Charter/Spectrum is already a bloated cable behemoth building toward monopoly. Now it wants to crush the union.
By Bob Hennelly
An ongoing strike by 1,800 members of the International Brotherhood of Electrical Workers (IBEW) Local 3 in
New York, against the cable giant Charter/Spectrum, could well
determine whether the American labor movement has a fighting chance for a
revival. The strike has gone on for almost six months, and many of the
union families face foreclosure or eviction. For decades, these workers
worked with the company’s corporate predecessors, made a living wage,
had decent benefits, sent kids to college and made profits for their
employer.
But Charter/Spectrum is not your cable company of
yesteryear. These striking workers are up against a multibillion-dollar
behemoth that approaches being a 21st-century version of the
Rockefeller Standard Oil Trust of
the 19th century. How it got so big so fast is another example of our
“regulators” — and too many of our elected officials — falling captive
to whatever big capital requires to get bigger, no matter what the
collateral damage. A couple of thousand New York-area families is
nothing to this crew. It has grand designs on global domination. Just
check out Charter/Spectrum’s board.
Charter/Spectrum is the nation’s fastest growing
cable provider, and the second-largest, serving 25 million households
spread out across 41 states. In New York City, it also owns NY1, the
city’s dominant 24/7 cable news outlet. The architect of
Charter/Spectrum's meteoric ascendancy from bankruptcy,
in 2009, to near national monopoly in many parts of the country, is Tom
Rutledge, a cable executive who lives in Connecticut. Last year, he was
awarded $100 million in compensation, mostly in stock options, which
could make him (depending on which list you prefer) the highest-paid CEO in the United States.
Click here for the full article.
Source: Salon.com (via The Empire Report)
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Related story: Cuomo Exhorts Strikers But Won’t Broker Deal
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