May 12
One example of what happens to a company’s stock after unionization.
How? Just have Wal-Mart employees elect to be unionized. Studies show that immediately following union elections, market capitalization of the company’s affected drops by 10%. With Wal-Mart currently market capped at around $200 billion, that means $20 billion dollars. Yippee! Let’s do it!
How about you work on that, while I scout out some other really bad ideas? Deal!
H/T: Freakonomics and Carpe Diem