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Topic: Union Mentality...

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Richard
F L I N T O I D

I'm shocked to see that 61% of UAW workers are OPPOSED to concessions to contracts while 36% agree concessions will have to be made.
I guess concessions will be made when the Big-3 go bankrupt and the contracts are no longer valid.
Richard
Post Thu Dec 04, 2008 11:09 am 
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Dave Starr
F L I N T O I D

The jobs bank will go. The one that concerns me is deferring the payments to the UAW-run health care fund that takes over all health care in 2010.

I think a lot of the opposition to concessions is related to the big guys asking for them in the past, with no reduction in their pay & benefits.

_________________
I used to care, but I take a pill for that now.

Pushing buttons sure can be fun.

When a lion wants to go somewhere, he doesn’t worry about how many hyenas are in the way.

Paddle faster, I hear banjos.
Post Thu Dec 04, 2008 11:40 am 
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Richard
F L I N T O I D

Same concerns about healh care but, the CEO's all are forgoing their pay except for $1.00 a year. Easier for them though since they made millions last year.
Best of luck!

Richard
Post Thu Dec 04, 2008 12:00 pm 
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Dave Starr
F L I N T O I D

I'm not worried. If my pension & health care go away, I'll file bankruptcy and live off the taxpayers.

_________________
I used to care, but I take a pill for that now.

Pushing buttons sure can be fun.

When a lion wants to go somewhere, he doesn’t worry about how many hyenas are in the way.

Paddle faster, I hear banjos.
Post Thu Dec 04, 2008 2:08 pm 
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Ted Jankowski
F L I N T O I D

quote:
Dave Starr schreef:

I think a lot of the opposition to concessions is related to the big guys asking for them in the past, with no reduction in their pay & benefits.

quote:
Richard schreef:
Same concerns about healh care but, the CEO's all are forgoing their pay except for $1.00 a year. Easier for them though since they made millions last year.
Best of luck!

Richard


I believe you hit it right on the head there Dave.

Amd Richard. Yeah I heard how they claim they will only take a dollar. I'm wondering how long that will last. And how far reaching that is? What about all the stock options? Being able to profit off buy Stock below Market value and being able to sell it at a garuenteed profit immediately. I believe that is another reason the company is in trouble. What about the Executives and officers Stock Options? See Example below.

OH BTW (this is for all those who like to argue with me that GM executives don't sometime make 5 - 10 million in a year.)

March 5, 2008 Wagoner, G Richard Jr
Officers Stock Gift -- Paid $0.0 Received 27,083.00 brought his total holdings to 195,918.00 shares

THen on March 20, 2008 Wagoner, G Richard Jr
Officers Exercise of Stock Options -- Purchased another 19,000.00 That he didn't pay a dime for 207,356.00

Then sold (I guess you should say was given a selling value and price higher than what the stock was really worth. 20-Mar-08 WAGONER G RICHARD JR
Officer 7,562 Direct Disposition (Non Open Market) at $21 per share. $158

2-Sep-08 OSBORNE ROBERT STEPHEN
Officer 8,333 Direct Option Exercise at $0 per share. N/A
2-Sep-08 OSBORNE ROBERT STEPHEN
Officer 8,333 Direct Disposition (Non Open Market) at $10.58 per share. $88,163
7-Aug-08 ISDELL E NEVILLE
Director 2,000 Direct Statement of Ownership N/A
2-Jun-08 STEPHENS THOMAS G
Officer 9,000 Direct Acquisition (Non Open Market) at $0 per share. N/A
2-Jun-08 STEPHENS THOMAS G
Officer 3,515 Direct Disposition (Non Open Market) at $17.25 per share. $60,633
12-May-08 MARINELLO KATHRYN V
Director 5,000 Direct Purchase at $20.42 per share. $102,100
20-Mar-08 YOUNG RAY G
Officer 3,652 Direct Option Exercise at $0 per share. N/A
20-Mar-08 YOUNG RAY G
Officer 3,652 Direct Disposition (Non Open Market) at $19.15 per share. $69,935
20-Mar-08 COLE KENNETH W
Officer 3,652 Direct Option Exercise at $0 per share. N/A
20-Mar-08 COLE KENNETH W
Officer 3,652 Direct Disposition (Non Open Market) at $19.15 per share. $69,935
20-Mar-08 OSBORNE ROBERT STEPHEN
Officer 8,334 Direct Option Exercise at $0 per share. N/A
20-Mar-08 OSBORNE ROBERT STEPHEN
Officer 8,334 Direct Disposition (Non Open Market) at $19.15 per share. $159,596
20-Mar-08 REILLY DAVID NICHOLAS
Officer 13,334 Direct Option Exercise at $0 per share. N/A
20-Mar-08 REILLY DAVID NICHOLAS
Officer 13,334 Direct Disposition (Non Open Market) at $19.15 per share. $255,346
20-Mar-08 FORSTER CARL-PETER
Officer 13,334 Direct Option Exercise at $0 per share. N/A
20-Mar-08 FORSTER CARL-PETER
Officer 13,334 Direct Disposition (Non Open Market) at $19.15 per share. $255,346
20-Mar-08 CYPRUS NICK
Officer 3,090 Direct Option Exercise at $0 per share. N/A
20-Mar-08 CYPRUS NICK
Officer 3,090 Direct Disposition (Non Open Market) at $19.15 per share. $59,173
20-Mar-08 CLARKE TROY A
Officer 15,000 Direct Option Exercise at $0 per share. N/A
20-Mar-08 CLARKE TROY A
Officer 15,000 Direct Disposition (Non Open Market) at $19.15 per share. $287,250
20-Mar-08 BORST WALTER GERHARDT
Officer 2,809 Direct Option Exercise at $0 per share. N/A
20-Mar-08 BORST WALTER GERHARDT
Officer 2,809 Direct Disposition (Non Open Market) at $19.15 per share. $53,792
20-Mar-08 WAGONER G RICHARD JR
Officer 19,000 Direct Option Exercise at $0 per share. N/A
20-Mar-08 WAGONER G RICHARD JR
Officer 7,562 Direct Disposition (Non Open Market) at $21 per share. $158,802
20-Mar-08 LUTZ ROBERT A
Officer 12,000 Direct Option Exercise at $0 per share. N/A
20-Mar-08 LUTZ ROBERT A
Officer 4,806 Direct Disposition (Non Open Market) at $21 per share.
Post Thu Dec 04, 2008 2:12 pm 
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