i worked at drive automotive for three years
eight months, i was there durring the start up in 1994.
i'd thought i'd seen it all until one day, in 1995
(december i think it was), a new toolroom manager was
appointed. he was chosen by a man called max. i think he was
the vp of magna at the time. anyway from this day
forward the toolroom hasn't been the same since. the mans
name in charge is mick hickey, brother of eddie hickey
(gm of massive tool & die canada). mick was my boss
for several years before he fired me in 1998. i was
fired because of my work performance. at my exit
interview i asked how a company could wait this long before
firing someone for work performance, but they could not
give me an answer. the decision was final and nothing
i said was going to change there minds. its been
ten months since that time and i still here ghost
stories of what goes on there. what i dont understand is
how mick can literaly go around telling everyone that
if he dosen't get his way in anything, he will go to
max about it. he says he dosen't work for drive he
works for "the man above", meaning max. he has told
myself and many other people this on countless
occasions. i could give many examples of what he does but i
don't have time. i had called the "hot line" a number
of times, and told them of things that go on, one
thing that really bothers me is how mick still had
associates on the payroll when they no longer worked for
magna, (i have proof of this i faxed to gary sparanzini
at the hot line). as far as i know this was looked
into but nothing was ever done about it. i have copies
of other forged documents made by mick i faxed also,
that were "looked into". what i don't understand is
how can he get away with all that he does. this is a
small portion of what goes on here. i am still in
contact with several people at drive and i hear of what
goes on all the time. i don't care if i get a response
to this or not, i just thought someone out there
would like to know a little about what goes on here at
drive. it may make them think twice about moving down
here, then again it may not. research into this company
before a person is hired in here is highly recomended
before making a move. don't let the interview fool
anyone. drive automotive isn't all what its cracked up to
be. i'd like to say they're a chapter in my life
closed up, but i still can't get over any of the things
that has happened or is still happening. i don't like
what has happened and i haven't made any of this up. i
wouldn't post any of this otherwise.
Some mutual fund manager on
ROB TV saying Magna was a good buy, was a great
company and their shares would do well when their
racetrack stuff was unloaded around December. Said the
stocks tanking made it a good buy.
Probably had Bre-x as a major holding in the past.
Who, that knows squat about fundamental investing,
would want Magna except at an absolute steal, and even
then only as a trading stock?
Qualative factors as
well as quantative factors should be a factor in
making an investment decision.
Free tickets for shareholders to the race tracks
they own huh?
Sounds like you have all of the
qualifications to become a certified Magna shareholder,
You'll have to ask Frank Stronach about that one but I
expect that you can count on being taken for a ride and
fed a lot of horseshit.
Close, but no cigar.
I converted my "Magnut" convertible preferred at
the time of which you speak.
Most of us that did
that, I would assume, are long gone out of this turkey
company, leaving the present turkey "Strawbucks" to the
I chalk it up to a learning experience to stay out
of companies in the future like Magna and Corel with
arseholes at the top.
Fortunately I generally do and you
won't see my ass for dust when I find out that some
arsehole is running a company. Unfortunately many
companies are run by arseholes.
When you plan to buy
into a public company it pays to contact their
investor relations dept and ask pointed questions and see
how they are answered and you are treated. Ignore
analists positive remarks. Use your own brain.
you planned to buy a clotheswasher, not a major
purchase, and I was the salesman and I basically told you
not to bother me with details and buzz off, I think
you would move on.
Stocks like Magna are the
kind you should move on from. You might make money
eventually on Magna but I think you sleep better at night
owning companies with management you admire, not
companies run by ignorant turkeys calling the shots.
Should Magna shareholders do what callnet
The dictatorship of Frank Stronach
directly push this stock to these lows.
be some people that go for the IPO years ago and
acquire the new magna shares at around 100 cdn. These
people have every reason to pull down this dictator,
maybe pushing him out of his office to the horseracing
CAW takes a good time to attack.
is a jerk, is a jerk, is a jerk, is a jerk, is a
This message directed at Frank Stronach.
makes Corel's Dr. Cowpland look like a model
Very likely all of Magna's operations will eventually
With Stronach at the helm that would probably be
Now the company has active union pressure besides
a complete turkey for a chairman of the
Butt Hargrove admits that his members not happy with
his (Butts') decision to hit on D-Chrysler over
Magna. I guess they figure Magna's shareholders have
enough problems with Little Ceasar.
is perhaps more of a personality description than
the name "Buzz". In fairness "Buttbuzz" perhaps
should be used.