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-   -   GM to close 12 plants, lay off 30,000 (https://www.subsim.com/radioroom/showthread.php?t=86775)

caspofungin 11-28-05 01:53 AM

where are you exactly, kresge? me, i'm in sunny ypsi.

von Buelow 11-28-05 01:38 PM

Quote:

i.e. if your employer was going to lay off a janitor, you'd take a pay cut in order for him to keep his job.
If I'm making $4.5M a year, and taking a paycut to invest back into the company, will save my company, and will allow me to continue making, say $1M a year, :hmm:

abso-freekin-lutley :know:


but that's me, a USAF service member, who is making a fraction of that $4.5M salary

TteFAboB 11-28-05 10:01 PM

GM is doing quite well in China, where Toyota couldn't venture into yet.

Torpedo Fodder 11-29-05 12:53 AM

Quote:

Originally Posted by TteFAboB
GM is doing quite well in China

Yeah, the Chinese love their Buicks; GM estimates China will soon become their second-largest market for the brand. Buick also has a long history in China: Just before WWII, one in five cars in China was a Buick.

von Buelow 11-29-05 06:08 PM

More crap!

I heard on the news last night that GM's CEO has established some sort of a "special supervisory retiremnt fund" where he's estimated to make $4.5M per year just on his benefits.

So I gotta ask you Mog, are you still on his side? Or is he screwing his own folks by his greed?

:|\

Kresge 11-30-05 01:25 AM

Hey caspofungin,
I'm in Romeo (Home of the Peach Festival and Mustang engines), 29 miles due north of Detroit. I can actually see the Renaissance Center from the hill down the road though!
:up:

*sunny* Ypsi, how about snowy?
:rotfl:
.

August 11-30-05 08:41 AM

An extra 4.5mill a year isn't going to save GM.

Etienne 11-30-05 03:05 PM

But it'd help.

bradclark1 11-30-05 03:24 PM

Rich people don't get rich by being nice.

Kresge 12-01-05 06:58 PM

I just heard Ford spent $10 million to rent several giant LED screens for this year's North American Autoshow display! I hate to see what the entire display will cost.

Torpedo Fodder 12-01-05 07:10 PM

Quote:

Originally Posted by Etienne
But it'd help.

Not very much I'm afraid to say; that 4.5 million is only about 0.001% of GM's current annual deficit.

von Buelow 12-06-05 11:42 AM

Once he's retired, he's going to give SQUAT to the company. I mentioned this because it's so crappy of a deal to the company and just plain wrong - if it's true.

Enron part deux, here we go again


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