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Topic Review (Newest First)
01-18-2020 07:08 AM
Mr Stubs
Quote:
Originally Posted by 87manche View Post
and if we really want to blame someone for GMs troubles, it's the government.

because the giant tax dollar funded buyout is what fucked the UAW AND put them on the fucking board to make decisions.

should have let them go bankrupt and enter reorganization just like any other company would have.

this "to big to fail" bullshit just pushed the inevitable down the road a ways.
Thank you for that. Now I understand a little better.
01-18-2020 07:06 AM
Mr Stubs
Quote:
Originally Posted by 87manche View Post
because your game is tiring.
Get to the fucking point you're trying to make or go the fuck away with your smug ass questions.

Fair enough.


I donít understand how the Union shit works on your side of the country. I just donít understand how the workers caused a issue that to me is ultimately a companyís decision. Decisions start at the board and trickle down. Unless the workers hold a majority of the board seats how can they take all the blame?
01-18-2020 06:23 AM
CarterKaft Not a union fan. There is equal amounts fucked up story for every positive story.
Change my mind...
01-18-2020 06:03 AM
87manche and if we really want to blame someone for GMs troubles, it's the government.

because the giant tax dollar funded buyout is what fucked the UAW AND put them on the fucking board to make decisions.

should have let them go bankrupt and enter reorganization just like any other company would have.

this "to big to fail" bullshit just pushed the inevitable down the road a ways.
01-18-2020 06:01 AM
87manche
Quote:
Originally Posted by Mr Stubs View Post
We were doing good up till that last post that you didnít answer the question..
because your game is tiring.
Get to the fucking point you're trying to make or go the fuck away with your smug ass questions.

01-18-2020 06:00 AM
Mr Stubs
Quote:
Originally Posted by Mr Stubs View Post
Who runs the company?
Quote:
Originally Posted by 87manche View Post
last I knew the UAW pension itself owned a fair percentage of GM.

Quote:
Originally Posted by Mr Stubs View Post
So the pension runs the company?
Quote:
Originally Posted by 87manche View Post
well they control enough shares to have a vote on the board I, and the board runs the company.
Quote:
Originally Posted by Mr Stubs View Post
How many voters are on the board?
Quote:
Originally Posted by 87manche View Post
so uh, nobody that went on strike is responsible for the parts shortages, that's what you want someone to say?
It's all managements fault right?

you must be a union steward because you're trying awfully hard to hold the UAW blameless.


well what happens when the UAW IS the management?
We were doing good up till that last post that you didnít answer the question..
01-18-2020 05:16 AM
Mikel
Quote:
Originally Posted by ADChevy4x4 View Post
NY state pension is bankrupting the state through excessive pensions for retired NY state employees..I woud believe nothing that comes from anyone who manages the fund in any manner because it's worse that General Motors..
A friend of mine is a cop in NYC. After 20 years (in his mid 40s), he can retire with around 90K/yr plus healthcare. Sure that's sustainable
01-18-2020 05:16 AM
87manche
Quote:
Originally Posted by Mr Stubs View Post
How many voters are on the board?
so uh, nobody that went on strike is responsible for the parts shortages, that's what you want someone to say?
It's all managements fault right?

you must be a union steward because you're trying awfully hard to hold the UAW blameless.


well what happens when the UAW IS the management?
01-18-2020 04:45 AM
ADChevy4x4 NY state pension is bankrupting the state through excessive pensions for retired NY state employees..I woud believe nothing that comes from anyone who manages the fund in any manner because it's worse that General Motors..
01-17-2020 10:23 PM
TheCopperCowboy2
Quote:
Originally Posted by 87manche View Post
last I knew the UAW pension itself owned a fair percentage of GM.


https://www.forbes.com/sites/ebauer/...pots-of-money/


I write as Trustee of the New York State Common Retirement Fund (Fund), the third largest public pension fund in the United States, which holds and invests the assets of the New York State and Local Retirement System on behalf of its 1.1 million members, retirees and beneficiaries. The Fund is a long-time investor in General Motors Company (GM or the Company) and as of June 30, 2019 held more than 3.8 million shares of the Companyís stock.


