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General Motors Company Message Board

wngr123 355 posts  |  Last Activity: 19 hours ago Member since: Oct 24, 2008
  • Reply to

    GM insiders working for the stock holders

    by jeyebolt2003 Jan 5, 2016 8:25 PM
    wngr123 wngr123 Jan 5, 2016 8:59 PM Flag

    "Another 13,171 shares dump onto the Market just from Marry Barra with a nice payday of $449,789.65 FOR 3 MONTHS and the stock is down almost $2 a sharec since 12/31/15"

    You really don't understand this stuff do you? This is her pay Jeye. When you got your paycheck, did you keep it and not cash it or deposit it?

    Did you think 13,000 shares is going to cause the other 1.5 Billion shares to be diluted? LMAO. It represents .0009% of the outstanding shares.

  • Reply to

    GM insiders working for the stock holders

    by jeyebolt2003 Jan 5, 2016 8:25 PM
    wngr123 wngr123 Jan 5, 2016 8:32 PM Flag

    "1. Name and Address of Reporting Person*
    Barra Mary T"

    Yes, this is an accurate portrayal of the Form 4 just issued today although it would be much easier to read in it's original format.

    Did you have a point that you wanted to make or is this another cut and paste that you're wanting someone else to explain to you?

  • Reply to

    Barrons makes GM a top pick for 2016

    by scalebalancer Dec 7, 2015 9:36 AM
    wngr123 wngr123 Jan 5, 2016 8:22 PM Flag

    "really wngr-W giving tax breaks he could not afford"

    Jayhawky, here's what I said:

    "This economic recession was entirely man made perpetrated by many, but Barney Frank, Chris Dodd, Franklin Raines, and Daniel Mudd are certainly among them."

    Key phrase is "by many". Are you seriously saying that the four I mentioned were faultless?

  • Reply to

    Barrons makes GM a top pick for 2016

    by scalebalancer Dec 7, 2015 9:36 AM
    wngr123 wngr123 Jan 5, 2016 7:58 PM Flag

    "Your post is a joke. It is so filled with lies, misrepresentations and intentional deceit that it boggles the mind. "

    His post is NOT a joke. This economic recession was entirely man made perpetrated by many, but Barney Frank, Chris Dodd, Franklin Raines, and Daniel Mudd are certainly among them.

  • Reply to

    China will take our market down big time today

    by rotacann Jan 4, 2016 8:21 AM
    wngr123 wngr123 Jan 5, 2016 7:44 PM Flag

    "Sorry wngr God gave me mind"

    Maybe you can get a refund.

  • Reply to

    China will take our market down big time today

    by rotacann Jan 4, 2016 8:21 AM
    wngr123 wngr123 Jan 5, 2016 6:42 PM Flag

    "This time I give wngr a thumbs up."

    Please don't do that Jeye. It makes me question myself.

  • Reply to

    China will take our market down big time today

    by rotacann Jan 4, 2016 8:21 AM
    wngr123 wngr123 Jan 5, 2016 9:20 AM Flag

    "1) The UAW would have gone bankrupt."
    Absolutely

    "2) Numerous suppliers would have gone bankrupt. Then they would have been taken over for pennies and gone back into business at some point."
    Yes, the supplier community was not in great shape even before the financial crisis in 2006-2008. We were always scrambling trying to find substitute suppliers and getting them certified. I don't agree that all of them would have gotten back into business. I'm sure there would have been pretty substantial consolidation.

    "3) Foreign carmakers would have had a short term bonanza, taking up the slack. "
    Only to the extent that their installed capacity would allow. No one had the 3 million car excess capacity that GM would have vacated. Because of the under supply situation, car prices would have risen and it wouldn't have been good for consumers...higher prices, fewer choices.

    "4) American car startups would have boomed. Fisker would probably not have failed. Tesla would be riding a huge wave of popularity."
    I have to disagree here. These cars tend to be higher in cost and considering the tight credit, unemployment, and general economic malaise at that time, I don't believe that the high end of the car market would have fared that well.

