over time wouldnt you think the momentum of the market and the restructuring with help this didnt even go bk and if it does it will hopefully be protection and come out clean look at GGP!
Its about PENSIONS!
The unions executive administrations arn't getting the kind of money that CEO's get.
T. Wicks YRC's new President just got $800,000.00 Bonus on top of his salery!
Hoffa makes chump change compared to that!
Teamsters have no golden parachutes they are elected by members not Boards of Directors.
Elected Terms not Contracts with pay outs, BIG difference there.
Food for thought.
The Company and the Union could give a rats ass about the employees. It's all about "MONEY" and what kind of bs that they can tell people, so as they can get their money. Stop and think about it! They aren't doing this for free. It's just a bs game that they both play to get money, inwhich they need, so as they have a paycheck every week.
It was a Union thing. The Union just wanted the dues to continue to come in until bk. The Union is not dumb, they know what they are doing. They tell people lies, what people want to hear, and if someone asks them, could you put it down on paper, they say "no, we can't do that".
well i understand that he owes the union money so thats why im glad the union fought for them to survive it was better than nothing why let it all fail and give up should we care about the 50,000 employees ?
Alot of investors need to realize, that he still owes the Teamsters Union over a BILLION dollars. That's going to be another problem down the road. What he is going through right now, is just a love tap. Wait for them "Union", once he thinks he has everything under control. This is why I don't invest in companys that have their employees wanting a union. The cost of the unions is staggering, and investors loose money because of the costs that Unions produce to a company. Look at the non union LTL companys that are out here right now. Their doing a hell of alot better then YRC. That's where the investors should be looking at. Right now, it's just investors trying to make a quick buck on people that don't know any better. It will all come to an End "just a matter of time".