"Tom Francis - SWSports" wrote in
message news
On Thu, 13 Nov 2008 02:51:05 -0500, "Eisboch"
wrote:

His "package" (including benefits) was in excess of $85k/year and upon
retirement could look forward to full, GM financed health coverage along
with his pension.

And, this is really a ****er, now GM wants the US Taxpayer to dig them
out of the health care hole by paying for the ridiculous health care
packages for their retireees.

So now we have GM begging some working stiff who works, pays taxes and
either doesn't have a health package or only Major Medical at an
exhorbitant rate to sponsor some moron who put four screws in a
dashboard for most of his life and was paid $34/hr plus benefits for
doing so and now has a $4 co-pay for everything health care related.

Here's what I think GM should do - pre-pack a Chapter 11 bankruptcy,
get rid of the ridiculous union contracts and start over again with
government backing (not loans) with reasonable labor costs and
competitive products.

That will do more for the American economy than any TARP.


Not to mention control the salary & bonuses the top layer of management.
Why should the CEOs of GM or Ford make many times more than the president of
the US when they can't even keep their companies profitable.