No. of Recommendations: 10
It's quite the read. There aren't a lot of unions who are quite that militantly adversarial these days. It's a real blast from the past. Reminds me of doing business in the UK around the end of the 1970s.
As an aside, I notice that the average rail union employee, including the value of all benefits, is making $160k/year for their day job. Mr Buffett is paid $100k/year plus benefits : )
Yes, he does extremely well as a key player in the ownership class, but notionally that isn't the pay for his day job.
I don't think there is anyone on the planet who is worth more than $3m/year for their day job efforts, but not many managers agree with me. In theory, at least, shareholders can vote.
"It is useless to argue with a man whose opinion is based upon a personal or pecuniary interest; the only way to deal with him is to outvote him." --William Jennings Bryan, 1893.
Jim
No. of Recommendations: 2
India's railway workers are paid almost 1/10th the wages of American railway workers ... How can we explain this wage gap through anything other than American worker greed?
Well, obviously the solution is for India's railway workers to get greedy. Problem solved.
