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Originally Posted by cobra de capell
This has nothing to do with union contracts - those contracts can be re-negotiated based on current and projected events, for example - if paying the contracted wages in the future will bankrupt the company....
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A variety of assinine contracts have been the demise of many companies. Somebody asleep at the tiller or deranged enough to gamble everything that the contract can be busted if need be. Some contracts should never be signed.
I think you might come across as a bit hard on cobra bill this time, CDC.
Try re-reading the above as:
Quote:
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This has nothing to do with salary contracts - those contracts can be re-negotiated based on current and projected events, for example - if paying the contracted bonuses in the future will bankrupt the company....
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Or maybe there really is a divine difference between honoring agreements made to the middleclass as opposed to the upper class.
As observed in:
Leona Helmsley, the cutthroat hotel magnate whose title as the “queen of mean” was sealed during a tax evasion case in which she was quoted as snarling “only little people pay taxes,”
It is true that labor contracts are often re-negotiated every three years while middle management (you?) may reach a compensation agreement one time up front, closer to a yearly basis or even less. Both can either walk out the door or be replaced anytime unless their contract reads otherwise. I can see your point, if that is more along the lines of what you meant, since labor normally holds to extended time periods.
I still say, a deal is a deal, high or low on the totem pole. Nobody should have to work under the guise of false compensation pretenses.
Wes
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