birdymaker
Straitjacket From: a third world country in the making
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thanks for taking the pay cut rank and file.
« on: June 29, 2008, 09:59:49 AM » |
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
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Uisce Beatha
Amazing Technicolor Dreamcoat From: In the Jar
Karma: 116 Posts: 7357
OfflineGet me the tank!
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Re: thanks for taking the pay cut rank and file.
« Reply #1 on: June 29, 2008, 10:05:39 AM » |
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What a dauchbag.
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"If you're darker than a caramel, Reverend Al speaks for you." - Aasif Mandvi
"Well, you can tell by the way I use my walk, I'm a woman's man: no time to talk." - stroh
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MFAWG
Rich Corinthian Leather Jacket
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Re: thanks for taking the pay cut rank and file.
« Reply #2 on: June 29, 2008, 10:57:53 AM » |
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What's $5,000,000,000 divided by 3650?  |
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
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Aske
Lederhosen
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Re: thanks for taking the pay cut rank and file.
« Reply #3 on: June 29, 2008, 11:22:07 AM » |
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why do you hate korprit bull*feces*, comrade?
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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birdymaker
Straitjacket From: a third world country in the making
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Re: thanks for taking the pay cut rank and file.
« Reply #4 on: June 29, 2008, 11:58:20 AM » |
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don't get me wrong. i'll be the first to tell you that assembly workers making 28.00 is nuts. so they cut their pay in half which is still a decent wage for what they do being unskilled labor. but to turn right around a month later and give someone who makes 1.5 mil an 8.5 mil bonus while the stock price has sunk 50% in the last 6 months? i will almost guarantee this dude will be gone in six months while grabbing the golden parachute on the way out. The committee also approved a 15 percent salary increase for David Dauch, son of *8==>* Dauch, based on his promotion to president and chief operating officer, and salary increases of 4 percent to 6 percent for other officers. nice little bit of nepotism too. nice if you can keep all the thievery in the family  |
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
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twoiron
Full Metal Jacket From: The Drawing Room
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Re: thanks for taking the pay cut rank and file.
« Reply #5 on: June 29, 2008, 02:33:22 PM » |
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I fully support the rank and file employees of an organisation.
Without them I wouldn't be able to provide for my family all the luxury items one has become accustomed to.
Now get back to work!
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"Nothing says sorry like a warm plate of bacon... or so I'm told"
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MFAWG
Rich Corinthian Leather Jacket
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Re: thanks for taking the pay cut rank and file.
« Reply #6 on: June 29, 2008, 06:49:30 PM » |
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So making UNDER the average wage is OK in Korprit Amerika.
Bull*feces*.
Seriously:
What's 5,000,000,000 divided by 3650?
Because 3650 is how many took the cut.
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
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gleek
Flak Jacket
Karma: 107 Posts: 9510
OfflineE chu ta!
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Re: thanks for taking the pay cut rank and file.
« Reply #7 on: June 29, 2008, 09:05:55 PM » |
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So making UNDER the average wage is OK in Korprit Amerika.
Bull*feces*.
Seriously:
What's 5,000,000,000 divided by 3650?
Because 3650 is how many took the cut.
$5B divided by 3650 is around $1.4M. What's the signfiicance of these figures? |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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MFAWG
Rich Corinthian Leather Jacket
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Re: thanks for taking the pay cut rank and file.
« Reply #8 on: June 29, 2008, 09:30:01 PM » |
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OOOPS, I meant 5,000,000  It would have just been easier to kick every one of the 3650 UAW employees in the nuts and take their paychecks for a week. This is probably an academic exercise anyway. They make truck axles, and that market is probably dead at $4.50 a gallon forever... |
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
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birdymaker
Straitjacket From: a third world country in the making
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Re: thanks for taking the pay cut rank and file.
« Reply #9 on: June 30, 2008, 05:40:12 AM » |
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OOOPS, I meant 5,000,000 It would have just been easier to kick every one of the 3650 UAW employees in the nuts and take their paychecks for a week. This is probably an academic exercise anyway. They make truck axles, and that market is probably dead at $4.50 a gallon forever... hardly. trucks are a necessity for both business and military. as far as soccer moms, kiss em goodbye. so what would you have them do? they already have a plant in mexico and had already said this is a take it or leave it deal. for the first time in 20 years the workers did the right thing and voted to keep their jobs. blame GM they're the ones that let the wages get so far out of whack in the first place. |
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« Last Edit: June 30, 2008, 08:02:15 AM by birdymaker »
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
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Clive
Full Metal Jacket
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Re: thanks for taking the pay cut rank and file.
« Reply #10 on: June 30, 2008, 07:59:11 AM » |
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Just buying time -- American Axle will just move those jobs to Mexico within the next three years anyway.
I get that 3650 is the number of workers; what's the $5 million represent?
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gleek
Flak Jacket
Karma: 107 Posts: 9510
OfflineE chu ta!
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Re: thanks for taking the pay cut rank and file.
« Reply #11 on: June 30, 2008, 07:59:39 AM » |
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I read somewhere that GM's woes are a product of their decision a long time ago to self-underwrite the healthcare plans of its employees. It worked great for awhile. They enjoyed the benefits of an artificially inflated stock price buoyed by phantom earnings for years. In the meantime they financed away their future by selling off junk bonds like there's no tomorrow to improve their cash position in order to make payments on the health insurance claims of an aging workforce and growing retiree base that's getting fatter and by the "miracle" of modern medicine living longer than ever before. I can't think of a company that's more Munsoned than GM.
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
Karma: 155 Posts: 16135
OfflineWe're doomed!
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Re: thanks for taking the pay cut rank and file.
« Reply #12 on: June 30, 2008, 08:14:29 AM » |
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I read that too.
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MFAWG
Rich Corinthian Leather Jacket
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Re: thanks for taking the pay cut rank and file.
« Reply #13 on: June 30, 2008, 07:16:23 PM » |
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Just buying time -- American Axle will just move those jobs to Mexico within the next three years anyway.
I get that 3650 is the number of workers; what's the $5 million represent?
Oh, never mind. Bad math, misread the amount. That said: It would be one thing if shenanigans like this were the exception rather than the rule. Then you could just blame a board that most likely consists of relatives, a close personal friend and some 3d tier local celeb. The reality is that CEO and top executive pay no longer bear much, if any, relation to actual performance and no relation whatsoever to long term viability for a given company, and this *feces* happens all the time. Seriously, what is so 'Unreasonable' about expecting production workers to have reasonably middle class lifestyles. 14 bucks an hour AIN'T middle class, but then neither is 10 million in salary and 'Performance Bonuses'. |
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
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