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General Motors Company Message Board

wngr123 344 posts  |  Last Activity: Feb 12, 2016 10:20 PM Member since: Oct 24, 2008
  • Reply to

    GM 2016

    by jeyebolt2003 Jan 8, 2016 3:54 PM
    wngr123 wngr123 Jan 10, 2016 8:00 AM Flag

    "So now its my credibilty for cut and pasting the Wall Street Journal."
    Yes it is for reasons obvious to most of us.

    "Go ahead and keep blaming the Union if it makes you feel better, but look in a mirror while doing it. Call Pat Buchcanan and tell him is is wrong also."
    Let me say this as simply as possible so that there is at least a chance you will understand.

    WE ARE TALKING ABOUT EXECUTIVE COMPENSATION NOW. WE CAN TALK ABOUT WHO IS KILLING GM ON SOME OTHER THREAD. PLEASE TRY TO STAY FOCUSED.

  • Reply to

    GM 2016

    by jeyebolt2003 Jan 8, 2016 3:54 PM
    wngr123 wngr123 Jan 9, 2016 7:54 PM Flag

    "By what the Wall Street Journal has printed."

    You can lead a horse to water but sometimes he's too stubborn to drink. OK, just be wrong. Your credibility is gone Jeye.

  • Reply to

    GM 2016

    by jeyebolt2003 Jan 8, 2016 3:54 PM
    wngr123 wngr123 Jan 9, 2016 7:42 PM Flag

    "Just go back and see what spread was between worker and CEO pay in 1965 to 2014."

    How are you defining executive pay?

  • Reply to

    GM 2016

    by jeyebolt2003 Jan 8, 2016 3:54 PM
    wngr123 wngr123 Jan 9, 2016 4:53 PM Flag

    "What happened to GM share buy back"

    All you have to do is read about it. THAT would be important information to a serious investor.

  • Reply to

    Bolt

    by rotacann Jan 9, 2016 1:25 AM
    wngr123 wngr123 Jan 9, 2016 4:51 PM Flag

    "Sir, you are a gutless, spineless coward. Again you use a Faked ID. You are a sorry excuse for a human and belong more to ISIS, than America."

    Yep, agreed. As soon as I see a faked ID based on someone's else's ID...ignore. I don't even read the post. Try it, you'll like it.

  • Reply to

    GM 2016

    by jeyebolt2003 Jan 8, 2016 3:54 PM
    wngr123 wngr123 Jan 9, 2016 4:48 PM Flag

    "Mgmt stock sells, whether the white goat came out of the barn before the white one, etc."

    Opps, screwed up the punch line.

    "....whether the white goat came out of the barn before the grey one, etc."

  • Reply to

    GM 2016

    by jeyebolt2003 Jan 8, 2016 3:54 PM
    wngr123 wngr123 Jan 9, 2016 4:46 PM Flag

    "Jeyedolt, You make it sound as if they are actually good, and people just have the wrong idea. Ever stop to think that they might actually suck?"

    He can't/won't understand that GM earnings have been decreasing every year since 2011. THAT'S why this stock isn't going anywhere. But he doesn't get that so he blames it on things he can understand better like P/R, CNBC, Mgmt stock sells, whether the white goat came out of the barn before the white one, etc.

  • Reply to

    Competition for the Bolt

    by corneliousvanderbuiltlives Jan 9, 2016 1:54 PM
    wngr123 wngr123 Jan 9, 2016 4:35 PM Flag

    "I see Model S cars almost every day here in my part of southern California. Most days, quite a few. There is a family with one around the corner from my house. Saw two just at lunch time today. Owners seem to love them."

    I've only seen one in SE Michigan as well. Of course, you can't buy one here in Michigan due to the lobbying effort of the dealers....yet another antiquated legislatively protected cost multiplier.

  • wngr123 wngr123 Jan 9, 2016 4:32 PM Flag

    "In Michigan a right to work law reduced the state teacher's union membership by nearly 20%."

    I read that too. I was surprised that the number was as high as 20%. I believe the public sector unions will lose more than the UAW.

    I agree that depending on the ruling, it could go bad for the unions. If they opt out now, they don't save all that much over their normal dues...I believe that only the amount used for political purposes is taken out.

  • Reply to

    GM PLUNGE STARTED WITH UAW CONTRACT

    by adrian_whapcaplet Jan 8, 2016 11:28 AM
    wngr123 wngr123 Jan 8, 2016 4:58 PM Flag

    "The fact remains GM stock was $34.15 at the time of Management payoff"

    Yep, it was the perfect storm:
    -No P/R
    -Management getting paid with "printed stock"
    -CNBC

    Forget what is happening on the general market trends or in China, Jeye knows.

