Local 54 is really making things miserable for AC
Posted: Tue Jun 30, 2015 11:34 am
Laying the blame for Atlantic City's downfall is always a fruitless exercise since there is so much of it to go around. and there clearly were so many factors and things at work......City Officials/Politicians and NJ Gaming officials deserve some blame.....obviously, many of the so-called "Executive Management" of the various casino companies that have come and gone deserve a large share........and of course, the EMPLOYEES and the UNION that represents many AC casino workers (local 54) deserve blame.But as of right now, in the case of the ONGOING saga of the TAJ MAHAL, and the efforts by Carl Icahn to renovate and turn the place around (like he did very successfully with the Tropicana), it is very clear that the Union Local 54 is causing a boatload of headaches and difficulties, and it is entirely possible that, despite Mr. Icahn's best efforts, the Union Local 54 may ultimately cause the turnaround of the TAJ to FAIL and result in the closure of the casino, which, in my own personal case, and opinion, would be a catastrophic blow to AC's long term viability.Has anyone been keeping up with the latest? If not, read here (or visit the website of the TAJ MAHAL on your own):http://www.trumptaj.com/and ESPECIALLY THIS!http://www.trumptaj.com/d/trumptaj/medi ... 92015.pdfI have no doubt that Carl Icahn, as a businessman, i sultimately interested in turning the TAJ into a profitable entity for HIS OWN sake, but I also NOW believe more than I ever have that the man is not nearly as cold or greedy as I once did, but instead he TRULY is going out of his way to TRY and save this decrepit casino and make it into a WIN-WIN solution for all involved!Furthermore, the more I have looked into the leadership.management of the UNION local 54, the more I am aghast at how awful these leaders really are, how selfish they are and how UNCONCERNED they are for the LONG TERM benefit of their very own Union members. At first I did not want to believe this and gave the Union Local 54 leaders the benefit of several doubts......no longer. They are truly being flat out DISHONEST and Fraudulent in their allegations against Icahn, trying to prey on the ignorance and emotions of their own union members!! Their motivation is simple: THEY currently live luxurious lives as the heads of the union, and remember they are not self made business men or even educated MBA types who achieved something on their own merit: Union leadership tends to be former Union members (i.e. they themselves used to be the cooks, waiters, dealers, etc.) Now, after having been ELECTED (or something similar), they are earning Hundreds of thousands of dollars (or more) a year in their positions as Union Leaders. The Healthplan of Union Local 54 is a clear example of the conflict of interest of these union leaders, who obviously derive huge riches from maintaining the status quo for THEMSELVES, without regard to the actual BUSINESS SITUATION.Egad, what a awful situation....but let us HOPE ICAHN exposes them and does not give up on the TAJ.....if he can turn it around like he did Tropicana, the benefit to AC, and even us players who love AC, will be great!