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Welcome to SportTrac.Org
Off Topic Discussion
Auto Union Looks to Recover Concessions From Ford During Contract Talks
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<blockquote data-quote="TrainTrac" data-source="post: 957894" data-attributes="member: 55399"><p>The majority of which is directly tied to the performance of the company in the form of shares of stock and other performance-based options. If the company doesn't do well, the nits leaders don't get the bonus.</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>Not sure what you mean by this statement. Can you please clarify? Exactly how do you suggest that this should be done? The execs don't work for the unions. They work for the company, and are beholden to its stockholders to lead the company successfully.</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>Au contraire. When GM and Chrysler filed for bankruptcy protection and the accepted gov't bailouts, their employees' salary, pension, health care were paid for by the American tax payer. Not only that, but President Obama took care of the UAW at the expense of the companies' other investors (shareholders, bond holders); and the UAW ended up with a 55% ownership of Chrysler and a significant ownership of GM as well:</p></blockquote><p></p>
[QUOTE="TrainTrac, post: 957894, member: 55399"] The majority of which is directly tied to the performance of the company in the form of shares of stock and other performance-based options. If the company doesn't do well, the nits leaders don't get the bonus. Not sure what you mean by this statement. Can you please clarify? Exactly how do you suggest that this should be done? The execs don't work for the unions. They work for the company, and are beholden to its stockholders to lead the company successfully. Au contraire. When GM and Chrysler filed for bankruptcy protection and the accepted gov't bailouts, their employees' salary, pension, health care were paid for by the American tax payer. Not only that, but President Obama took care of the UAW at the expense of the companies' other investors (shareholders, bond holders); and the UAW ended up with a 55% ownership of Chrysler and a significant ownership of GM as well: [/QUOTE]
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Auto Union Looks to Recover Concessions From Ford During Contract Talks
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