Well, actually, what % of their pay will they keep in the unemployment benefits that we will now be paying them for two years?
Oh I do. You just seem to think that when groups of "people" make a decision, that they are necessarily making a wise or a good one. This has not been my experience with groups of "people."They voted overwhelmingly against it. Unions are people, please at least try to remember that.
[/quote]There may be a glitch in Silver point's plan though. A bankruptcy judge will need to approve any liquidation. I hope those books are gone over with a fine tooth comb.
Meanwhile peruse their website, They are a " registered investment adviser focused on credit and special situations investments."
Good for them. I am sorry that the Bakers Union was more stubborn than the Teamsters, and got all the Teamsters fired, as well as losing their investment. I wish them greater success in the future, and they will probably avoid trying to help unionized firms because of this.
Unions have become their own worst enemy in this country. When you kill off the host, you die too.