Quote:
Originally Posted by sniper
Your too close to this situtation to have an objective view. I find it ironic that you are up in arms about people not wanting to bail your company out, but where is your anger at your company for not building products that people WANT!
|
On the contrary, I'm close enough to the situation where I've almost been fired for my distaste of this company's past sins. Money wasted on programs that never saw the light of day when it was obvious they were a waste of time. I was there when the Aztek clay model was sitting in the hallway covered in Dynoc for a Board Of Directors show and I blasted the thing in front of everyone. Hell I've even been yelled at on this website and PT.com for my attitude towards GM's business decisions. I am no "yes man". I spoke up, I was subjective, and I got hit in the mouth for it. Not to stroke my ego or to hear myself talk, but because I care a great deal about my company's future because it impacts MY future and MY FAMILY'S future. We've come a long way since then and I truly believe we are building the best cars we ever have in our 100 years. I've done my part. And by the way...8.5 million people wanted our products last year. Not bad...but room for improvement.
Quote:
|
Originally Posted by sniper
Those retireees you speak of are a huge part of the problem. They are drawing huge pensions and are providing nothing in return, hence the word pension. Can you agree that, that business model is a failed one?
Can you agree that NO company can survive by paying retired employees for the rest of their lives and still be a profitable business?
|
I am in favor of health care being ceased for retirees (as I won't get it when I retire due to my hire-in date) but I believe you have to leave the pensions alone. The pension money is not free money....those retirees paid into that pension all throughout their careers. They have it coming, it's their money.
Quote:
|
Originally Posted by sniper
If GM went under those retirees wouldn't lose 75% of their pensions, that is just a false. Would those accounts not get turned over to the Pension benefit guarentee corporation? Why would GM going into bankruptcy harm it? It's supposed to be an instrument of accoutnablitity for a company to rebound.
|
Based on the conversations I've had with a number of retirees that I know, they are all telling me that if GM were to go Chapter 7 then they would indeed lose anywhere from 50%-70% of their pensions. I trust what they're saying because I know these old-timers have probably been doing their homework amidst all this chaos and that the Pension Benefit Gauranty Corporation does not necessarily guarantee you will get your full pension. Read the site, it's in the FAQ.
Quote:
|
Originally Posted by sniper
Is there nothing they can cut to stay in business and again become profitable.
|
Yeah....my job. Hence the pissed off attitude. I have a family too ya know.