More Pain For Bain / Another 'Guitar Center' Unionizes...

More Pain For Bain
Guitar Center Union Campaign Notches Second Store Victory

Giving a boost to a budding organizing campaign, workers at a Guitar Center store in Chicago voted to join the Retail, Wholesale and Department Store Union on Friday, likely adding another unionized store for the music retailer under Bain Capital ownership.

The union has said it intends to take its campaign to Guitar Centers throughout the country, and RWDSU President Stuart Appelbaum said in a statement Monday that the Chicago vote shows the campaign has staying power.

"[T]his vote in Chicago proves that retail workers are ready and willing to stand up and demand change," Appelbaum said. "Retail workers at Guitar Center nationwide are reaching out to the union because they understand that when they unite and stand together, their voices will be heard."

About time... ANOTHER Guitar Center unionizes... Bain Capital takes it in the shorts again... Hopefully, it will spread to Colorado and other states.

That's too bad considering that numerous large and small public employee pension plans are partly invested in Bain. Looks like some pension funds are going to take it in the shorts again.

Walter L Newton wrote: That's too bad considering that numerous large and small public employee pension plans are partly invested in Bain. Looks like some pension funds are going to take it in the shorts again.

Phoney argument, you could care less about public unions. Private ones have pretty much disappeared.
You don't even believe in public unions from your previous posts.
Phoney!

jmc wrote:

Walter L Newton wrote: That's too bad considering that numerous large and small public employee pension plans are partly invested in Bain. Looks like some pension funds are going to take it in the shorts again.

Phoney argument, you could care less about public unions. Private ones have pretty much disappeared.
You don't even believe in public unions from your previous posts.
Phoney!

It really doesn't matter if I care for public unions or not. My facts are solid. And if you really cared, you would have agreed with me that this will hurt numerous public unions and their pension plans.

Walter L Newton wrote:

jmc wrote:

Walter L Newton wrote: That's too bad considering that numerous large and small public employee pension plans are partly invested in Bain. Looks like some pension funds are going to take it in the shorts again.

Phoney argument, you could care less about public unions. Private ones have pretty much disappeared.
You don't even believe in public unions from your previous posts.
Phoney!

It really doesn't matter if I care for public unions or not. My facts are solid. And if you really cared, you would have agreed with me that this will hurt numerous public unions and their pension plans.

I don't want union funds profiting from this any more than hedge funds or individuals.
Wrong is wrong! Pawn shpos should not profit from thieves either.

I prefer Music Go Round. Better employees.

When one group of employees at one store does this and there are millions of people looking for work, can't the store just fire the union folks and just hire regular free market folks. I know they will have to retrain but this will surely be less than having to negotiate with employees in order to run YOUR company. If any of my employees formed a union, I would just fire them. I don't believe there is any law against this where I employ. If so I could just close and reopen the next day under the same name as a different entity (my old firm will not sue my new firm).

I don't really understand how any unions are not busted up these days, given so many available employees.

Also, these public pensions or anyone that invests in anything knows there is a risk. I think most people realize that most managed retirement plans come with huge risk. I people were really worried about long term retirement risk, we would do something about all the money printing and inflation based taxing going on that ruins savings more than unions.