[mattmcknight]

Or, alternatively, the unions made some bad decisions and forced management to accept them. It's not the wages, it's the work rules. [1] The US car companies are "paying people to sit home and watch Oprah".

Completely agree on the executive compensation. Maybe the union should be abolished and management and employees should be given enough dividend producing equity to care about the actual profitability of the company. If management and the union drive these companies out of business, I'm paying their stupid pension.

[1] http://www.evolvingexcellence.com/blog/2008/12/its-work-rule...