bubbadog121
TB Veteran
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I have been thinking about our situation with Yrc and the concessions.
It seems management went on that "Spending spree with the equivalent of the company credit card"
And we, the employees, are left paying the bill.
What if they want to go buy ABF? They can't get the credit, so, how are they going to raise funds? Another concession!
They just get their employees to cough up $100 million to help with financing.
We are the working class the group of people that can least afford concessions and high taxes, and yet, they keep tapping that resource because we are great in number...a little here and a little there......it all adds up!
Maybe someone can help me develop my thought on this?
$5000.00x23,000 employees =$115,000,000.00
How much will ABF sell for?
I am reminded of the movie with Danny DeVito OPM...Other Peoples Money.....Except, it isn't, it's ours!
It seems management went on that "Spending spree with the equivalent of the company credit card"
And we, the employees, are left paying the bill.
What if they want to go buy ABF? They can't get the credit, so, how are they going to raise funds? Another concession!
They just get their employees to cough up $100 million to help with financing.
We are the working class the group of people that can least afford concessions and high taxes, and yet, they keep tapping that resource because we are great in number...a little here and a little there......it all adds up!
Maybe someone can help me develop my thought on this?
$5000.00x23,000 employees =$115,000,000.00
How much will ABF sell for?
I am reminded of the movie with Danny DeVito OPM...Other Peoples Money.....Except, it isn't, it's ours!