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Automotive News & Views United Automobile Workers of America (UAW)
16705 messages, Last post on Nov 25, 2009 at 6:56 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: marsha7 (Dec 02, 2008 6:41 pm) But is that the biggest reason?? How many young buyers out there are "2nd generation" import buyers, meaning they, now in their mid 20's, just go out and buy what their parents have been buying for years, or the tuner crowd. I also have another theory. A shift in immigration from Europe to Asia/ S. America. Years back, immigrants seemed to want to embrace EVERYTHING American, and that included buying American cars. Now, I see them demanding we speak THEIR language, embracing THEIR culture, and driving what they drove back home. I do agree with your premise, but is it now the biggest reason. We have a saying in our Bocce league: "Crumbs make bread". SO I think that there is alot of issues that conspire in the downturn in the Big 3 (More choices than ever before is another).
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Replying to: cooterbfd (Dec 02, 2008 6:28 pm) I wax my car weekly too. Use RainX on the windows. Condition/clean the interior. This is my 2001 Catera, 2002 Camaro, and soon I'll be doing the CTS. Each car takes 2 hours. I just like clean cars and when it does rain, less stuff sticks to them. Most people think they are newer than they are. When I have extra time I tend to take things/cars apart to kill time. My oldest has an 2002 Camaro too and its dirty most of the time, much like his dorm room. My youngest has a CTS too and I'm going to educate him before he goes off to college. My home is lean, clean, clutter free, and I'm getting more minimalist. It exudes positive energy with its colors, no white walls. I still have a ways to go, as I always have more brilliant ideas. Well I steal some ideas too. |
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Replying to: fintail (Dec 02, 2008 10:42 am) No doubt that some CEO salaries are overpaid based on their performance. Whose fault is that? The CEO's? What's he supposed to do, turn down the salary offer? If he signed an employment contract that called for severance, is he supposed to waive that? In our relatively free market, you're worth what someone is willing to pay you. You may think it's too much, unfair, undeserved, immoral or whatever inflammatory adjective you want to use, but it's none of your business unless you're a stockholder of the company. And in that case your options are to vote against the board that agreed to pay that salary or sell your stock. Otherwise, mind your own business - I've got no more right to tell you how much you should get paid than you do to tell me how much I should get paid. Unfortunately, the rule that you're worth what someone is willing to pay you doesn't apply to union work. In that case, your pay is unrelated to the value you bring to the table; instead, it's dependent on how much seniority you have and the contract the union signed with the company. At the end of the day, how you perform your job is virtually irrelevant.
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Replying to: cooterbfd (Dec 02, 2008 6:56 pm)  "At tomorrow’s UAW meeting in Detroit, union officials will be asked to reopen a 2007 labor agreement, said one person familiar with the forum, who asked not be named because it’s private. The union needs to agree to eliminate the so-called jobs bank program that pays laid off workers as much as 95 percent of their base pay, said Erich Merkle, an automotive analyst with Crowe Horwath LLP in Grand Rapids, Michigan." U.S. Automakers, UAW to ‘Genuflect’ to Split Congress (Bloomberg)
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Replying to: avatexrs1 (Dec 02, 2008 8:01 pm) There's no such thing as a free market, it is all a variation of socialism. I'll mind whichever business I choose. If you don't like it, you are more than free to try to do something about it - oh yeah, you have no recourse, so tone down your own inflammatory whine and simply ignore anyone who dares to complain about the segment of society that is doing more damage than any other. By your logic, I can simply go buy a single share of any company with a CEO I wish to complain about, and then rant away. Sorry, the real world doesn't work that way. You aren't one of these overpaid irresponsible cowardly sucks, so you have no reason to be offended. And in the off chance you are one of them...well, class warfare is going to be a harsh reality thanks to the economic realities being produced by the irresponsible top 1%....so beware. "At the end of the day, how you perform your job is virtually irrelevant." The EXACT same ideal applies to the world of corporate executives. It's as much a problem in militant unions as it is in the incestuous and clueless ranks of executive management and corporate cronies.
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Replying to: steve_ (Dec 02, 2008 8:08 pm) When he says cut debt he means strong arm the lender into forgiving some of the $66 billion GM owes. All that will do is leave a void in some banking institution for US to bail out. So the GM bailout as it stands could be more than $80 billion.
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Replying to: fintail (Dec 02, 2008 8:17 pm) If I were a director of GM, I'd try to have Waggoner fired for cause to avoid paying any severance. But you're right that most public company directors are in the pocket of the CEO to a large degree and rarely (if ever) never stand up to him. But I get pissed off when class warfare is stirred up against all CEOs simply because they make a ton of money. If a CEO increases a company's market cap by billions of dollars and makes a hundreds of long term stockholders millionaires, paying him a couple hundred million in stock options is a bargain. And as for public sector union workers, their unfunded pension liabilities makes the UAW pensions look golden by comparison. I've read that paying for the total pension liabilities at all levels of government may turn out to be worse than social security and Medicare combined.
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Replying to: bumpy (Dec 02, 2008 7:27 am) Yep, that's me!!! I came to the US in '84 fully wanting to drive a US car! I bought a '79 4cyl Pontiac Sunbird. Clean, mechanically as sound as it gets... What a POS that car was! Radiator leaked, brakes failed, rough engine (iron Duke), truck trans, poor ride, poor handling... There was an '86 Sprint and an '84 VW Diesel in between. Later I got a '91 Continental... 'nuff said!!! I now have 4 Hondas, a '91 Accord, a '99 Ody, an '05 CR-V, and an '07 Element! No BS with any of them. I cannot wear out the Accord!!! NEVER AGAIN!!!
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Replying to: fintail (Dec 02, 2008 8:17 pm) Indeed correct. Even voting stock one owns in companies has No effect--not even if all the individual owners vote that stock on issues put up for vote for the annual meeting, e.g. The banks, mutual funds, hedge funds, etc., who hold stock have the majority of votes and control the direction of the vote. And because they themselves are big business they have allowed the higher and higher executive compensation packages to the heads of the companies; after all they are just like the managers of the funds, banks, etc., so they deserve higher compensation. |
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Replying to: mikefm58 (Dec 02, 2008 5:24 pm) |
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