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.

Employees must own shares to work at GM. The amount is determined by their
compensation. They must own at least 20% of their annual compensation in
common shares of GM. If you are new, you must buy 5% of your anticipate
income immediately or you cannot be hired.

Managers need to own at least 25% minimum.

Executives must own the equivalent of last years total compensation or more.
This also applies to board members. Board members and executive not owning
at least 50% today are to be discharged unless they correct the issue in 20
days or less.

Shares already owned count so you don't have to buy more if you already have
them. You may own them any way you wish, but must control the percentage of
shares required.

If you don't have them then 15% of your wage/salary goes towards share
purchases until topped up to the minimum for your job and pay scale. If you
are an executive or manager, that amount increases to 25%. Shares will be
accumulated at the months lowest daily average minus 5%. You are not
allowed to sell shares below your percentage or those not vested for 3
years.

Shares will be initially issued by GM, later if solvent they will be
purchased off the market but for now new issues to raise cash. The cash
will be used to finance the company. No need to rip or beg from taxpayers
like beggars and thieves. Plus, you get to own the company and vote for
your choice of the CEO!

Solves a lot of problems for everyone.

CAW/UAW, put your money where your mouth is!

"Canuck57" wrote in message
...
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.

Employees must own shares to work at GM. The amount is determined by
their compensation. They must own at least 20% of their annual
compensation in common shares of GM. If you are new, you must buy 5% of
your anticipate income immediately or you cannot be hired.

Managers need to own at least 25% minimum.

Executives must own the equivalent of last years total compensation or
more. This also applies to board members. Board members and executive not
owning at least 50% today are to be discharged unless they correct the
issue in 20 days or less.

Shares already owned count so you don't have to buy more if you already
have them. You may own them any way you wish, but must control the
percentage of shares required.

If you don't have them then 15% of your wage/salary goes towards share
purchases until topped up to the minimum for your job and pay scale. If
you are an executive or manager, that amount increases to 25%. Shares
will be accumulated at the months lowest daily average minus 5%. You are
not allowed to sell shares below your percentage or those not vested for 3
years.

Shares will be initially issued by GM, later if solvent they will be
purchased off the market but for now new issues to raise cash. The cash
will be used to finance the company. No need to rip or beg from taxpayers
like beggars and thieves. Plus, you get to own the company and vote for
your choice of the CEO!

Solves a lot of problems for everyone.

CAW/UAW, put your money where your mouth is!


I like it.

"Calif Bill" wrote in message
m...

"Canuck57" wrote in message
...
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.

Employees must own shares to work at GM. The amount is determined by
their compensation. They must own at least 20% of their annual
compensation in common shares of GM. If you are new, you must buy 5% of
your anticipate income immediately or you cannot be hired.

Managers need to own at least 25% minimum.

Executives must own the equivalent of last years total compensation or
more. This also applies to board members. Board members and executive
not owning at least 50% today are to be discharged unless they correct
the issue in 20 days or less.

Shares already owned count so you don't have to buy more if you already
have them. You may own them any way you wish, but must control the
percentage of shares required.

If you don't have them then 15% of your wage/salary goes towards share
purchases until topped up to the minimum for your job and pay scale. If
you are an executive or manager, that amount increases to 25%. Shares
will be accumulated at the months lowest daily average minus 5%. You are
not allowed to sell shares below your percentage or those not vested for
3 years.

Shares will be initially issued by GM, later if solvent they will be
purchased off the market but for now new issues to raise cash. The cash
will be used to finance the company. No need to rip or beg from
taxpayers like beggars and thieves. Plus, you get to own the company and
vote for your choice of the CEO!

Solves a lot of problems for everyone.

CAW/UAW, put your money where your mouth is!


I like it.

Send it to your senator, congressman or MP.....

Lets not let main street get screwed for UAW/CAW. Time they did something
other than whine.

I don't see others getting bailed out. What makes UAW/CAW so sacred. Ford
and Chrysler can pick up the slack and save more of their people.

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.

Employees must own shares to work at GM. The amount is determined by their
compensation. They must own at least 20% of their annual compensation in
common shares of GM. If you are new, you must buy 5% of your anticipate
income immediately or you cannot be hired.

Managers need to own at least 25% minimum.

Executives must own the equivalent of last years total compensation or more.
This also applies to board members. Board members and executive not owning
at least 50% today are to be discharged unless they correct the issue in 20
days or less.

Shares already owned count so you don't have to buy more if you already have
them. You may own them any way you wish, but must control the percentage of
shares required.

If you don't have them then 15% of your wage/salary goes towards share
purchases until topped up to the minimum for your job and pay scale. If you
are an executive or manager, that amount increases to 25%. Shares will be
accumulated at the months lowest daily average minus 5%. You are not
allowed to sell shares below your percentage or those not vested for 3
years.

Shares will be initially issued by GM, later if solvent they will be
purchased off the market but for now new issues to raise cash. The cash
will be used to finance the company. No need to rip or beg from taxpayers
like beggars and thieves. Plus, you get to own the company and vote for
your choice of the CEO!

