Small Shareholder speaks out against RWDSU
You have got to be kidding me! After over 3 months of striking and throwing leaflets around and gathering letters from New York State Congressman and so on.... They finally get a sit down with Dr. Pepper Snapple Group (DPS) and DPS offers them the same $21 a hour wage + keep most of their benefits in tact...albeit the 401K does take a cut to 2 percent matching.
And the RWDSU's response? After pretty much getting everything they wanted? Their response is that they would rather be unemployed! They said no to this contract deal! unthinkable.
Bottom line is that we have a 9.6% unemployment rate and the leadership of RWDSU and its members would rather choose unemployment rather than a $21 an hour pay check with some
401K matching + health care benefits.
If RWDSU is so interested in giving up their jobs so that others unemployed can have them then I guess that is more like CHARITY than anything else.
This is why Shareholders tend not to like unions.... If there is no union within a business then the business can better respond to the economic realities which go above and beyond past profits and revenue... Does RWDSU not care what the impact to the OBAMACARE bill may be having on Dr. Pepper Snapple Group? Or the Financial Regulation Bill's impact? Or the impact of tax hikes on the wealthy and on small businesses coming in January?
There is an awful lot of headwinds in front of companies like DPS and to sit there and ignore all that thinking that past profit performance is all that one needs to look at..... well....no..... Businesses have to account for the FUTURE.... Any good CFO has to weigh Federal Government Policies and determine years out into the future what their expenses will look like.
I am willing to bet this never would have happened if we didn't have Barack Obama as President of the United States pushing uncertainty onto the Balance Sheets of Companies of the United States of America.
BOTTOM LINE: RWDSU Unions voted themselves out of a job. Just as America did in 2008.