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United Automobile Workers of America (UAW)

16701 messages,  Last post on Nov 20, 2009 at 3:39 AM

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#5370 of 16701
Re: Back in the good days when the UAW was strong [dallasdude1] by cooterbfd
Nov 23, 2008 (7:14 am)
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Replying to: dallasdude1 (Nov 22, 2008 11:16 pm)

"....Stock options are a good thing. Let say that the stock price is $10 a share at the beginning of the year and the CEO manages to increase the value to $100 at the end of the year. He buys all the shares he was allowed at $10 at years end and profits $90 a share and all of the shareholders stock has risen to $100 and that incentive was well worth it. However, if the stock was worth $5 a share at year end, that CEO would not exercise the stock options"
 
Problem is, and this goes along with your previous post, if the stock drops to $5, the the board says "Awwww you poor thing, we'll rework your stock option so the price is $1 per share, and double the number of shares you can buy." Then he cashes in at essentially an $8 profit, before getting the boot with more millions in severence. And if that isn't enough of a kick in the family jewels to the hard working employees whose paltry 100 share option for $10 is still worthless, he now has a couple million votes to keep perpetuating this nonsense.
 
And it's all legal
#5371 of 16701
Here's a pic of an old Mopar by iluvmysephia1
Nov 23, 2008 (8:29 am)
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product that moves me. A 1969 Dodge Super Bee, no doubt built by UAW labor, back when Detroit's stuff really got my motor running.
 

 
I bought this model two days ago from a man running the Worldwide Hobby Shop in downtown Willcox, Arizona, my home town. He recently moved to a new location downtown, paring his inventory down to a very small amount of merchandise. He is also doing computer IT help work on an outcall basis and tells me that the calls for help are slowing down to an unprecedented level, because of the economy.
 
I'm going to paint this one Transparent Candy Apple Red with a grey carbon fibre hood. Putting together models like this are a slow labor of love for me.
#5372 of 16701
Re: Obama says, Automakers not part of Crisis??? [gagrice] by dallasdude1
Nov 23, 2008 (8:47 am)
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Replying to: gagrice (Nov 23, 2008 6:10 am)

Obama says he will spend a lot of money on the infrastructure such as roads & bridges. I would like to see FDR, CCC and WPA type programs. UAW workers that need a job, sign up to work on bridges and roads. You get 3 square meals and a roof or tent over your head. During the 1930s thousands accepted hard work over starvation. Will today's workers have what it takes to survive a real depression?
 
Sounds like Japan not too long ago. It took 9 or 10 years to recover and 70% of stock market value was wiped out.
 
http://switchboard.nrdc.org/blogs/astevenson/credit_crisis_101_building_bri.html-
#5373 of 16701
Re: Back in the good days when the UAW was strong [cooterbfd] by dallasdude1
Nov 23, 2008 (9:22 am)
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Replying to: cooterbfd (Nov 23, 2008 7:14 am)

Problem is, and this goes along with your previous post, if the stock drops to $5, the the board says "Awwww you poor thing, we'll rework your stock option so the price is $1 per share, and double the number of shares you can buy." Then he cashes in at essentially an $8 profit, before getting the boot with more millions in severence. And if that isn't enough of a kick in the family jewels to the hard working employees whose paltry 100 share option for $10 is still worthless, he now has a couple million votes to keep perpetuating this nonsense.
 
I hope you know that is illegal. The buying and selling by officers is reported (in clear print at each brokerage for all to see) and the SEC demand this by law. INTENT TO SELL OR INTENT TO BUY IS FILED and not insider information. Besides, those others on the board of directors are more than likely share holders and they have lost money. Losing money is considered serious business. Just name one case where the original stock options were rewritten. The golden chute is one thing and stock option are another.
#5374 of 16701
Re: Here's a pic of an old Mopar [iluvmysephia1] by dallasdude1
Nov 23, 2008 (9:30 am)
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Replying to: iluvmysephia1 (Nov 23, 2008 8:29 am)

Last time I did one, an SS 396, it got stolen off the church parking lot. I had hell just getting about $15,000 from the insurance company. That only covered parts and no labor whatsoever. I did enjoy it for about 3 months.
#5375 of 16701
dallasdude... by iluvmysephia1
Nov 23, 2008 (9:58 am)
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wait a minute, dude, this '69 Dodge Superbee is a plastic Revell model. You're talking about a real SS 396 that was stolen, right?
#5376 of 16701
Re: Back in the good days when the UAW was strong [dallasdude1] by cooterbfd
Nov 23, 2008 (9:59 am)
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Replying to: dallasdude1 (Nov 23, 2008 9:22 am)

It should be illegal. I just assume that contracts get rewritten and they "cancel" one option and offer up another. It just seems that all boards of directors are professionally incestuous.
#5377 of 16701
Re: Back in the good days when the UAW was strong [cooterbfd] by dallasdude1
Nov 23, 2008 (1:01 pm)
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Replying to: cooterbfd (Nov 23, 2008 9:59 am)

professionally incestuous
 
Valid point, many CEO's introduce their wives as cousinauntniecegrandmother. Not many branches on them family trees.
#5378 of 16701
Re: dallasdude... [iluvmysephia1] by dallasdude1
Nov 23, 2008 (1:18 pm)
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Replying to: iluvmysephia1 (Nov 23, 2008 9:58 am)

That reminds me. The other day I was talking to this young kid. He was a smart PHD who was going on about this missile. I thought it was a model in his hands. I was no more than two inches in diameter and a foot or so long. That was the missile, its full size and he went on telling me about miniaturizing all the components.
 
Then I saw the joint venture were airless tires were developed for the MULE. They will in no time be out for the general public, that is the non pneumatic tires.
#5379 of 16701
Re: dallasdude... [dallasdude1] by cooterbfd
Nov 23, 2008 (1:24 pm)
Reply

Replying to: dallasdude1 (Nov 23, 2008 1:18 pm)

"..... that is the non pneumatic tires."
 
Hmmm. The more things change, the more they stay the same.

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