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Unions are in Troublewritten - 12/28/2005 Management and investors have learned that a corporation’s main focus must be to maximize shareholder value. Unfortunately, unions have not learned this lesson. Unions should be using their voice to express the employee’s vision regarding maximizing the total worth of the company they work for. Instead, unions focus mostly on maximizing their personal benefits in the short term; even if their demands destroy the value of the company they work for in the long run. Many American companies that have a work force controlled by unions are in decline. For example, US airlines and auto manufacturers are on the verge of bankruptcy largely due to pressure from their employee unions. In addition, the recent NYC subway closure illustrated how unions are forcing their employers to over pay for below par work performance. There is nothing inherently wrong with the idea of a worker union, but unions need to focus on helping to maximize the value of the company they work for. Otherwise, those unions or the companies that employ them will soon all be out of business.
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