Most union workers don't want their employment to end. Why would they want to destroy the company this way?
Most large company CEOs can retire on the wealth they've already accumulated. Why should we assume they have higher long-term interest in the success of the company?
What is an example of union-led automaker? Perhaps some small cooperatively-owned car company somewhere? Or do you mean worker representation on the board, like at BMW in Germany, or how there was once a union seat on Chrysler's board?
What happens if a global investment company buys another company, stops all R&D to focus on short-term gain, runs the company into the ground, sells what's left, and makes an overall profit?
What happens then?
Oh, right, what happens is the investment company owners make a lot of money and the ex-employees get screwed. "Vulture capital" doesn't get that name out of love, and my life was negatively affected when KKR did a leveraged buyout of the non-union company where my father worked.
Most union workers don't want their employment to end. Why would they want to destroy the company this way?
Most large company CEOs can retire on the wealth they've already accumulated. Why should we assume they have higher long-term interest in the success of the company?
What is an example of union-led automaker? Perhaps some small cooperatively-owned car company somewhere? Or do you mean worker representation on the board, like at BMW in Germany, or how there was once a union seat on Chrysler's board?
What happens if a global investment company buys another company, stops all R&D to focus on short-term gain, runs the company into the ground, sells what's left, and makes an overall profit?
What happens then?
Oh, right, what happens is the investment company owners make a lot of money and the ex-employees get screwed. "Vulture capital" doesn't get that name out of love, and my life was negatively affected when KKR did a leveraged buyout of the non-union company where my father worked.