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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (438025)	12/4/2008 9:53:36 AM
From: i-node	Read Replies (2) \| Respond to of 1574005

He neglected 800,000 retired workers and their dependents. You guys are clearly playing funny with the numbers (lying) to support a false position. It is still part of labor cost. It is still part of what employees, whether current or former, earned. And frankly, most of those costs have been accrued as incurred (i.e., when the former employees were working) by now. If you are going to arbitrarily lop off certain labor costs and and not account for them, then how the hell are you going to compare one business with another within the industry. It is basic accounting.

To: Road Walker who wrote (438025)	12/4/2008 10:29:30 AM
From: i-node	Read Replies (1) \| Respond to of 1574005

He neglected 800,000 retired workers and their dependents. You guys are clearly playing funny with the numbers (lying) to support a false position. The costs pertaining to those 800K employees has already been accrued. That's what the article was about -- moving that 30-something billion liability from GM's balance sheet to that of the Trust. The ongoing costs are those pertaining principally to current service employees. The only thing pertaining to prior service employees is net adjustments in the actuarially determined liability that was accrued when the contract was negotiated. As I said, basic accounting.