It is only through wage freezes and inflation that a union driven wage structure can be eroded and replaced with a merit based structure.
It was largely the function of now-obsolete trade union contracts and corporate structure.
The owners were furious that after months of negotiations the union had changed the financial structure of the revenue splits in their last meeting.
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This is where national governments meet at ministerial and prime ministerial (or presidential) level, and where most of the key decisions about the future structure of the union will be taken.
European Union officials are currently discussing the structure of the forthcoming round of funding.
Warren Buffett told CNBC on Monday that Europe will still have a hard time resolving its fiscal problems because the structure of the European Union makes it difficult to reach consensus, especially on matters related to fiscal policy, or government spending.
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"The structure of economic and monetary union has been left half-built, " Mr Zervos told me.
Amid the heat of battle, Fitch entered the scene announcing it was placing Southern Union on rating watch negative given uncertainty over its future corporate structure.
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While Williams claimed it was providing an 18% premium over the original bidding price, Energy Transfer returned the punch, highlighting the advantages of its MLP (master limited partnership) structure. (Read Energy Transfer Buys Southern Union: The Beauty Of Nat Gas MLPs).
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Many people in the former Soviet Union still believe that to succeed in America you must be given the green light by the existing power structure -- a system all too prevalent throughout Russian history.
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