Wednesday, May 03, 2006

Magna and the Unions

It’s not getting a lot of media attention but Magna International chairman Frank Stronach is holding discussions with major unions.

For Magna, which is a non-union business, this is quite a major development.

According to press reports, Stronach told a recent Magna meeting that “unions fulfill a very important role” and they balance the naked profit motive of corporations and promote social justice and fairness.

Bet the shareholders just loved that kind of talk.

I wonder why Stronach is suddenly so enamored with unions?

Could it have something to do with the fact that union boss Buzz Hargrove was in Aurora during the last election campaigning for his daughter Belinda?

Nah, that’s just a coincidence I’m sure.

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