GM to close 12 plants, lay off 30,000 - Page 2

caspofungin · 11-28-05, 01:53 AM

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

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

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.

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!

*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.

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

11-30-05, 01:25 AM	#21
Kresge Engineer Join Date: Dec 2001 Location: The Motor City Posts: 209 Downloads: 4 Uploads: 0	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! sunny Ypsi, how about snowy? :rotfl: . __________________ ". . . sailors do not fancy living underwater without breathing in sunshine occasionally." Commodore Joseph Smith commenting on the USS Monitor

11-30-05, 08:41 AM	#22
August Wayfaring Stranger Join Date: Apr 2005 Location: Massachusetts Posts: 23,247 Downloads: 0 Uploads: 0	An extra 4.5mill a year isn't going to save GM. __________________ Flanked by life and the funeral pyre. Putting on a show for you to see.

12-01-05, 06:58 PM	#25
Kresge Engineer Join Date: Dec 2001 Location: The Motor City Posts: 209 Downloads: 4 Uploads: 0	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. __________________ ". . . sailors do not fancy living underwater without breathing in sunshine occasionally." Commodore Joseph Smith commenting on the USS Monitor

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11-28-05, 01:53 AM	#16
caspofungin Commander Join Date: Apr 2005 Posts: 459 Downloads: 41 Uploads: 0	where are you exactly, kresge? me, i'm in sunny ypsi.

11-28-05, 10:01 PM	#18
TteFAboB Admiral Join Date: Oct 2004 Posts: 2,247 Downloads: 4 Uploads: 0	GM is doing quite well in China, where Toyota couldn't venture into yet.

11-29-05, 06:08 PM	#20
von Buelow Stowaway Posts: n/a Downloads: Uploads:	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? :\|\

11-30-05, 03:05 PM	#23
Etienne Seasoned Skipper Join Date: Jan 2002 Location: Canada Posts: 695 Downloads: 1 Uploads: 0	But it'd help.

11-30-05, 03:24 PM	#24
bradclark1 Ocean Warrior Join Date: Feb 2003 Location: Connecticut, USA. Posts: 2,794 Downloads: 29 Uploads: 0	Rich people don't get rich by being nice.

12-06-05, 11:42 AM	#27
von Buelow Stowaway Posts: n/a Downloads: Uploads:	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