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#1
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posted to rec.boats
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![]() "HK" wrote in message m... Damned company ought to be delisted. It is worthless. Weren't you in favor of keeping them alive not long ago in the best interests of the union workers who would become otherwise unemployed, not to speak of certain loss of retirement benefits? I keep repeating myself. Chapter 11 is the way to go. It would allow renegotiation of *all* contracts including debt, suppliers and union under the guidance of a federal bankruptcy court to ensure fairness. It also appears that the White House is finally coming around to the same conclusion. Eisboch |
#2
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posted to rec.boats
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Eisboch wrote:
"HK" wrote in message m... Damned company ought to be delisted. It is worthless. Weren't you in favor of keeping them alive not long ago in the best interests of the union workers who would become otherwise unemployed, not to speak of certain loss of retirement benefits? I keep repeating myself. Chapter 11 is the way to go. It would allow renegotiation of *all* contracts including debt, suppliers and union under the guidance of a federal bankruptcy court to ensure fairness. It also appears that the White House is finally coming around to the same conclusion. Eisboch Delisting is not the same as killing. Oh...and the unions already offered up tremendous concessions. GM needs massive restructuring with an entirely new management team. The corporate bozos in there now need to go. |
#3
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posted to rec.boats
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![]() "HK" wrote in message m... Eisboch wrote: "HK" wrote in message m... Damned company ought to be delisted. It is worthless. Weren't you in favor of keeping them alive not long ago in the best interests of the union workers who would become otherwise unemployed, not to speak of certain loss of retirement benefits? I keep repeating myself. Chapter 11 is the way to go. It would allow renegotiation of *all* contracts including debt, suppliers and union under the guidance of a federal bankruptcy court to ensure fairness. It also appears that the White House is finally coming around to the same conclusion. Eisboch Delisting is not the same as killing. Oh...and the unions already offered up tremendous concessions. GM needs massive restructuring with an entirely new management team. The corporate bozos in there now need to go. Assuming GM is to continue as a going concern, what possible benefit is there to delisting? It's too bloated to be a private corporation ..... look at Chrysler. Chrysler is a fraction of the size of GM and, as a privately held corporation, is the most unlikely to survive. Chrysler's death spiral started over a decade ago. Someone made the quip recently that GM is really a health care company that builds cars in an attempt to support itself. All the existing contracts with everybody they do business with, including the unions, need to be torn up and renegotiated |
#4
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posted to rec.boats
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Eisboch wrote:
"HK" wrote in message m... Eisboch wrote: "HK" wrote in message m... Damned company ought to be delisted. It is worthless. Weren't you in favor of keeping them alive not long ago in the best interests of the union workers who would become otherwise unemployed, not to speak of certain loss of retirement benefits? I keep repeating myself. Chapter 11 is the way to go. It would allow renegotiation of *all* contracts including debt, suppliers and union under the guidance of a federal bankruptcy court to ensure fairness. It also appears that the White House is finally coming around to the same conclusion. Eisboch Delisting is not the same as killing. Oh...and the unions already offered up tremendous concessions. GM needs massive restructuring with an entirely new management team. The corporate bozos in there now need to go. Assuming GM is to continue as a going concern, what possible benefit is there to delisting? It's too bloated to be a private corporation ..... look at Chrysler. Chrysler is a fraction of the size of GM and, as a privately held corporation, is the most unlikely to survive. Chrysler's death spiral started over a decade ago. Someone made the quip recently that GM is really a health care company that builds cars in an attempt to support itself. All the existing contracts with everybody they do business with, including the unions, need to be torn up and renegotiated I'm all in favor of a national health care plan for auto workers. |
#5
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posted to rec.boats
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![]() "HK" wrote in message m... I'm all in favor of a national health care plan for auto workers. So am I, but not just for auto workers. And not run by the government. It needs to affordable, provide quality care, and not a outlandish financial burden on companies. In fact, companies shouldn't be in the business of being health care administrators, period. Eisboch |
#6
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posted to rec.boats
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On Mon, 30 Mar 2009 12:52:43 -0400, "Eisboch"
wrote: In fact, companies shouldn't be in the business of being health care administrators, period. At one time health care was a fringe benefit offered by employers to attract and retain good people. What happened to that concept? |
#7
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posted to rec.boats
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On Mon, 30 Mar 2009 14:25:12 -0400, Wayne.B
wrote: On Mon, 30 Mar 2009 12:52:43 -0400, "Eisboch" wrote: In fact, companies shouldn't be in the business of being health care administrators, period. At one time health care was a fringe benefit offered by employers to attract and retain good people. What happened to that concept? One word...unions. -- John H "My reading of history convinces me that most bad government results from too much government." Thomas Jefferson |
#8
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posted to rec.boats
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On Mon, 30 Mar 2009 14:25:12 -0400, Wayne.B wrote:
At one time health care was a fringe benefit offered by employers to attract and retain good people. What happened to that concept? I guess bad people need health care too. |
#9
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posted to rec.boats
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![]() "Wayne.B" wrote in message ... On Mon, 30 Mar 2009 12:52:43 -0400, "Eisboch" wrote: In fact, companies shouldn't be in the business of being health care administrators, period. At one time health care was a fringe benefit offered by employers to attract and retain good people. What happened to that concept? Cost. As a fringe benefit the company either paid the premium fully or paid a major portion of it. But as the premiums have soared over the past 20 years and the introduction of HMO's that further escalated costs, group health insurance, as a benefit in small business has become a significant cost of doing business. For those in some industries it has become difficult to compete price-wise with other companies that don't have a health plan benefit. Another issue is simply the cost and time of administrating the program. We used to do it through our small HR department, even though it cost the company money with no financial consideration for the service. I always thought that Blue Cross should compensate small businesses for administrating *their* program. Some companies are now being forced to add a "service charge", just to help cover the cost of administrating the health program. Business, especially small ones, should not be in the health insurance administration business. It would be far better to pay the employees additional money in their paycheck and allow them to purchase their own plan. Contrary to what many believe, you cannot simply "pass on" the cost to the customer in all types of businesses. Eisboch |
#10
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posted to rec.boats
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![]() "HK" wrote in message m... Eisboch wrote: "HK" wrote in message m... Eisboch wrote: "HK" wrote in message m... Damned company ought to be delisted. It is worthless. Weren't you in favor of keeping them alive not long ago in the best interests of the union workers who would become otherwise unemployed, not to speak of certain loss of retirement benefits? I keep repeating myself. Chapter 11 is the way to go. It would allow renegotiation of *all* contracts including debt, suppliers and union under the guidance of a federal bankruptcy court to ensure fairness. It also appears that the White House is finally coming around to the same conclusion. Eisboch Delisting is not the same as killing. Oh...and the unions already offered up tremendous concessions. GM needs massive restructuring with an entirely new management team. The corporate bozos in there now need to go. Assuming GM is to continue as a going concern, what possible benefit is there to delisting? It's too bloated to be a private corporation ..... look at Chrysler. Chrysler is a fraction of the size of GM and, as a privately held corporation, is the most unlikely to survive. Chrysler's death spiral started over a decade ago. Someone made the quip recently that GM is really a health care company that builds cars in an attempt to support itself. All the existing contracts with everybody they do business with, including the unions, need to be torn up and renegotiated I'm all in favor of a national health care plan for auto workers. I'm all in favor of programs that would allow me to stay home, get a check every week, have full health care like I have now with Humana, sleep as long as I want, and to go fishing whenever I felt like it. Steve |
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