Don't get me wrong. I think management is as much to blame.
I wonder if management at the Big Three would make more headway if they said: "We will cut executive compensation by 50% if the union makes the following concessions..."
Ironically, my Fact-A-Day calendar has the following entry today:
Quote:
What pay ceiling did financier J.P. Morgan believe should be set for a company's top manager?
A: No more than 20 times the pay of the company's average hourly worker.
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