Did they ask the stockholders, CEOs and mgmt

Posted By: nm on 2008-12-12
In Reply to: My husband is union.... - Union girl

to take a 10% cut in dividends, salaries, bonuses and parachutes?

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Bailout dies in Senate.........sm - m
- My husband is union.... - Union girl
  - UAW has refused......... sm - m
    - If they go under and restructure - sm
      - Medical was part of it......... sm - m
        Another aspect of the medical... - Marmann
        The health care costs are the factor that - sm
        I'm sure reliable info is out there somewhere...... sm - m
  - Did they ask the stockholders, CEOs and mgmt - nm
- I swear this is all because of the unions. They will - be the end of GM. They stink.nm
  - Labor not held to same standard as - sm
    - Ron Gettelfinger is making perfect sense - sm
  - What about the union busters? - sm
  - Instead of cutting the workers' pay, they should - be laying off management and - sm
    - You hit the nail square on the head. - nm
    - Surely you are not advocating........ sm - m
    - I mostly agree with you but not - Backwards typist
      - I totally agree - you go girl! - zoesnana

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MSNBC (GE) stockholders booed Immelt over this.
Booed him good, too. They were cutting off people's microphones.

BOYCOTT GE PRODUCTS AND MSNBC!

I'd like to know WHY these incompetent CEOs
still have JOBS!? Why aren't they in the unemployment lines? You know why...they had to put the US/world in financial crisis in order to facilitate their agenda.

Big-3 corporate CEOs arrived in Washington in - sm
PRIVATE Lear jets to ask for a bailout. Proof positive that those people don't have a clue how to run a successful business, which is why the auto industry is now failing.

I don't want to see them get a penny only to squander it. Before I'd give a thumbs-up to any kind of a bailout, they need to:

a) SELL the jets.

b) Redesign, retool, and get out of bed with the oil industry, so they can get us independent of fossil fuels. If they had used their brains, and built cars that were equal to or better than the foreign manufacturers in quality, safety, and efficiency, they wouldn't be in this pickle. But no, they wanted their big profits NOW, and screw the future. Well, the future has now come and bit them in the behind.

c) Part of the retooling process should include dumping the CEOs (who are obviously worthless) and all upper management. The average Joe line-assemblyman could probably run those companies better than the fat-cat CEO's have been doing.

Too bad the cap only applies to TARP funded CEOs.
ANY CEO should be making more salary than the POTUS and that any compensation beyond that amount should be directly related to the success of the company, i.e. commissions, profit percentage, stock dividends, etc. I also believe stockholders should have more control of their salaries, benefits, bonuses and any other perks.

Oh, those poor, poverty stricken CEOs. I really feel for them all.
How DO they survive???

Distractions from perky one while CEOs make killing
Hello. Pub campaign strategies fleece flock one again.

Kind of like the mega-rich CEOs that see nothing wrong in billions in bonuses...sm
while the company disintegrates, faithful workers pensions and futures are taken away, and they basically rape the company for all it is worth, to he!! with the workers who made the company prosperous! In my mind, it is the same mindset---ENTITLEMENT. Get as much as you can as fast as you can and screw everyone else! FDR DID devise welfare as a safety net so families would not starve to death in desperate economic times, it was never meant to be a career or a way of life, we as a country have looked the other way, as with the illegal alien problem, far too long and must make sure our legislators DO something about it OR GET OUT!