Problem

You are responsible for labor relations in your company. During heated labor negotiations,...

You are responsible for labor relations in your company. During heated labor negotiations, the General Secretary of your largest union exclaims, "Look, this company has $15 billion in assets, $7.5 billion in equity, and made a profit last year of $300 million—due largely, I might add, to the effort of union employees. So don’t tell me you can’t afford our wage demands." How would you reply?

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Solutions For Problems in Chapter 1