"Eisboch" wrote in message
...

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
====================

Excellent way to go and maybe the only way for the future.
Isn't Canwest in this picture too. I'm sure there's many more but you can
bet the CEOs will fight it to the end unless the government forces it on
them.
As the next poster mentions , the old them/us mentality can be a problem
but once your paycheck is tied to your input, that mentality can change
quickly.

The strike should be a relic of the past, it can be damaging to both the
employee and/or the company. The auto industry is where it's at because of
strong unions as well as bad management. As owners , workers will have an
option vote to just having a strike vote.

Now the workers can lose everything including their pensions, so there has
to be a better way than handing out million dollar bonuses to non-performing
CEOs., while the paychecks and the pensions goes down the drain.

I'm a firm believer that the best ideas can most often come from the shop
floor and not the boardroom.