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.)
2 comments:
Bloomberg is discussing buyouts for teachers, too, reported the Post. I wonder if you and I will be hearing the same thing come June.
Only we won't be getting the same kind of buyout Tim got, I can guarantee that.
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