Eisboch wrote:
"HK" wrote in message
...

Eisboch wrote:
"hk" wrote in message
. ..

The U.S. auto companies are in trouble because their management sucks
and has sucked for years, and they grossly overpay their mid and upper
level white collar workers, as do many American corporations.

The bulk of layoffs at GM and Ford right now are white collar jobs.


Ford and GM are "multinational" corporations, and the management there
doesn't give a crap whether they make cars in the USA or not.

Nonsense.

I can understand why you think the way you do Harry. I suspect very
much that you never held a job that had a bottom line accountability or
responsibility.

You seem to simply observe and complain about those that do.

Eisboch


Are you maintaining that GM, Ford, and Chrysler have been well-run
corporations the last decade or so?



Look for yourself.

http://finance.yahoo.com/q/hp?s=GM&a...g=m&z=66 &y=0

According to the historical stock price, starting in July, 1998, GM paid a
quarterly dividend of 50 cents every quarter until November of 2005. The
stock price appears to have fluctuated roughly between about $30 to $40 per
share. The quarterly dividend then dropped to 25 cents, but has still been
paid every quarter, the last being in May, 2008.
The decrease in the dividend corresponds to a decline in the stock value,
which happens to correspond to the increase in fuel costs.

So, in GM's case, yes, I'd say they are doing a reasonably good job
adjusting to a very difficult and changing market.

I didn't check Ford. Chrysler is a unique situation, having been acquired
by Mercedes, then recently sold to private investors.
I'd agree that Chrysler has not done well as a company over the past 10
years.

Eisboch




We obviously have different standards by which we judge corporations.