Boater wrote:
Eisboch wrote:
"Canuck57" wrote in message
...
wrote in message
...

Get your facts strait..asswipe. CEOs, their lavish BONUSES, AND bad
designing...threw GM down the toilet.
I think you're jealous ( and too stupid, IQ wise ) YOU dont have a
good paying union job. You're also mad because you're working at the
FIRST job you ever had.....AGAIN.
They both did. That is why chapter 11 is necessary. Then you can
really fix this problem and not just play rant and rhetoric to it.

In chapter 11 the wages will be adjusted immediately. Management and
union alike.


Well, an attempt will be made by the bankruptcy judge or his assignee.
All or most contracted parties must approve the reorganization plan in
order to eventually re-emerge out of Chapter 11.

This would include management, contracted (union) employees, vendors
and other creditors. The plan must also be believable and viable.
Otherwise, it's off to Chapter 7 land.

Eisboch




Total compensation for the CEO of a large corporation should be no more
than 10 times the total compensation of the pay of the average worker at
the company.

Private companies can do what they want. Public companies have
compensation committees comprised of *elected* board members. Who are
you to toss out an arbitrary number?