  • Reply to

    GM 2016

    by jeyebolt2003 Jan 8, 2016 3:54 PM
    wngr123 wngr123 Jan 8, 2016 4:56 PM Flag

    "Be smart. Buy more, if you can afford it, on the down cycles."

    Jeye has no business in the stock market without some help. Not message board help but a broker or counselor than thinks beyond 'P/R' and CNBC.

  • I thought it was good, my wife thought it was boring.

  • Reply to

    Suggestion to Mary Barra

    by jeyebolt2003 Jan 8, 2016 12:22 PM
    wngr123 wngr123 Jan 8, 2016 3:06 PM Flag

    "She should tell the board buy management free shares off the open market instead of printing more stock"

    I'm sure if she sees your suggestion she will carefully read it. Then she will have best laugh in months. You REALLY don't get how this works do you?

  • Reply to

    CEO / Chairman

    by wngr123 Jan 7, 2016 4:09 PM
    wngr123 wngr123 Jan 7, 2016 8:50 PM Flag

    " I suspect combining COB and CEO makes no difference in the short or long term."

    You may be right. Apparently there isn't any conclusive data that says one structure or the other is better by any objective data. Thanks for your thoughts.

  • Reply to

    CEO / Chairman

    by wngr123 Jan 7, 2016 4:09 PM
    wngr123 wngr123 Jan 7, 2016 8:43 PM Flag

    " Considering the board is responsible for setting the compensation and oversight of the CEO; how is it that giving the CEO the role of COB in addition to their other responsibilities not create a conflict of interest?"

    Prior to the change, the COB was not on the Compensation Committee or any other committee. I assume that Barra will continue that to give the committee some autonomy. But I agree with your point, it does take away some advice and consent availability.

  • Reply to

    CEO / Chairman

    by wngr123 Jan 7, 2016 4:09 PM
    wngr123 wngr123 Jan 7, 2016 4:52 PM Flag

    "I share that view. Perhaps a few dollars saved. That is not a bad thing. "
    IMO, not worth the money, I would rather know that my interests are being focused on as a stockholder.

    "Wngr, separately, I have not looked closely at what Ms. Barra has done with her options, but I must tell you that I would prefer she held far more than the six times her salary that is required of her."
    I think that 6x is adequate, although I know in the past some senior executives have held much more than that. I think we have to remember that these people have investment goals just like we do and what's the first thing that your investment advisor tells you, DIVERSIFY.

    BTW, Ms Barra's 2014 compensation didn't include options. They have decided to go another way for some reason. Her grant for the Long Term Compensation Program includes 75% Performance Stock Units (PSUs) and 25% Restricted Stock Units (RSUs). The number of shares that she actually receives over three years will be determined by the company's attainment of the goals and the stock price at the time of delivery.

  • Reply to

    CEO / Chairman

    by wngr123 Jan 7, 2016 4:09 PM
    wngr123 wngr123 Jan 7, 2016 4:37 PM Flag

    "4 trading days after management payoff GM stock is down $4.16 No P/R. Just spending $500 Million and Mary new Job No P/R about China sales. Did GM buy shares back before Dec 31 2015?"

    Irrelevant Jeye. Not even close to the subject.

  • I've been a little surprised that no one has talked about the additional responsibilities of COB for Mary Barra in the past few days and I'm interested in any serious thoughts on the subject. I do not wish to talk about individual personalities, but rather the bigger issue of the combined jobs (read that morons please stay away).

    My personal opinion is that the Chairman, along with the Board, should be the voice of the share holders and the CEO should be the voice of the business. Most times these responsibilities aren't in conflict, but sometimes they diverge a little.

    What do you think?

  • wngr123 wngr123 Jan 6, 2016 3:47 PM Flag

    "No, they should have just followed bankruptcy law and the government should have stayed out of it."

    That's your opinion and that's fine. All I'm saying is that the choice was between liquidation and bailout. There was no possibility to restructure normally.

  • wngr123 wngr123 Jan 6, 2016 3:13 PM Flag

    "See my post of Jan 4, 2016 8:34 PM."

    Or Apr 22, 2014 9:21 PM, or Dec 21, 2013 7:05 PM, or Jul 2, 2013 3:54 PM. We've been through this several times.

GM
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