Fw: Class struggle in Seattle

David Hill spies_ at hotmail.com
Wed Mar 28 10:04:20 PST 2001


----- Original Message ----- From: "Roger Baker" <rcbaker at eden.infohwy.com> To: <post-grns-usa-forum at greens.org> Sent: Wednesday, March 28, 2001 12:00 PM Subject: Class struggle in Seattle

> The following is the introduction to an interesting piece on Seattle

> labor relations that may be be found complete at:

>

> http://www.billparish.com/20010322boeingandmsft.html

>

>

> *************************************

>

>

> Back to Parish & Company Home Page March 22, 2001 6:00 am Eastern Time

>

> Copyrighted. This material may not be used without written permission.

>

> SOURCE: Parish & Company

>

> Microsoft Financial Pyramid Costs Seattle Its Largest Employer, the

> Boeing Corporation, and Destabilizes Government Tax Revenues

>

> This week the Boeing Corporation stunned the Seattle community by

> announcing that it would move its corporate headquarters to another

> state. Boeing's stated goal is to reduce costs or, more importantly,

> contain future costs. Generally this is a sound business decision yet

> Parish & Company believes that Boeing made this decision due to an

> inability to compete for capital with a financial pyramid scheme at

> the Microsoft Corporation.

>

> Microsoft has indeed erected a financial pyramid that has

> destabilized the global economy, is now destabilizing the U.S. stock

> market and could indeed destabilize the overall U.S. economy, as

> evidenced by Boeing's actions. The link to this copyrighted report

> provides background information on the specifics of this scheme.

> http://www.billparish.com/msftfraudfacts.html

> How the Microsoft Financial Pyramid Scheme Impacts the Boeing Corporation

> Boeing is a cost intensive highly unionized organization and its

> workers in the Seattle area are falling behind due to wage increases

> not keeping up with the area's true inflation rate. This has

> resulted in intense labor conflicts with management. In the last

> bargaining session management asked that workers accept more wages in

> stock options rather than cash wages yet this is a tough sell to

> Boeing's workers. Management is clearly attempting to join a pyramid

> scheme initiated by Microsoft yet being denied access by its workers

> who want real cash wages.

>

> Further complicating the negotiating process is that wage increases

> at Boeing are heavily influenced by government wage inflation rates

> yet these official wage inflation rates for the Seattle/Tacoma area

> do not include stock option wages. Such stock option wages in some

> years have accounted for almost 75 percent of total compensation at

> the Microsoft Corporation. After being converted to cash, these

> stock option gains have been deployed to dramatically increase the

> cost of housing, goods and services in the area. As a result, Boeing

> and all other workers with collective bargaining agreements

> influenced by wage inflation statistics, in particular teachers and

> nurses, are losing ground to what Parish & Company calls "false

> inflation."...

>

>

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