Registered: Mar 2008
Location: Western N.Y.
Posts: 4005

Let them fail. If they cant produce a product that is competitive this bail out will only postpone the inevitable. Lets face the facts most of the people working in the assembly plants are worth about 10 bucks an hour. They have no education, no skills, dont own a tool and in most cases without that job about all most of them are qualified to do is flip burgers. I live about 20 miles from a GM plant and have seen for years husband and wife working there bringing home 150k combined and they live large. I cant imagine what kind of twisted logic it takes to tax the average guy making 30k a year so these people can stay on the gravy train. As far as all the jobs that would be lost,it wont happen. every one that drives a car now will still be driving one next year maybe not one of the big three but someone is gonna pick up the slack.

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Registered: Jul 2008
Location:
Posts: 1310

quote:

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Originally posted by john Duemmer
Let them fail. If they cant produce a product that is competitive this bail out will only postpone the inevitable. Lets face the facts most of the people working in the assembly plants are worth about 10 bucks an hour. They have no education, no skills, dont own a tool and in most cases without that job about all most of them are qualified to do is flip burgers. I live about 20 miles from a GM plant and have seen for years husband and wife working there bringing home 150k combined and they live large. I cant imagine what kind of twisted logic it takes to tax the average guy making 30k a year so these people can stay on the gravy train. As far as all the jobs that would be lost,it wont happen. every one that drives a car now will still be driving one next year maybe not one of the big three but someone is gonna pick up the slack.

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Registered: Aug 2004
Location: NE/MO
Posts: 579

quote:

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Originally posted by Wingman66
G. R. Wagoner, Jr. Chairman & CEO GM 2007

Salary---$1,558,333
Bonus---$0
Stock Awards---$2,561,113
Option Awards---$3,776,710
Incentive Compensation---$1,802,000
Pension---$4,020,400
Other Compensation---$697,358

Total Compensation for one year 2007= $14,415,914



GM worker

$77.00hr x 40hr = $3080.00 week
$3080.00 wk x 52 wks = $160,160 yr
$160160 yr x 90yrs = $14,414,400
Total Compensation for 90 years $14,414,400

(Correct my math if needed)


It takes one man 90 years to make what wagnor made in one. The union isn't the problem. The problem looks pretty simple to me...

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Registered: Jul 2008
Location:
Posts: 1310

quote:

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Originally posted by CooperCreek
Wow, I bet a first grader could figure out what was wrong with this one. Too bad your theory only works if there was one CEO for every worker.

GM CEO 14 million a year salary.

For every 1000 GM workers, approxamately 160 million spent on salary and benefits.

Profit = Revenue - Costs

Where can you cut more costs? Out of the CEO's salary or the workers salary?

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Home of.........

Baldwin's Blue Princess

and

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In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a patriot."
-- Mark Twain

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Registered: Aug 2004
Location: NE/MO
Posts: 579

You are absolutely correct.

What I'm pointing out is that is isn't the 14 million a year the CEO makes that puts the company in the red.

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Registered: May 2006
Location: KENTUCKY
Posts: 407

quote:

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Originally posted by elvis
I dont work there so I dont know it to be fact. I got these figures second hand from CBS news. If they "beefed" it up to look worse I dont know.

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Registered: Oct 2008
Location:
Posts: 263

If the average joe can get a job for $77 an hour then i say more power to them. So many people are underpaid...the job I did would pay 2x as much anywhere but here. To think there isn't some level of skill required isnt thinking logically. All union work is inspected by company quality. Why should the company reap all the profits off something that is going to sell for $20,000 or more?

I have owned 3 rangers in a row each had over 200,000 miles on them when i got rid of them and none of them gave any trouble besides general repair you will do to other vehicles.

The reason the auto makers are in trouble is because of what gas did they couldnt sell silverados, f150s, and rams. That was a HUGE loss financially. Sales on these might go up when the people are confident the gas wont shoot right back up but, they are gun shy on it as was I so I bought a tacoma and said heck with it...at least if gas goes back up I am not stuck with a v8. I did want an f150 though for the comfort.

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Registered: Jan 2007
Location: Al
Posts: 3070

quote:

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Originally posted by opie
Hey elvis they definatly beefed it up a bunch. My uncle just retired from the ford truck plant in kentucky and he maid right at 30.00 an hour been there for over 30 years!!!! !! Have a real good friend of mine that works at the ford explorer plant( there in the process of makeing something differnt) been there about 10 years give or take a couple years and he makes right at 28.00 an hour! So from what i know it is definatly beefed up a bunch!!!!!! I work for the rail road... (BRS)- Brotherhood of railroad signalmen local# 234 and im a certifed welder and make 21.00 an hour. With the way every thing is priced these days. I most definatly dont think we are over paid at ALL...... JMO

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Registered: Apr 2006
Location: Bloomfield, KY
Posts: 79

quote:

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Originally posted by Ray&Luie
Dosent each plant have to Negtiate its own Agrement ?
I mean the Ky plant would get the same as a Detroit plat would it ?

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Registered: Dec 2003
Location: East Texas
Posts: 3970

quote:

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Originally posted by smokey7
Here's whats wrong. Ford, Gm, and Dodge produce JUNK and sell it for 5 times what it's worth and now are wondering why no one can afford it. First of all it's junk with bad parts, bad gas milage, doesn't last, and on top of that it cost's way too much. Thank GOD for Toyota or poor folks like me wouldn't have a vehicle to drive. If you run yourself out of business by being greedy and stupid then you SHOULD fail and learn a few lessons and get back down to earth with everybody else. It is sickening to see those greedy scumbags fly in in there private jets worth millions or billions of dollars to go and ask the government for help. Where's OUR HELP?? I'm talking about the feller out making 6 or 7 dollars an hour and working to pay bills and living week to week. Wondering how he's gonna make it in this world. I think it's high time some of these rich, greedy, scumbags get back down to earth and reality with the rest of us struggling. I mean STRUGGLING. I say let em crash and burn.

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