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by Meph504
1969 days ago
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Do you suppose that the union will raise the funds to aquire 25% or that the workers would take a pay cut to offset this? Or should a business owner give up a quarter of their company just so that the employees do the jobs they are compensated for? And ownership can easily present a conflict of interest even when spread out. So now 25% compensation is based on this buy in, if a business unit is doing poorly and has brought down that compensation, the company wants to shit can the business unit and its employees, the members of the union would not be directly working against their own interest fight to keep them. (this is always the case really, but now it is directly felt by the members) |
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Unless I'm seriously misunderstanding you, what you're calling a "conflict of interest" is literally my entire point.
It is a good thing that the union has an incentive to balance the interests of workers with the interests of the overall company.
If the company needs to cut jobs to be competitive, it is a good thing that the union has a stake in both sides of the issue. That way they will be incentivized to work towards a solution that is fair to the workers, and profitable for investors.
It's the exact situation we all face every day. I like the taste of donuts. I know that if I eat them all the time, I'll get fat. Because my stomach and brain have a "conflict of interest", I make choices that balance short term and long term pleasure. If every donut I made got somebody else fat, then they would be in trouble, because I might like the taste of donuts more than I care about their health.