Unions (or at least the UAW) = higher costs and less labor flexibility, which contributes to lower revenue, profits, and cash flow, which contributes to lower money for development of better cars.
Probably true but here's the real problem:
GM Executive Dildoes
"GM has seen plenty of tough times over the past few years, and even the company's top executives have felt the pinch. Executive pay was among the items cut as the General waded through multi-billion-dollar losses and immense market pressure, but after two years of cuts, the members of GM's top brass are getting their old salaries back. Top boss Rick Wagoner's base pay went as "low" as $1.1M but is now back to its 2003 level of $2.2M. Product czar Bob Lutz and money man Fritz Henderson also had their pay restored, and Fritz even got a raise to reflect his promotion to COO. Many of the pay cuts were voluntary in recognition of GM's market struggles, but even with the cuts in base pay, overall executive pay packages are worth a lot more than just the salaries alone. Wagoner, for example, was paid $14.4M in 2007, while Maximum Bob came in at $6.9M."
autoblog.com
These jackasses got their salaries restored after two years because:
1) they've turned the company around
2) GM is having one of its most profitable years
3) GM is selling more cars than ever before.
None of the above is the right answer. You all are so quick to blame the unions. I blame the people who make the decisions in terms of design, production and technology. These losers have been making the wrong decisions for years and are compensated for their incompetence to boot. Talk to me about the unions when these assholes get fired. |
