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question regarding specifically the contract issue...

Posted by znufrii Mar 17 '09, 12:06

why is it okay that we can ask the auto companies and unions to renegotiate their labor contracts, but cannot ask a financial company in which we have a far greater investment to do so in regards to its executives' bonuses?

Responses:

[deleted] 6
- well, last I checked the only reason both the auto industry and AIG aren't in bankruptcy if through the intervention of the US government. - znufrii Mar 17, 12:13 5
  - [deleted] 3
    - okay, that makes sense. - znufrii Mar 17, 12:20 2
      - [deleted] 1
        
        bah! you've just been too blinded from the glare of my Obama doll to notice. -- nm - znufrii Mar 17, 12:30
  - Different bargaining positions. Execs with more options and more short term money on the table might rather take their chances in the job market and - pmb Mar 17, 12:15
We can ask. They aren't obligated. The unions agreed to negotiate so that the company stays out of bankruptcy and saves jobs. They could refuse and - pmb Mar 17, 12:08 3
- well, in the case of the auto industry it was a condition of receiving aid in the first place. Why wasn't it for AIG? -- nm - znufrii Mar 17, 12:15 2
  - Different set of circumstances. - pmb Mar 17, 12:21
  - As I understand it, Dodd specifically exempted these types of bonuses. -- nm - Ender Mar 17, 12:18
*crickets* -- nm - Taur na n�g Mar 17, 12:07

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question regarding specifically the contract issue...

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