Monday, January 05, 2009

Buyouts Only For The Rich

Tim was a high powered executive for a major automobile company. In September, he was offered a buyout. Tim said "No, I'm not ready to retire." Tim's boss said "Take the money now. There might not be any available a few months from now."

Tim took the money and retired.

Too bad the poor union workers left behind will have no such options.

(This is a true story, told to me yesterday by Tim's wife.)


NYC Educator said...

Bloomberg is discussing buyouts for teachers, too, reported the Post. I wonder if you and I will be hearing the same thing come June.

Pissedoffteacher said...

Only we won't be getting the same kind of buyout Tim got, I can guarantee that.