Comments on: American Axle Strike Idles Seventh GM Factory, More to Follow

By: Redbarchetta

Redbarchetta — Fri, 07 Mar 2008 16:39:52 +0000

“I guess the next thing we’ll see are huge bonuses for him and Lutz to keep Toyota/Honda from hiring them away.”

Who in their right mind would hire them to manage anything. THat doesn’t explain Nardelli though.

To any of you in the know, Justin maybe, could GM file for an “Injunction” throught the court system, requiring them to get back to work without a resolved contract, because of the economic disruptions caused down the line. Hasn’t that sort of thing happened in the past.

By: Banned User

Banned User — Fri, 07 Mar 2008 16:03:48 +0000

“I guess the next thing we’ll see are huge bonuses for him and Lutz to keep Toyota/Honda from hiring them away.”

You were making a joke?

By: mel23

mel23 — Fri, 07 Mar 2008 15:50:24 +0000

“Wagoner is probably getting the money up front. He knows something we don’t.”

A year or two ago GM changed the compensation plan for Wagoner and others near that level to be less weighted in stock and more in cash. So yes, he knows what’s coming. I guess the next thing we’ll see are huge bonuses for him and Lutz to keep Toyota/Honda from hiring them away.

By: Banned User

Banned User — Fri, 07 Mar 2008 15:21:12 +0000

Wagoner is probably getting the money up front. He knows something we don’t.

By: quasimondo

quasimondo — Fri, 07 Mar 2008 15:02:23 +0000

Oh no, but the rank and file shouldn’t be making so much. They should be lucky their jobs aren’t shipped overseas to people who would gladly do the job for cheaper.
[/sarcasm]

By: jthorner

jthorner — Fri, 07 Mar 2008 14:59:24 +0000

One of the many things which is rotten to the core in modern America is executive pay. It is completely unconscionable for these guys, and most are guys, to be giving themselves big pay packages while the rank and file blue and white collar workers are seeing their lives torn to shreds.

“I’ve got mine, the **** with you” is not an attitude upon which great societies are built.

By: gawdodirt

gawdodirt — Fri, 07 Mar 2008 14:17:13 +0000

Bad news as Rick’s golden parachute unfolds…