The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: posthumousone who wrote (171051)	12/13/2008 9:45:19 PM
From: The Reaper	Read Replies (3) of 306849

Okay,let's put and end to this. This is how it should be done if the automakers are going to be handed federal $. The UAW and GM et.al. should be striving for a symbiotic relationship. Cut UAW wages and benefits down to the point where the base is at or below what the Japanese carmakers are paying. Make management/executives some reasonable multiple of that, down from the exorbitant levels where they are now. Everybody, and I mean everybody, makes their real dough from bonuses paid either in cash or unrestricted stock every quarter. Every profitable quarter that is. The ratios would have to be worked out ahead of time and UAW would need their own auditors to go along with the company's. I'm not going to go in to details because it would be impossible for me, not being in the car business to know the necessary details, but I'm sure you get the gist of it. UAW rank and file would get rid of all the BS programs like the "Job Bank" because it would eat directly into their bonuses. Management would stop wasting money on crap like 7 private jets, because it would eat into their bonuses. Everyone has a common goal. It would also stop lineworkers from screwing around like dropping random nuts and bolts into door panels to make rattles that can't be found because it would affect the sale of their product. The product that they need to sell well because their livelihood depends on it. Gone are the days of employees getting more and more money each year simply because they are breathing. Now, if the car companies don't want federal $, then carry on as usual. If they want the $, the system has to be gutted and revamped. Show some GD innovation for once. If they receive $ with the current contracts in place, we will be going through this same exercise in a year, tops.

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