Last post on Sep 19, 2006 at 5:21 PM
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#3630 of 3659 Re: Got a question for those... [jacqueusi]
Sep 19, 2006 (9:53 am)
Well if they are spending that much, you'd think they'd have better results than the "so, so" they have now.
#3631 of 3659 Re: JACK WELCH [brightness04]
Sep 19, 2006 (9:56 am)
Jack Welch, wasn't happy enough with the billions that GE, was pulling in. He was always looking for that next dollar saved and would get it no matter who's life he destroyed. The man was a great manager of his buisness, but lacked morales, loyalty, and most important buisness ethics. Mises, would be proud of his greatest student.
Sep 19, 2006 (9:58 am)
when reality hits for those who have gorgeous deals. It came for Enron workers who thought the golden goose was theirs. The Delta pilots and other airlines and their contracts have had to be modified. If GM's going to survive that needs to happen.
The problem is the many levels of managers have their rides and they don't want to let go. No pay cuts, no benefit cuts for them.
#3633 of 3659 Re: . [brightness04]
Sep 19, 2006 (10:00 am)
I have and if they can afford to give hundreds of millions in stock options, then they can afford to pay their union obligations. I'd figure you'd be upset since you and I would of had to front the bill since the tax payers would of had to pay for it. I guess those obligations you don't mind paying because perhaps you look up to them or you think you're one of them ? I guess I don't understand your complex personality based on your previous posts saying quite the opposite.
#3634 of 3659 Re: Got a question for those... [louiswei]
Sep 19, 2006 (10:03 am)
Honda, needs a small turn-around because they still can't understand the fact that 240 hp. in a Truck or SUV isn't good enough. They only get a couple of miles per gallon better than the full-size 315+ hp GMers ?
#3635 of 3659 Re: ford is allowed to hire temps not at full pay!!! [62vetteefp]
Sep 19, 2006 (10:04 am)
Same deal as the GMers and Delphiers have been given.
#3636 of 3659 Re: Got a question for those... [xrunner2]
Sep 19, 2006 (10:06 am)
Honda, could dissapear because of toyota's excellence at doing the same type of work but toyota is doing it better as reflecting in it's auto-sales.
Sep 19, 2006 (10:53 am)
Rocky - GM needs to make drastic cuts to the benefits paid to current retirees and, to a lesser extent, employees. Tinkering around the edges with current employees won't cut it because they only represent a small percentage of the overall GM family.
GM used to employ a God awful number of people who now are consuming a huge amount of resources as retirees. This is the number one problem facing GM.
Did GM under fund its pension - absolutely. It really had no choice given the demands of its workers, its ongoing obligations and its loss of market share. This is just the sad reality of an unrealistic pension structure.
#3639 of 3659 Re: ford is allowed to hire temps not at full pay!!! [rockylee]
Sep 19, 2006 (10:53 am)
NOt sure what you mean Rocky? GM is reducing their workforce with no loss in wages. A very small change in health care but not much else. This is such a win for the union guys. They get out with money in their pockets. Most other companies just tell them to go home and stay there.