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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (46938)6/26/1998 12:18:00 PM
From: Nemer  Read Replies (1) of 58727
 
Nice post from Robert,
I'd already read it over on the BK and was going to comment there, but it's safer here ..... ggg

Last night, Ted Koppel on Nightline had several ( 5-6 ) of the striking workers from Flint Machine, a Chicago automotive journalist, and the size large dude who made the semi unflattering film on Roger Smith back in 90.

The workers all were saying, we did what GM wants and now they want to redo the deal ........
The big film man (hey thats a double entrende) could say nothing good about the greedy big co.

The writer had the most revealing statement, to me at any rate, ----
"GM should have done this identical thing back in 78 instead of now, and their market share possibly would not have shrunk from 50 to 30. This is a must for GM to survive"

And, most of the rest of the show covered the same areas as Robert's post........

As I do recall, from some of his previous postings, he's from Livingston, Tx and Marilyn comes from that neck of the woods so he probably knows whereof he speakth ....... ggggg

THE MAIN FLAWS for quick settlement -----
..1) the union that started this thing is a minute amount of folks compared to the amount of folks affected
...2) the union picked a time frame very very very close to the annual two week shut down to commence the strike
...3) a sizeable portion of the 100k who are put out of work can't draw unemployment pay benefits other than the pitifully small amount from the union strike fund
...4) GM is dealing from a position of strength

Now, that ought to liven up the thread some .....
been missing out on all the fussin and cussin, what with my good mexican friend, Manuel Labor being a resident at my hacendia lately ....gggggg

Regards --- Nemer
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