Union-Busters Want GM To File Bankruptcy
By: Jane Hamsher Thursday November 13, 2008 7:00 am
Let's call it what it is:
Not everyone agrees that a Chapter 11 filing by G.M. would be the disaster that many fear. Some experts note that while bankruptcy would be painful, it may be preferable to a government bailout that may only delay, at considerable cost, the wrenching but necessary steps G.M. needs to take to become a stronger, leaner company.
Although G.M.'s labor contracts would be at risk of termination in a bankruptcy, setting up a potential confrontation with its unions, the company says its pension obligations are largely financed for its 479,000 retirees and their spouses.
http://www.nytimes.com/2008/11/13/business/economy/13bankruptcy.htmlThis is about union busting, pure and simple.
No mention made about Rick Wagoner giving back the $2.2 million salary he pulled down in 2008 for driving GM into the ground.
http://firedoglake.com/2008/11/13/union-busters-want-gm-to-file-bankruptcy/