Thursday, December 17, 2009

You could ask Unite that question with regard to their involvement with British Airways.

People have fundamental rights. People have rights as employees. People have rights even when they are self employed. Companies have obligations to more than just shareholders, whether they like it or not. When boards of directors choose to ignore various of their more subtle corporate obligations and begin to abuse the rights of individuals involved with the company's activities at any level, unscrupulous and unsustainable business practices will emerge and flourish.

Adopting short term strategies designed to efficiently maximise company profit, shareholder return and board bonuses jeopardises the livelihoods of thousands and puts the long term stability of the company on the line.

Pubcos have been behaving like there's no tomorrow; yet it arrived with a bang - and has bitten them hard.

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