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After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down
(www.nytimes.com)
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this post was submitted on 30 Jul 2023
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If someone gave me 700mil, I'd probably retire too.
But the important thing is the executives got paid, right?!
That’s right. People are missing the fact that Yellow was sucked dry by the do-nothing non-working parasite shareholders like 5 years ago. They begged the union for a “temporary” salary cut of 15% across the board AND a 75% cut in pension funding. It was made permanent by the company unilaterally while the suits further enriched the people with still too firmly attached heads. They also never restored health insurance funding which was another “temporary” concession.
The rich need to learn to be mortally afraid of the workers again.
They are too busy being outraged by the threat of the day.
You need to remember the more important priorities, like whatever random politician said something really, really mean today.