    "5) Toyota would probably have cherry picked a few of the more modern GM and vendor plants in the USA and so would Nissan (Carlos Ghosn is a forward thinker) and the rest would have been surplused and salvaged and repurposed or scrapped. "
    Couldn't disagree more here. The remaining car makers would have scooped up the Mexican plants first. Any of the US plants would have been a very hard sell due to the UAW. Why would anyone want a US plant over a Mexican plant. GM's Mexican plants are huge complexes with most of them having their own stamping, engine, and transmission plants on the same site. For these reasons, together with the better (and significantly less costly work forces) would make them very attractive.

  • Reply to

    China will take our market down big time today

    by rotacann Jan 4, 2016 8:21 AM
    wngr123 wngr123 Jan 4, 2016 8:34 PM Flag

    " GM should have not been bailed out and allowed to through bankruptcy reorganization, which would have left it smaller, but stronger than the Government Motors we have today."

    GM declared bankruptcy for the usual reason, they were out of cash. There were two choices at the time, bail out or liquidation, because bank credit was frozen in 2009. Private equity and hedge funds were all locked down as well. There were no other sources of funds to get them through the bankruptcy besides the government.

    People can debate the legitimacy and wisdom of the bailout, but it was the only thing that could prevent liquidation. Some say that the company SHOULD have liquidated, I'm not sure that would have been the smartest thing.

  • Reply to

    China will take our market down big time today

    by rotacann Jan 4, 2016 8:21 AM
    wngr123 wngr123 Jan 4, 2016 11:12 AM Flag

    "You will notice that the exact second QE started, our economy stopped producing manufacturing jobs."

    It's a bigger issue than QE. The reduction in manufacturing jobs has been happening for a long time. In 2000, there were 17.3 million manufacturing jobs in the US. By 2003, that fell to 14.3M, and by 2008 when QE began it was 13.4. The last data point I have is 2013 when it was 12.0M.

    I believe NAFTA had more to do with the loss of US manufacturing jobs than QE. When the barriers to trade were torn down by NAFTA, US manufacturing labor couldn't compete and jobs begin moving to foreign manufacturing points.

    Yes, Delphi is a good example of what is happening here.

  • Reply to

    Page 41

    by jeyebolt2003 Jan 3, 2016 9:29 PM
    wngr123 wngr123 Jan 4, 2016 10:44 AM Flag

    "I suggest you should send to the Wall Street Journal and the New York Times as they reported from GM Proxy"

    No. If I did they would think I was just some bumpkin from the Upper Peninsula of Michigan that didn't understand the difference between the TARGETED compensation and the ACTUAL compensation. You didn't read the pages of the Proxy that I suggested did you? I can't help you if you don't try Jeye. You will just continue to look ignorant.

    BTW, do you vote your GM stock? If you don't understand the Proxy agenda items, you may want to consider just abstaining to allow the share holders that DO actually understand to give the BOD information. You may also want to establish an account with a reputable broker and follow their advice to the letter since you clearly don't understand what companies are all about. That's good advice but you're welcome to take it or leave it...it's your money.

    However, if you continue to whine about pay ratios with CEO's, I will endeavor to take out your legs from beneath you once again.

  • Reply to

    Page 41

    by jeyebolt2003 Jan 3, 2016 9:29 PM
    wngr123 wngr123 Jan 4, 2016 6:58 AM Flag

    "and equity awards that vested in the respective years."
    OK, it's a new day. Let's try one more time.

    There are three components of Barra's compensation.

    Base salary paid in cash = $1,600,000

    Short term incentives paid in cash based on stock price and attainment of goals for EBIT-Adjusted, Adjusted AFCF, Global Market Share, and Global Quality. Her TARGET for 2014 if she attained exactly 100% of these goals was $2.8M. She actually attained 74% of those goals, so she gets $2,072,000.

    Long term incentives are vested and paid over 3 years. So for her 2014 compensation, she received NONE of these. She may received SOMETHING at the end of 2017 depending on 3 things.
    1. If she meets the targets for return on invested capital and global market share. If she meets 50% of these goals, she will get 50% of the award.
    2. These grants are based in shares of stock. Her payout will depend on the price of stock if and when she gets the award.
    3. These awards are non-qualified benefits, so if the company gets in dire straits financially again, they don't have to pay her anything. I know this from personal experience. For several years, I didn't need the money from my bonuses so I deferred the acceptance of these bonuses for tax reasons. I had quite a sum built up. In early 2008, it was obvious to everyone that the company was in trouble, so being the smart guy I am I took these bonuses (at a 10% penalty due to early withdrawal). Had I not done that I would have lost it all. I know lots of people who lost it all because they didn't believe the company would not pay them their money. At least I got 90% of mine. I also had to pay a lot of tax at normal income rates.