Specifically, I am writing to express my concern regarding the current labor dispute between GM and the United Auto Workers which has resulted in approximately 46,000 employees striking at more than thirty Company factories in several different states, including New York State. As an investor, I am concerned about reports estimating the Companyís lost earnings between $50 and $100 million per day during the strike. The last prolonged strike at GM, lasting 54 days in 1998, reportedly cost the Company $2 billion and two percent of market share. Even though recent reports indicate the Company and the UAW are making progress in their negotiations, it is conceivable this strike could similarly cause significant losses unless a resolution is quickly reached.

I believe the effective management of human capital is critical to the success of GM and its ability to create long-term shareholder value. Fair wages and benefits for workers and a more U.S.-based work force are important matters to consider in fostering positive labor relations.

https://www.nasdaq.com/market-activi...ional-holdings

ORY?
01-17-2020 09:57 PM
Mr Stubs
Quote:
Originally Posted by 87manche View Post
well they control enough shares to have a vote on the board I, and the board runs the company.
How many voters are on the board?
01-17-2020 07:40 PM
87manche
Quote:
Originally Posted by Mr Stubs View Post
So the pension runs the company?
well they control enough shares to have a vote on the board I, and the board runs the company.
01-17-2020 07:22 PM
Mr Stubs
Quote:
Originally Posted by 87manche View Post
last I knew the UAW pension itself owned a fair percentage of GM.

So the pension runs the company?
01-17-2020 07:12 PM
87manche
Quote:
Originally Posted by Mr Stubs View Post
Who runs the company?
last I knew the UAW pension itself owned a fair percentage of GM.

01-17-2020 07:10 PM
Black Sheep
Quote:
Originally Posted by Mr Stubs View Post
Who runs the company?
Some cunt I reckon
01-17-2020 07:06 PM
Mr Stubs
Quote:
Originally Posted by Black Sheep View Post
If it's not the employees... the we blame the shareholders? Customer? Government?
Who runs the company?
01-17-2020 06:58 PM
Black Sheep
Quote:
Originally Posted by Mr Stubs View Post
Blaming employees for a companyís problem is dumb.
If it's not the employees... the we blame the shareholders? Customer? Government?
01-17-2020 06:54 PM
will12785
Quote:
Originally Posted by ADChevy4x4 View Post
So the gov't just dumped the stock quickly to get cut their loses? Maybe that's what was implied by "common stock" ? Was the gov't owned shares of a higher value?
The government gave GM a bailout of 49.5 billion. The details of what they paid back are a little complex but what it boils down to is that GM "satisfied the terms of their loan agreement" this is not the same as paying bank the money they borrowed.

The "common stock" you are referring to is probably the stock that was agreed to be sold on the open market and not the preferred shares or IPO shares they received at an earlier point in the pay back schedule.
01-17-2020 04:12 PM
ADChevy4x4
Quote:
Originally Posted by will12785 View Post
The stocks were sold in 2010. The problem being the government sold their shares well below the price needed to get back the true dollar amount owed. They recouped about 35 billion of the 50 billion GM borrowed.
So the gov't just dumped the stock quickly to get cut their loses? Maybe that's what was implied by "common stock" ? Was the gov't owned shares of a higher value?
01-17-2020 03:51 PM
Mr Stubs
Quote:
Originally Posted by CarterKaft View Post
So did they cause the backlog or not?
How would I know?

Why would I care?


Blaming employees for a companyís problem is dumb.
01-17-2020 03:32 PM
CarterKaft
Quote:
Originally Posted by Mr Stubs View Post
So did they cause the backlog or not?
01-15-2020 09:59 PM
Az Scooter If its typical union, they will whine and moan about 68 hours a week, then when they go back to their standard schedule, will put out a grievance that their checks are half of what they were on seven day weeks.
01-15-2020 06:54 PM
Mr Stubs
Quote:
Originally Posted by void_of_light View Post
Work em 7 days a week for twice as long as the strike was. Fuck em for causing the problem, then bitching about it.
01-15-2020 06:21 PM
bradp674 I don't want to hear this shit. I just dropped my 18 Chevy ZR2 off at the body shop on Monday. I had a lady turn in front of me and couldn't stop in time. Luckily its only minor, bumper, grill and couple other little things. Hoping it wouldn't take to long. Its dumping snow in the mountains right now and I don't have anything to go play in it.
01-15-2020 06:01 PM
will12785
Quote:
Originally Posted by rockota View Post
IIRC, they were converted to common stock... not sold off.
The stocks were sold in 2010. The problem being the government sold their shares well below the price needed to get back the true dollar amount owed. They recouped about 35 billion of the 50 billion GM borrowed.
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