Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Dec 2008
Posts: 1,521
Default Latest on GM unheavals...


"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   Report Post  
posted to rec.boats
HK HK is offline
external usenet poster
 
First recorded activity by BoatBanter: May 2007
Posts: 13,347
Default Latest on GM unheavals...

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   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Dec 2008
Posts: 1,521
Default Latest on GM unheavals...


"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   Report Post  
posted to rec.boats
HK HK is offline
external usenet poster
 
First recorded activity by BoatBanter: May 2007
Posts: 13,347
Default Latest on GM unheavals...

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   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Dec 2008
Posts: 1,521
Default Latest on GM unheavals...


"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   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Jul 2006
Posts: 10,492
Default Latest on GM unheavals...

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   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Aug 2008
Posts: 8,637
Default Latest on GM unheavals...

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   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Jul 2006
Posts: 902
Default Latest on GM unheavals...

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   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Dec 2008
Posts: 1,521
Default Latest on GM unheavals...


"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   Report Post  
posted to rec.boats
external usenet poster
 
First recorded activity by BoatBanter: Mar 2009
Posts: 312
Default Latest on GM unheavals...


"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




Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
The latest in boating first aid? JLH General 0 February 16th 07 02:34 PM
Latest From Me muzz UK Paddle 1 November 19th 05 02:05 PM
Latest poll SAIL LOCO ASA 3 October 18th 04 01:11 AM
The latest lie from the GOP Harry Krause General 6 October 4th 04 01:09 PM
The Latest Bush-ism... Jim General 20 August 28th 03 03:07 PM


All times are GMT +1. The time now is 11:52 PM.

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 BoatBanter.com.
The comments are property of their posters.
 

About Us

"It's about Boats"

 

Copyright © 2017