The Professor's Notes

Where my thoughts and your eyes (and now ears!) collide

An Open Letter to UE Local 1110

Posted by Steve Brady On December - 11 - 20082 COMMENTS

I was using stumble! and it took me to a website that asked us to support the Union in their fight.  Even provided the words.  I chose to go a different route.  Here is my email to them (sent using their website.)

Dear UE Local 1110 Members,

I empathize with your plight, I really do. But I wonder if you thought through all of this.

The company, your company, just didn’t have the money. They couldn’t pay you. As they say, you can’t get blood from a turnip. They were unable to secure the loan that would be necessary to keep their business going, and to pay you.

They really had no choice. They had to close.

Bank of America determined that a company that only had 3 days of reserves was not a good candidate for a loan. They chose not to “throw good money after bad” and denied the loan request.

In response, you… sat down?

As a result, BoA has now given a “loan” to your company. A loan that they will most likely use to give you what you have demanded, and then they will in all likelihood still close. Just after 60 days.

So you won. You have forced BoA to give a loan to a company that by every indication has no intention of paying it back. A company that in all likelihood will be declaring bankruptcy in less than 60 days.

Assuming that the BoA “bailout” was used to fund this, all you have done is take money from your fellow tax-payers (and presumably yourselves, once you regain employment.)

So where, again, was the victory here?

2 Responses to “An Open Letter to UE Local 1110”

  1. Steve Brady says:

    Perhaps, but I am one that is willing to put my name and email address to my opinions. Being from Fowler, Michigan, you should know the importance of being up front, and honest about who you are…

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    Many have asked, so let me tell you: I am a professor. BA, Political Science MPA (Master’s of Public Administration) MS Logistics Management PhD Business Administration (Business Logistics, supporting field Industrial Engineering) I have a strong professional interest in Collaborative Supply Chain Management, RFID in the Supply Chain (EPC), and Research Methods. I have a strong personal interest in political issues, and military affairs having retired from the US Air Force after 20 years.

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