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 22:17:33 -0500, BAR wrote:

No need to rip or beg from taxpayers
like beggars and thieves

No. Rip off the shareholders, especially the widows and orphans.

Casady

Richard Casady wrote:
On Mon, 17 Nov 2008 22:17:33 -0500, BAR wrote:

No need to rip or beg from taxpayers
like beggars and thieves

No. Rip off the shareholders, especially the widows and orphans.

Casady

The share holders bought into the risk. We didn't

"Jim" wrote in message
...
Richard Casady wrote:
On Mon, 17 Nov 2008 22:17:33 -0500, BAR wrote:

No need to rip or beg from taxpayers
like beggars and thieves

No. Rip off the shareholders, especially the widows and orphans.

Casady

The share holders bought into the risk. We didn't

For GM, yes. I agree. For bank stock holders I agree. So what if any or
all of them go bankrupt? They are in fact bankrupt!

If the government is serious about getting the economy going they need only
do just 3 things.

1) Ignore bail out whiners. Simply turn them away. No more government
money for banks, GM or anyone else. Only the insured bank accounts and that
is it. People need to look after themselves and read the Three Pigs. Save
for a rainy day. Become more self sufficient and no look to pick the
pockets of others for a living.

2) Whack taxes leaving more in the middle class working persons pocket. The
tax reduction is targets straight to the middle class taxpayers. This
infusion of hard currency is needed so they can pay mortgages and buy stuff
and real long term stimulus. No $300 quick fix here girls and boys.

3) Whack the spending in government and don't print or borrow more money.
Government has to downsize to fit. Start paying down debt not with currency
credit (print money) but with real currency. Yes, this probably means 1/2
the size it is now. 20 years of debt and print now demand payment.

People will have to start paying their debts or this will go further down
the hole than 1929. And I figure if government does not put it's credit
card away long before Christmas, 1929 will look like good times.

By the time this is over being a debtor not paying your bills will revert to
the old ways. Servitude until it is paid.

"Richard Casady" wrote in message
...
On Mon, 17 Nov 2008 22:17:33 -0500, BAR wrote:

No need to rip or beg from taxpayers
like beggars and thieves

No. Rip off the shareholders, especially the widows and orphans.

Casady

I am thinking about time to exit the US market. Any thoughts on good long
term places to be these days? I was thinking South America.

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?