Solves a lot of problems for everyone.

CAW/UAW, put your money where your mouth is!

The company, board of directors, will still be able to vote down any
proposal by the employees due to the BOD voting the company owned shares.

"BAR" wrote in message
...
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.

Employees must own shares to work at GM. The amount is determined by
their compensation. They must own at least 20% of their annual
compensation in common shares of GM. If you are new, you must buy 5% of
your anticipate income immediately or you cannot be hired.

Managers need to own at least 25% minimum.

Executives must own the equivalent of last years total compensation or
more. This also applies to board members. Board members and executive
not owning at least 50% today are to be discharged unless they correct
the issue in 20 days or less.

Shares already owned count so you don't have to buy more if you already
have them. You may own them any way you wish, but must control the
percentage of shares required.

If you don't have them then 15% of your wage/salary goes towards share
purchases until topped up to the minimum for your job and pay scale. If
you are an executive or manager, that amount increases to 25%. Shares
will be accumulated at the months lowest daily average minus 5%. You are
not allowed to sell shares below your percentage or those not vested for
3 years.

Shares will be initially issued by GM, later if solvent they will be
purchased off the market but for now new issues to raise cash. The cash
will be used to finance the company. No need to rip or beg from
taxpayers like beggars and thieves. Plus, you get to own the company and
vote for your choice of the CEO!

Solves a lot of problems for everyone.

CAW/UAW, put your money where your mouth is!

The company, board of directors, will still be able to vote down any
proposal by the employees due to the BOD voting the company owned shares.

Hey, if the union had a spine they have management by the curlies.
Seriously. If they are selling 3% of Suzuki for 3 days of operating cash
flow I would say they are about as open as they will get.

Call up the board of directors, come with a decent in the guts and super
serious plan sparing nothing. Don't waste their time with meatball
politics. They will look at page one and if they don't see a huge turn
around they will not get to page 2. Hint, $2/hr isn't going to cut it.

Oh I know the union line, no my job. Guess what, it is very much your job
to assure who you work for is financially healthy. Either that or pass the
job to someone who cares.

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?

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?

Nope. Not at all. Some very successful companies have many employees
financially involved it its well being. Which is precisely GMs problem,
making them shareholders diffuses 30 years of union rant.

For example, say people are not buying a model of car. Having 1600 plant
employees hammering on invested management is going to see change quickly
and decisively. For it they don't they too loose. Nice motivation. But if
they are successful, $3 becomes $6 becomes $60.... And most importantly,
turn their brains back on how capitalism is supposed to really work.

But then again, the only thing UAW/CAW wants is a free lunch on the rest of
us. Change? Why change? Just like deer looking into headlights. No
consideration at all on who bails out the many more thousands who have lost
jobs, just a me-me attitude of selfishness. Tax then for us attitude is
just ludicrous.

Buzz Hargrove knew when to save his ass. Bet he locked in his pension
before Chrysler "adjusts" it.

http://en.wikipedia.org/wiki/Buzz_Hargrove

Socialists do eat their young, just remove capitalist to find out.

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

On Nov 17, 8:28*pm, "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.

Employees must own shares to work at GM. *The amount is determined by their
compensation. *They must own at least 20% of their annual compensation in
common shares of GM. *If you are new, you must buy 5% of your anticipate
income immediately or you cannot be hired.

Managers need to own at least 25% minimum.

Executives must own the equivalent of last years total compensation or more.
This also applies to board members. *Board members and executive not owning
at least 50% today are to be discharged unless they correct the issue in 20
days or less.

Shares already owned count so you don't have to buy more if you already have
them. *You may own them any way you wish, but must control the percentage of
shares required.

If you don't have them then 15% of your wage/salary goes towards share
purchases until topped up to the minimum for your job and pay scale. *If you
are an executive or manager, that amount increases to 25%. *Shares will be
accumulated at the months lowest daily average minus 5%. *You are not
allowed to sell shares below your percentage or those not vested for 3
years.

Shares will be initially issued by GM, later if solvent they will be
purchased off the market but for now new issues to raise cash. *The cash
will be used to finance the company. *No need to rip or beg from taxpayers
like beggars and thieves. *Plus, you get to own the company and vote for
your choice of the CEO!

Solves a lot of problems for everyone.

CAW/UAW, put your money where your mouth is!

What was that Tom Hanks movie about a US car maker being taken over by
a Japanese outfit?

Seriously, this is finally a good idea on your part and it should be
part of every company large and small.

The only problem I can see is gettingover the "Us Them" mentality that
goes way back to the 30's during strike breaking. You'd have to look
at some way of resolving that.

CAW/UAW is not the problem, only a symptom. The problem is the GM
corporate culture as well as American corporate culture. As Canadian,
we can't even start to toss money at GM until we know which way th eUS
is going to go. We'd be better off tossing money at Toyota and the
other non-NA manufacturers.

"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.