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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: average joe who wrote (409328)2/8/2011 2:58:38 AM
From: FJB  Respond to of 793913
 
RE:hitch your wagon to something large

Insights into the mind of a parasite. How predictable...



To: average joe who wrote (409328)2/8/2011 8:21:35 AM
From: DMaA3 Recommendations  Read Replies (1) | Respond to of 793913
 
Government Motors demonstrating how do do it the Obama way. You don't even need to MAKE a profit to share the profits.

detroit.cbslocal.com

GM Workers To Receive Profit-Sharing Bonus

February 8, 2011 6:53 AM

DETROIT (WWJ) – It’s yet another sign that General Motors is back in business. There’s word that workers will be getting some of the largest profit sharing checks in the history of the automaker.

The exact amount is not expected to be known before February 14, but a senior UAW official tells the Detroit News that he anticipates GM bonuses to top the average check of nearly $1800 received by each worker back in 1999 – and that was GM’s largest payout ever.

The automaker confirms there will be a profit-sharing payout given their profits through September of $4.2 billion [ed. yea right]. Last month, Ford had payouts averaging $5000 per worker, while Chrysler workers got a performance incentive of $750.

It’s possible GM could top the bonuses with incentive pay to set the tone going into contract talks this summer.