There's a different breed of traders on Wall St today. They don't own homes. They don't see the value in physical things. They're all about software and VR. So sad.
Verizon union workers worked 72 hour shifts to get the network up and working again.
A fair contract is not much to ask. Trust me....you don't want replacement workers in a
Mark is doing a great job. The company is firing on all cylinders because of his leadership. Those who want to challange the split - remember this. If Steve Jobs had this share structure in place, he would have never been voted out of Apple. Fast forward years later, and they were begging him to come back to correct their stupid mistakes. Leave Mark Zuc. alone - let him run the ship. My 2 cents
In other words....it's a self imposed furlough with some shouting, bells and whitles thrown in for good measure.
It's all staged between the Union and Verizon management. You guys stay for strike for x amount of days, saving Verizon y amount of dollars. Union can then return to work and claim victory and workers (those who are unaware of the okidoke) can thump their chest and claim victory over the company....not knowing that they've just paid for their own benefits from their lost wages and benifits during the strike. Every 3/4 years....wash, rinse and repeat.
Thanks in advance.
Doesn't make a difference to me. The people who are selling now are not long term investors but short term traders.