That’s a lot of words absolving union leadership of mismanagement. You can easily diversify accounts, you don’t need 100% of a strike fund in aggressive growth stocks or a savings account, you can have the majority in funds it takes a few weeks to convert to cash. This covers the incredibly rare surprise strike. A healthy strike fund is itself a weapon in a strike.
It’s not like the union should be surprised it’s taking a while, the last strike was also over 100 days. It also has nothing to do with tech companies willing to burn money. Long strikes for the entertainment industry are largely due to the production companies having completed products to make income for the first few months. Union leaders should understand the business they represent and act accordingly, the same rules won’t work for a steel mill and a movie producer.