wrote in message
t...
On Mon, 17 Nov 2008 18:28:18 -0700, Canuck57 wrote:

Here is a solution for GM that will work.

Each and every employee of GM is to buy stock in the company. Proceeds
will be used to fund GM financial needs.

Workers owning the company? Isn't that communism?

Of course not.

Think UPS
Think Harley-Davidson.
There are several more examples I can't think of at the moment.

I was going to try it with the company I owned prior to the unexpected,
surprise offer of acquisition by another company.
The idea was an employee buyout, over time, at a price that now, as I
reflect back, was incredibly cheap.
I would have been paid out over a 10-15 year period that would help fund my
retirement.

I turned the "keys" over to a young, smart guy (this wasn't my son ... he
came later) who wanted to run the company in the future.
After three months, he handed the keys back and said he didn't realize the
time and stress requirements of the job.
It was understandable. He had a young family, two small kids, and the
demands of the job takes it's toll on the family.

In the case of Harley, the employee buyout from Brunswick is what
transformed it back to being a profitable company.
The quality of the bikes also improved dramatically.

Eisboch