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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: circlew (Jan 23, 2009 4:50 pm) The board has shown plenty of evidence over the past five years that it is as lacking in strategic gonads as Wagoner. They keep him in power and they are all failures. They have destroyed GM. They have an unhealthy codependent relationship with the UAW. |
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Replying to: cooterbfd (Jan 23, 2009 7:13 pm) The problem is that GM's net worth right now is negative - it really doesn't have any positive assets to leverage. If I remember, GM's total liabilities is something like $13B-$15B, while their total assets is around $3.5B. There is no equity to be tapped. |
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Replying to: gagrice (Jan 23, 2009 8:17 pm) Verizon, at least in my area, does not publish the Yellow Pages anymore. A couple of years ago, they spun that operation off into an entity called Idearc. My wife has something like 1.5 shares in the new company as a result of that spinoff. |
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Replying to: cooterbfd (Jan 23, 2009 8:10 pm) Wagoner is making $1 a year. If all UAW workers at GM were paid $1/yr, plus 20,000 shares vesting over time, the company would be profitable overnight  Lobbyists and the states are also being shrunk in this economic down turn. That's one good thing about the downturn. That's why downturns are necessary so long as bubbles are encouraged by the government: the purgatory downturns washe out excesses, and put the economy back on a more rational footing.
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Replying to: dallasdude1 (Jan 23, 2009 1:12 pm) "Maybe its because you fail to articulate your ideas in a concise manner. Or maybe your just echoing the ideas of the corporate controlled mass media. What is you point?" Okay, I guess I should rephrase some terms here. I'm not generalizing all UAW members. I acknowledge the existence of those who work hard and try hard, but honestly how many are there compared to the typical ones? I feel sorry for the honest ones getting caught up in the stream, however the moment they join UAW they should already be prepared to live with UAW's image, be it good or bad. The easiest comparison is prison, say an innocent guy got canned by mistake and then released, the first thing people will most likely ask is "what did you do?", then said person will have to explain how he wasn't guilty. It's the same with UAW, the typicals set the image, while the non-mainstream ones will have to live with it. Besides, how do you define "honest worker"? To me the moment they support the UAW wage (while knowing it's more than they're actually worth) they're already a typical and deserve to be generalized. Before you ask yes I have strict measurements and have no mercy.  Like I said, exceptions apply, and once again I'm referring to the typical majority and the UAW itself as a union. Btw, the points in my previous posts, like #8123, were all my own analysis based on the datas from media and other sources. I don't need to repeat what the medias said as that'll be a waste of time. I take the media for the datas and no more. They're all my theories and not rants, I have nothing to gain or lose from the existence or the destruction of UAW. My only rant is that I'm forced to indirectly subsidize UAW so they can maintain their lifestyles on my tax money, and I'm sure there are millions out there who feel the same way. Hope I'm being clear enough this time.
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Replying to: grbeck (Jan 23, 2009 1:38 pm)
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Replying to: gagrice (Jan 23, 2009 8:17 pm) Verizon spun the "Superpages" off 3 years ago as a separate company. It's now called Idearc. That stock went from $23 to $30, then to pennies. |
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Replying to: wiseman (Jan 24, 2009 5:27 am) I'd bet, if they could, a lot of workers would take that deal. I know I would. It's just the workers never made a salary like that of Wagoner's beforehand, so no one is in a position to work for a promise.
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Replying to: m4d_cow (Jan 24, 2009 6:14 am) There's always the 80/20 Rule (Pareto principle). Then the question becomes which faction makes up the 80%. "Employees that are either in the jobs bank or would have been in the bank will be placed on unemployment ... until such time that we have a clarification of all of the stipulations ... in the 'terms of agreement.' " Chrysler told employees in a letter Friday that workers now in the jobs bank would be placed on "enhanced layoff," effective Monday, until a final agreement has been reached with the UAW." Chrysler jobs bank ends Monday (Detroit News)
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Replying to: cooterbfd (Jan 24, 2009 6:38 am) How come the workers never saved up a year's cost of living or more when they had decades of gravy train flowing?
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