People who spent their lives working for a company with a mutual understanding of compensation should and deserve what they worked for.
True, to a degree. However, when they, through their unions, negotiate future compensation that simply doesn't add up, then where will it come from?
Believe me, I have a dog in this fight. The State of California "owes" me some pension payments...
If any one problem is to be blamed is that stock holder's who are making for example a dollar will not accept .99 cents even if it means better quality, worker relations more and constant training.
Honda is listed as HMC on the NYSE. Toyota is TM. GM used to be GM.
Are you suggesting that, for some odd reason, the stockholders of GM behave completely differently from the stockholders of Toyota and Honda (even when they're often the same people and institutions)?
I'm not buying it for a second. That's not even a reason, to say nothing of the top reason -- not because stockholders don't do this, but because the same pressure would be applied to all NYSE-listed car companies. If the Japanese manage to operate differently, perhaps it's because they can communicate better with stockholders. Also, Chrysler was taken private. That should have allowed Cerberus to look at the long term -- but Chrysler's quality ratings dropped even more under Cerberus.
Pretty soon we will get are potato's from Japan, not IDAHO!!!
Perhaps we can import some Engrish teachers from Japan, as well -- not to mention Economics teachers, since the notion of the Japanese beating the US in commodity agriculture is about the silliest thing I've heard in a week.
The US economy may rise or fall, but Japanese agricultural exports have no bearing on that.