April 02, 2004

Union Made - Rustbelt USA. Fortune magazine on The Sinking of Bethlehem Steel (subscription required for the juice of the article). Bottom Line: corporate bosses let unions bankrupt the company through wage, health and retirement obligations, which far outstripped inflation. These same corporate bosses also looted the company, with the highest wage and benefit packages in corporate America. A sad case of America at its very worst. Posted by Greg Ransom | TrackBack