange thing. Doesn’t really have enough consistency to be absorbed into the toast in the correct manner and therefore makes for a disappointing breakfast experience. But that is not the issue. It was, however, over breakfast that I was reading in the Toronto Globe and Mail that Chrysler’s bankruptcy protection plan will leave the United Auto Workers Union as the majority shareholder (the union has purchased 55% of companies shares). The union however doesn’t see this as a good thing and analyists predict that it will sell the shares once the government loans have been repaid.
I’m interested in this. I would have thought that a stake in the company’s future would be a good thing for a work force. As long as it stays profitable of course and part of that could be down to the unions behaviour itself- welcome to the wonderful world of self employment. Or is worker ownership too socialist an idea for North Americans to stomach? Or is it an indication the even the car workers union recognize the age of the big gas guzzler (which was Chrysler’s forte) is over, or even that we at the end of the petro-chemical age, and they are desperate not to own part of what is going to be a big money loser, in which case why bother using/wasting union funds prolonging the inevitable?
Contact your local elected officials - for free
by Jericoa
04 May 2009 at 18:25
I am travelling for acouple of days with work and likely to be very busy so i wont be around much for the next few days. i will use the time to consider what we can do next for some debate.
by John Bray
04 May 2009 at 20:59
But whipped butter does melt nicely onto hot pancakes and blends well with the maple syrup. Though you are correct – this is not really the issue. Petrol is running out so you’d have to be crazy to invest in the auto industry.
by Alexander Curzon
07 May 2009 at 21:53
A little Russian medicine PERHAPS??