3 ms·

I guess I didn't mention, but I'm most specifically thinking of unions that have sunk the company in a fight over pension obligations. Union has a choice of red

by ip26 8y ago

I guess I didn't mention, but I'm most specifically thinking of unions that have sunk the company in a fight over pension obligations. Union has a choice of reduced pension payout, or drive the company under & everybody loses their pension as a result. Union, unwilling to reduce pension payout, chooses the latter. Everybody winds up worse off. It almost reminds me of The Scorpion and The Frog

crdoconnor 8y ago
Every time I've heard of this happening it's because the pension fund has been raided beforehand. I guess it's like that "fairness experiment" where monkeys would rather deprive the other side of 8 berries than take 2.