Paul Killinger

A Company Is Too Big to Fail? Make It Smaller

I couldn't agree more!

But don't worry. Adam Smith's "Invisible Hand" is already hard at work.
When the smoke (and mirrors) clears, Detroit, the so-called "Money Center" banks, and the entire U.S. economy will be cut down to size appropriately.

The Test of Wills at Boeing

This is another classic example of why "organized" labor always shoots itself in the foot. It would be in the interest of these hard working Americans to work in COOPERATION with their management to achieve their goals. Give a little to get a little, and give themselves more job stability in return for helping their company control costs for stockholders.

But their union leaders, who have their OWN agenda (which is NOT that of the line workers!) won't let them. They promise the rank and file the moon. A few years later, when these bloated contracts inevitably go South, the workers are left holding the bag while their union leaders are still there organizing new dummies to take their place (albeit with lower wages and benefits).

You'd think these otherwise intelligent people would catch on after awhile, but history tells us this is rarely the case. Years later they are left wondering where their jobs, pensions and health care benefits went while their former employer files for bankruptcy (or a government bailout, where the rest of us get to pick up the tab).

The Test of Wills at Boeing

News reports indicate Boeing's striking workers rejected a contract worth in excess of $65K per employee per year. A classic case of Great Expectations on the part of semi-skilled labor looking to pluck yet another Golden Goose. You think they'd learn!