On Fri, 14 Nov 2008 13:43:34 -0800 (PST), Frogwatch
wrote:

On Nov 14, 4:38 pm, "Eisboch" wrote:
"Don White" wrote in message

...



Grossly overpaid incompetent management. Unbelieveable the compensation
packages they receive while the industry heads for the dumpster.

Maybe. But they are under a contract to be paid it, just like the members
of the UAW employees.

As horrifying and ridiculous as it is, it only becomes an issue when times
are tough. When GM was making money hand over fist, nobody cared what the
top management made. That's also when the employment contracts were
written.

I am not saying it's right. It's just a matter of fact. In good times the
shareholders want the best management their money can buy to maximize their
return on investment. In bad times they just want good management.

Eisboch

Here is an interesting set of stats from TCS daily:

"Here's a stat from my friend, blogger Mark Perry: Total compensation
per hour for the big-three carmakers is $73.20. That's a 52 percent
differential from Toyota's (Detroit South) $48 compensation (wages +
health and retirement benefits). In fact, the oversized UAW-driven pay
package for Detroit is 132 percent higher than that of the entire
manufacturing sector of the U.S., which comes in at $31.59."

So, the Dems want to bail out this bloated dinosaur?

My kid is a union electrician, and he is pretty good at it, for thirty
bucks an hour.

Casady