3.18.2009

Business collapse can end union contracts, but not AIG bonus contracts

When psychopaths make the laws, this is what you get: screwed. Nice to see people noticing. - Ed.

by Chris Steller

Contracts guaranteeing bonuses to executives at collapsing businesses — like American International Group (AIG) — are held inviolable, while labor union contracts regularly get voided or reneged-on when corporations declare (or even threaten) bankruptcy. Labor experts say it’s the law of the land.

Read more @ The Minnesota Independent

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