Quote:
Originally Posted by SteveEisenberg
There are some secrets that I think should be kept secret, like, say, the name of an spy who would be killed if exposed, or a how-to on chemical weapons, or a list of employees seeing a psychiatrist. But the details of a commercial financial negotiation hardly rise to that level. I can't imagine what public benefit occurs when, say, News Corp. (owns HarperCollins) knows legitimate business news and keeps it secret. Maybe such openness would means fewer mergers and acquisitions, but since they often cost jobs, so what?
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When I took a labor negotiations class I was told that publishing the terms of your offer was considered an unfair labor practice. I never got a decent answer why. (I was also told that you *never* start out with a fair offer. I never got an explanation I thought ethical to that one either.) Of course unfair labor negotiations are illegal-I doubt if unfair commercial negotiations are.