    So, here's what she got in 2014.

    $1,600,000 for base salary
    $2,072,000 for short term incentives
    $877,563 from previous deferred bonuses vesting in 2014
    ______________
    $4,549,563 total ACTUAL compensation for 2014

    Before you ask me any more questions about this I want you to read pages 35-48.

  • Reply to

    Page 41

    by jeyebolt2003 Jan 3, 2016 9:29 PM
    wngr123 wngr123 Jan 3, 2016 11:00 PM Flag

    "Cash only no stocks"

    Tell me Jeye, what do you think this means:

    "and equity awards that vested in the respective years."

    You're hopeless.

  • Reply to

    Page 41

    by jeyebolt2003 Jan 3, 2016 9:29 PM
    wngr123 wngr123 Jan 3, 2016 10:47 PM Flag

    " I think you need to re read "

    I think you need to make your point if you have one. It says EXACTLY the amount I said. What's your problem?

    You got one chance, then I'm done with you tonight.

  • Reply to

    Page 41

    by jeyebolt2003 Jan 3, 2016 9:29 PM
    wngr123 wngr123 Jan 3, 2016 10:24 PM Flag

    "Its not on page 41. I googled the pay you posted.
    Your search - Mary Barra made $4,549.563 in 2014 - did not match any documents."

    LMAO. Tell me what document you're looking at and the date it was published.

  • Reply to

    Page 41

    by jeyebolt2003 Jan 3, 2016 9:29 PM
    wngr123 wngr123 Jan 3, 2016 10:06 PM Flag

    Here it is Jeye.

    $4,549,563

    Let me know when you find it.

  • Reply to

    Page 41

    by jeyebolt2003 Jan 3, 2016 9:29 PM
    wngr123 wngr123 Jan 3, 2016 9:45 PM Flag

    "DEF 14A
    GENERAL MOTORS CO filed this Form DEF 14A on 04/24/2015
    Entire Document "

    Why in the world are you cut and pasting this? It has nothing to do with compensation.

  • Reply to

    Hey Jeye

    by wngr123 Jan 2, 2016 8:48 PM
    wngr123 wngr123 Jan 3, 2016 9:44 PM Flag

    "It wasn't on page 41 and Yahoo didn't allow what was in the address bar"

    OMG, a task this simple and you can't do it. If any other poster cares to, you can follow my instructions and see for yourself.

  • Reply to

    Hey Jeye

    by wngr123 Jan 2, 2016 8:48 PM
    wngr123 wngr123 Jan 3, 2016 9:06 PM Flag

    "So you say the media lied."
    No, you said that. The media reports the government mandated reporting format. They most always reported that as earned income, that is misleading. What they report is TARGETED income which is at the top of Page 41.

    That's why I told you to tell me what it said under the heading of CEO Realized Compensation. You failed to do so.

    Answer in 30 minutes.

  • Reply to

    Hey Jeye

    by wngr123 Jan 2, 2016 8:48 PM
    wngr123 wngr123 Jan 3, 2016 8:29 PM Flag

    "Mary T. Barra Cash — "

    One of the most important things that management people must do is to follow directions. You fail. You can't even follow extremely specific directions.

    You have now given me three different answers, none of which is correct.

    1 Hour.

  • Reply to

    Hey Jeye

    by wngr123 Jan 2, 2016 8:48 PM
    wngr123 wngr123 Jan 3, 2016 7:09 PM Flag

    "So are you still saying the pay numbers are wrong"
    Yes, you are finding documents that say what her TARGETED compensation is, not actual. There's a big difference.

    Go to the GM website, click on "Company", then "Investors", then SEC Filings. Under "Groupings Filter" find "Proxy Filings", then click Search. Click on the most recent "DEF 14A". Go to Page 41 and tell me what it says under CEO Realized Compensation.

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