AGG August 27th, 2009 11:59 pm
"Just how gullible are we when we trust that any private company will be forced to keep any benefit plan it chooses not to keep?"
Good question. What makes corporations honor promises (i.e. labor-management contracts)? The courts.
Who has the money to fight all the way to the Supreme Court? The corporations.
Is our current Supreme Court corporate friendly? (Does a wild bear go poo in the woods?)
If a corporation can get away with reneging on a promise in order to make a bigger profit, will they do it? (Does a wild bear go poo in the woods?)
Try this iteration of the same question:
Just how gullible are we when we trust that any private company will be forced to keep any labor-management contract it chooses not to keep?
And don't forget that corporate bankruptcies are games played in courts simply to avoid labor-management contract obligations in everything from pensions to fringe benefits. The judges are "influenced" to rule reduced pensions and benefits. Of course the top execs have long since cashed in.
Believe NOTHING from a corporation in the current judicial system except cash compensation NOW. That's the way the execs operate. The CEOs behave like they can't be trusted. So don't trust them. That big factory or office building with thousands or hundreds of cubicles with computers in them means NOTHING. Wake up!
True, many insurance contracts are not worth the paper they are printed on.
[The above exchange was based on this article.]
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