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View Diary: I am a Safeway worker (139 comments)

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  •  his duty (11+ / 0-)

    And the Safeway CEO undoubtedly believes that it is his duty to the shareholders to hold costs down by denying employees insurance coverage.

    It is his legal duty to the shareholders to maximize profits.  One way of doing that is minimizing costs, and one way of doing that is minimizing the amount the corporation pays for health insurance for the workers.

    I don't mean to give the Safeway CEO a pass on his behavior, I'm just pointing out that this is a structural flaw in the definition of corporations.  Maximizing profits is the only purpose of a corporation, by definition, and CEOs and board members stray from that path at their risk.   (Not that many of them seem tempted.)

    Yes, some corporations have better benefits than others.  But they only do so when they can make the case that it gives them a cost-effective competitive advantage in attracting/retaining workers and/or attracting/retaining customers.

    Despite what so many PR droids want people to believe, corporations don't care about people.  They are unable to and they aren't allowed to.

    "If you want to make peace with your enemy, you have to work with your enemy. Then he becomes your partner." - Nelson Mandela

    by Bearpaw on Fri Mar 02, 2007 at 09:47:50 AM PST

    [ Parent ]

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