A cash infusion, then bankruptcy - chicagotribune.com

A cash infusion, then bankruptcy - chicagotribune.com


Boy, talk about been there, done that.

In the not too distant past, I worked for Zenith Electronics (Rauland Division) in Melrose Park, Illinois. They had been bought by LG Electronics (Thank you Former President Clinton for signing NAFTA), who immediately poured nearly $300,000 into a modernization plan to update the existing warehouse for "Doubling Production". Well, that grand plan did not work out so good. Instead of just giving the employees there a One Dollar Raise, they could have saved Millions of dollars a year, and avoided the costly move to Mexico. LG Electronics could not come close to the production those hard working men and women put into that warehouse making television sets for millions of people in this great nation.

Although Zenith did not go into bankruptcy, they did in fact bankrupt hundreds of American workers. Again, thank you NAFTA, Republican Congress, and Former President Clinton. The linked story is just an example of how greed destroys the American Dream. Instead of sharing the profits with dedicated employees, corporate big-wigs think it's better to buy "Golden Toilets", then to give employees a measly dollar raise.

Something is wrong with this picture. Things of this nature should never happen, but they do. Just take a moment to think about the people this greed grab has destroyed. For once, just think about that.