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What I don't understand is why everyone in the Big 3 not take paycuts across to board to keep the company afloat...like x% of their salary. The CEO's would take the biggest hit, but those in the "job bank", those that make $75 an hour, and the retirees should all support keeping their companies, and their jobs afloat. Pilots and flight attendants, as well as teachers now (in Clemson University) are accepting pay cuts to have a job. When the unions don't want to budge, it affects the viability of the entire enterprise. When retirees of other companies have had their benefits cut, why then are the auto retirees immune from this????
What I don't understand is why everyone in the Big 3 not take paycuts across to board to keep the company afloat...like x% of their salary. The CEO's would take the biggest hit, but those in the "job bank", those that make $75 an hour, and the retirees should all support keeping their companies, and their jobs afloat. Pilots and flight attendants, as well as teachers now (in Clemson University) are accepting pay cuts to have a job. When the unions don't want to budge, it affects the viability of the entire enterprise. When retirees of other companies have had their benefits cut, why then are the auto retirees immune from this????
Thats what I'm tryimg to say, your right on the mark, bibit612. They need to shut down all the Unions in this country, we have employment laws to do the job now.
So now taxpayers supporting corporations that can't make it on their own is the "American way" When in hell did you scrap the free enterprise system?
The big 3 CEOs are trying to become the highest paid government employees in the country. They need to go into chapter 11, reorganize, gut the union contracts, gut the CEO and executive pay packages, and do business like they plan to be a competitive productive company.
Or they need to collapse under their own greed, and let a new auto industry rise from the ruins. If Toyota, Honda, etc are thriving in this country making cars it is proof positive that GM Ford and Chrysler must change or go away.
So now taxpayers supporting corporations that can't make it on their own is the "American way" When in hell did you scrap the free enterprise system?
The big 3 CEOs are trying to become the highest paid government employees in the country. They need to go into chapter 11, reorganize, gut the union contracts, gut the CEO and executive pay packages, and do business like they plan to be a competitive productive company.
Or they need to collapse under their own greed, and let a new auto industry rise from the ruins. If Toyota, Honda, etc are thriving in this country making cars it is proof positive that GM Ford and Chrysler must change or go away.
Now heres a person that knows what thier talking about. I must agree with both ideas. Learn to sink or swim on your own. If the Gov. bails them out, then the gov. owns them.
The immense income disparity between what the executive branch makes vs the line workers in an American plant and what the executive branch makes vs the line workers in an Asian or European plant is why American plants are facing bankruptcy. The foreign plants don't need unions. If American workers were not unionized they would be making minimum wage, if that.
H
Pssst - Honda and Toyota have non-union plants in the United States, their workers get more than minimum wage and they don't want to be unionized...
The old scare tactics about sweatshops popping up, 16 hour workdays for 10 cents and hour and all the other FUD people threaten if unions were dissolved are pure fantasy. There was a problem with these things in the past, and the unions came around to solve them. Thanks to the unions, we now have OSHA and an enormous framework of labor laws in place to protect workers. We don't need the unions anymore. They came into existence for a good reason and they did what they needed to to. Their job is finished, but they don't want to give up the billions they rake in every year, so they keep pushing and pushing and pushing for more, regardless of how "fair" it actually is. The must justify their existence in order to keep the money flowing in, so they just keep squeezing employers.
No bailout. Let them reorganize under Chapter 11 and get rid of the union noose around their neck. Then and only then will they be able to compete with foreign manufacturers.
They have had DECADES to build quality, fuel-efficient cars that are the best in the world. Instead, they fielded vastly inferior products while their idiotic, undeserving executives sat around fat, dumb, and happy. These executives and CEOs got richer by the year with bonuses that were not warranted given their failures.
I say these outdated, dinosaur firms need to be sold or shut down. The workers should be given generous severance packages, allowing them to retire comfortably, especially those who are too old to acquire new skills and those who have invested many years of their adult lives to these firms. The CEOs and executives should be given nothing and their bonuses should be rescinded. To hell with them. In fact, they need to be fined for their failures. An amount equal to 80% of the excessive salaries, bonuses, and severances packages that they have received should put these losers where they belong...no better than the workers they betrayed.
I certainly wouldn't tie any bailout money to what these three dinosaurs are PLANNING on doing. They have not cut it thus far, which is why they're in this position to begin with. They need to be discarded.
If Toyota, Honda, etc are thriving in this country making cars it is proof positive that GM Ford and Chrysler must change or go away.
The problem is that they're not allowed to change. The single biggest drain on their bank accounts is union forced benefits. The laws in this country don't allow an employer to de-unionize their shop. Once the unions are in, the employer is completely at their mercy, lest they face a strike and lose all production entirely.
I agree that they must change or face collapse, but the change they need to make is one they're not allowed to. That's why I'm advocating that they file bankruptcy, which would give them a chance to remove the union anvil from their chest.
[quote=Alexus;6257716]I say these outdated, dinosaur firms need to be sold or shut down. The workers should be given generous severance packages, allowing them to retire comfortably, especially those who are too old to acquire new skills and those who have invested many years of their adult lives to these firms. The CEOs and executives should be given nothing and their bonuses should be rescinded.
I have to agree. Take away everything from the CEO's the top brass give it to the employees. Make an example out of these companies, not another ENRON scandle.
The problem is that they're not allowed to change. The single biggest drain on their bank accounts is union forced benefits. The laws in this country don't allow an employer to de-unionize their shop. Once the unions are in, the employer is completely at their mercy, lest they face a strike and lose all production entirely.
I agree that they must change or face collapse, but the change they need to make is one they're not allowed to. That's why I'm advocating that they file bankruptcy, which would give them a chance to remove the union anvil from their chest.
*F* the unions, they are the problem and utter stupidity will be to throw taxpayer dollars at the companies, so the f-ing leaches (unions and way over paid executives) can stuff it in their damn pockets.
If you don't fix the problem (unions and executive pay) then they will be back next year and the next and the next. These companies have reached the tipping point and can no longer survive on their own merits and management.
Detroit change how you do business or not a dime
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The Big Three need to be discarded
