- A union's demands from a company on behalf of its workers can't be a bluff if it advises those workers to find other employment rather than accept the status quo.
- Those demands can't be frivolous if the union is willing for their workers to lose pay or even jobs fighting for them.
- An executive's pay can't be based on the productivity or profitability of their company if they get a bonus when the company goes into bankruptcy.
- Executive compensation is meant to reward accomplishment.
So, since the only thing that these executives do seem to have accomplished was capping workers wages, is it possible that this in and of itself is worthy of compensation? Has our free enterprise system become so twisted that managerial talent is focused: not on creating more and better products, selling more of them to more customers; but rather on reducing labor costs so as to funnel a greater share of profits from current sales to shareholders?
Free enterprise is not inherently good or bad. It can serve the greater good or the cynical desires of a crafty elite. I think the latter prevailed in this instance.