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Reply #9: Same thing destroyed the [View All]

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forgethell Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-16-05 11:33 AM
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9. Same thing destroyed the
old steel industry. The quarterly profit was king. No one looked long-term. The unions, also, played a big part in that they were unwilling to compromise when the money crunch began. Two mills I worked at went down the exact same way. In one of them, the employees had a chance to buy the frigging thing. They dithered around until past the judge's deadline for a decision, then made an offer. It was better than the one from the people that bought the plant, but the judge just said, "Too late."

Greed is not sin of the corporations only. the working man has his share of it.
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