Earlier quoted context omitted.
Also known as "I support Unions, but only when they don't actually have any power".
So how do you create a union that has the right amount of power? When unions are able to, & do, kill the host company through greed & short-term thinking, something is wrong with the structure.
"So how do you create a CEO and Board that has the right amount of power? When CEO's and Boards are able to, & do, kill the host company through greed & short-term thinking, something is wrong with the structure".
I'd argue that a CEO running a company into the ground for their own selfish, short term gains is far worse than a union ruining a company, because at least when the latter occurs it's because a significant amount of the employees aren't being sufficiently paid, or are being subject to unsafe/inadequate conditions. That is far more important than a CEO getting a bonus.
How many times has this actually happened, and were they even the root cause or would the company have failed for some other reason anyway?