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General Motors Company Message Board

  • jeyebolt2003 Feb 14, 2013 4:47 PM Flag

    GM profits would be much higher without parasitic UAW


    Without the UAW profits would drive the share price over $100 easily.

    Sentiment: Strong Buy

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    • As long as the greedy B of D's, mgt and labor have access to the distribution of profits, there will never be enough left over to trickle down to the owners, the common share holders. The owners should be at the top of the list not the bottom.

      • 1 Reply to scarbrobill
      • ((((The owners should be at the top of the list not the bottom.))))

        Of COURSE they SHOULD be at the top of the list. But since when does GM ever do the right thing?
        Why is there no dividend for shareholders when the CEO is taking home a multimillion dollar salary and the hourlies are getting thousands apiece in bonuses?

        As a taxpayer, I say NO ONE gets a bonus until the taxpayers are PAID IN FULL, WITH INTEREST, as promised to us over and over during the bailout talks!
        Then, if there IS any money, the SHAREHOLDERS should be first in line.
        This company effs over its shareholders like few I've ever seen. Okay, Enron. Sears. WorldCom. Conseco. A few others were worse.

        BUT NOT MANY I can think of that CONSISTENTLY hose their owners! I have been in the market for 33 yrs if not more.....and I am just GLAD I do not own this pile of dog she ee e ee it!


        Sentiment: Strong Sell

    • You dont even know what a union is . Unions protect emplyees against tactics by employers to force their employees to work as many hours as they can for as little wages as possible . Does your feeble mind think UAW is only for car people ? The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, better known as the United Auto Workers (UAW), is a labor union which represents workers in the United States and Puerto Rico, and formerly in Canada. Founded as part of the left-wing Congress of Industrial Organizations (CIO) in the 1930s, the UAW grew rapidly from 1936 to the 1950s. Under the leadership of Walter Reuther (president 1946-70) it played a major role in the liberal wing of the Democratic party, including the civil rights and anti-Communist movements. The UAW was especially known for gaining high wages and pensions for the auto workers, but it was unable to unionize auto plants built by foreign-based car-makers in the South after the 1970s, and went into a steady decline in membership.

      UAW members in the 21st century work in industries as diverse as autos and auto parts, health care, casino gaming and higher education. Headquartered in Detroit, Michigan, the union has about 390,000 active members and more than 600,000 retired members in 750 local unions, which negotiated 2,500 contracts with some 1,700 employers.]

      • 4 Replies to toyotasoldier
      • I am glad to see the UAW labor force have half as many active members as ex-members. PLEASE DIE, UAW.
        JUST DIE. I despise this organization. If GM somehow ejected the UAW, I think I would buy their stock the next day. All other problems they have a somewhat soluble. Having the UAW around is an untenable position for any car company. Just my opinion, of course. I will let others speak for themselves.

        Sentiment: Strong Sell

      • (((Does your feeble mind think UAW is only for car people ?)))
        Well, it probably would be, if the leaders weren't deathly terrified of losing the monthly tribute from saps like you that hang onto outdated socialist dogma and follow any thug who promises you a GM paycheck. But UAW leaders have had to stoop to ridiculous levels recently, pathetically begging fringe groups they can find to please subscribe to their useless and worthless organization, just so they won't lose their perks and political muscle. But it's not working. America is truly disgusted by the UAW after this bailout ripoff. You guys effed with the wrong country this time, and we're #$%$. WE DON'T WANT YOUR CARS. GET IT?! Why don't you just change your name, or just go someplace and die?

        Sentiment: Strong Sell

      • Look at the union problems in Europe, they think they run the company. A bunch of lazy slugs supporting any left wing socialist government so they get protection. Nothing more than pimps skimming dues from members offering protection that they cannot provide. I have neighbors who work at Ford in Oakville that brag about their pay,perks,discounts,benefits and all they have is grade 9 or higher. A lot of my neighbors buy non union made products like Honda or Toyota that are made in Ontario Canada rather than support communist stooge braggarts.

        Sentiment: Buy

    • What about greedy upper mgt and B of D's? What is upsetting is that stock holders do not revolt. We just sit back and let mgt and labor take all of the profits. As owners we should be first with our hand in the profit, not last.

31.39+0.100(+0.32%)May 27 4:01 PMEDT