3 ms·
> I think that's a brilliant policy. It forces the unions to have some skin in the game. If you're on the board, you have a fiduciary responsibility to the comp
by cycomanic 5y ago
> I think that's a brilliant policy. It forces the unions to have some skin in the game. If you're on the board, you have a fiduciary responsibility to the company and it's shareholders. In the U.S., most union bosses are happy to bleed a company dry provided the bleed is slow enough for them to make it to retirement (or death in the case of folks with a nice pension).
You mean how shareholders and boardmembers are happy to completely dismantle perfectly functioning companies for a short term stock gain? I would argue workers generally have much more skin in the game than shareholders. Hardly any large shareholder is going to loose their livelihood if a company goes down, workers do.