[lbo-talk] Junkyard dog hits Motown

Doug Henwood dhenwood at panix.com
Wed May 16 08:08:40 PDT 2007


On May 16, 2007, at 10:01 AM, Wojtek Sokolowski wrote:


> But if you want out of
> the box thinking - why did not the union buy the share of the
> damned thing?
> It was sold cheaply.

Yup, but I'm not sure if they could get the financing. Anyone with money to invest would assume that wages and benefits have to be slashed, and who'd trust a union to do that? A union might do that, but financiers don't know that.

Doug



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