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Big 3 CEO's (Read 5798 times)
Jonny
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Re: Big 3 CEO's
Reply #25 - Nov 21st, 2008 at 9:12pm
 
MITYRARE wrote on Nov 21st, 2008 at 7:39pm:
It is inevitable that a bailout will eventually happen to save the economy.

HOWEVER, it is small business that employs most of the people in North America, and when small business has trouble, no one helps out...not even a tax break....where is the fairness?

Give a publicly traded company a handoutout and boost the value of their  failing stocks but dont help the small businessman who is busting his balls to make a living and pays his staff every week.

Paul


Excellent post!  Smiley

..............Jonny (small biz owner)
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« Last Edit: Nov 21st, 2008 at 9:12pm by N/A »  
 
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Rolomatic
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Re: Big 3 CEO's
Reply #26 - Nov 21st, 2008 at 9:20pm
 
And Jonny to elaborate just a bit if I may. Half the shit on a car is made by small business. The stickers, the shocks, the carpet, and so on. It is not a one stop shop that makes all the parts that come together in an assembly that you drive off the sales lot!
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MITYRARE
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Re: Big 3 CEO's
Reply #27 - Nov 21st, 2008 at 9:50pm
 
Might be an interesting experiment to see one of the big three actually fall and see who picks up the pieces.
You might find that Toyota, VW or Fiat buys it up, retool and bring prosperity and jobs back without the taxpayers paying the price.

Paul
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Paul
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Jonny
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Re: Big 3 CEO's
Reply #28 - Nov 21st, 2008 at 10:53pm
 
MITYRARE wrote on Nov 21st, 2008 at 9:50pm:
Might be an interesting experiment to see one of the big three actually fall and see who picks up the pieces.
You might find that Toyota, VW or Fiat buys it up, retool and bring prosperity and jobs back without the taxpayers paying the price.

Paul


13 posts and I like this dude already!  Smiley
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Rolomatic
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Re: Big 3 CEO's
Reply #29 - Nov 21st, 2008 at 11:10pm
 
Yea Jonny, but only if they can kick the unions out first! Daimler already has a hefty chunk of Chrysler and a big part of that had to do with union acceptance of Daimler. They will have to break the unions first. Cry

Just my $0.02, and practically worthless advice unless you’re a foreign investor looking to buy.
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Jonny
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Re: Big 3 CEO's
Reply #30 - Nov 21st, 2008 at 11:16pm
 
Quote:
Yea Jonny, but only if they can kick the unions out first! Daimler already has a hefty chunk of Chrysler and a big part of that had to do with union acceptance of Daimler. They will have to break the unions first. Cry

Just my $0.02, and practically worthless advice unless you’re a foreign investor looking to buy.


The union is the damn problem.
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Racer1_NC
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Re: Big 3 CEO's
Reply #31 - Nov 21st, 2008 at 11:18pm
 
MITYRARE wrote on Nov 21st, 2008 at 9:50pm:
Might be an interesting experiment to see one of the big three actually fall and see who picks up the pieces.
You might find that Toyota, VW or Fiat buys it up, retool and bring prosperity and jobs back without the taxpayers paying the price.

Paul

Actually what you'll probably see is one of the big 3 fail taking the over capacity out of the marketplace. The 2 that are left standing and the imports will divide up the cutomers of the corpse thus restoring balance to the marketplace. The notion that all 3 will go down if one goes is an unlikely scenario. In fact, if the above does happen, the companies left standing will have to add workers to meet demand. People that need vehicles won't walk because Chevrolet goes out of business, they'll buy a Ford, Dodge or Toyota.
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Rolomatic
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Re: Big 3 CEO's
Reply #32 - Nov 21st, 2008 at 11:21pm
 
I agree that the union is the problem, I feel for the Joe on the line loosing his pension, healthcare, and job in one foul swoop dude. I was in the electrical union and they screwed with us all the time about petty crap and lived it up on our dime! Wink
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Racer1_NC
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Re: Big 3 CEO's
Reply #33 - Nov 21st, 2008 at 11:42pm
 
Quote:
Quote:
Yea Jonny, but only if they can kick the unions out first! Daimler already has a hefty chunk of Chrysler and a big part of that had to do with union acceptance of Daimler. They will have to break the unions first. Cry

Just my $0.02, and practically worthless advice unless you’re a foreign investor looking to buy.


The union is the damn problem.


Take a look at this video.....
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“We see what we believe, not the other way around." — Varga
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Rolomatic
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Re: Big 3 CEO's
Reply #34 - Nov 21st, 2008 at 11:57pm
 
Kudos on the video Racer, thats how it's is!! Angry Sad Roll Eyes Roll Eyes Lips Sealed

Edit to add; The variable here is how well will the fresh DNC nominees hold their backbones when it comes to the unions that paved their way to office? I know I'm not trying to be political here, just sensing the obvious. Smiley
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« Last Edit: Nov 22nd, 2008 at 12:15am by N/A »  
 
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Just Plain Carl
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Re: Big 3 CEO's
Reply #35 - Nov 22nd, 2008 at 10:28am
 
another perspective
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MITYRARE
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Re: Big 3 CEO's
Reply #36 - Nov 22nd, 2008 at 1:25pm
 
I do not blame the unions.
I BLAME MANAGEMANT.
Down the road from me here in Canada I have both a GM factory and a Honda factory...with family members working at both....GM unionized and Honda not....both make very similar wages and benefits (GM has slightly better benefits)
The difference is that if you are a floor sweeper at Honda you work 8 hours for 8 hours pay where if you are a floor sweeper at GM you work an hour or maybe two and your manager says "screw the company... go home and i'll punch your card out for you later"...or "go to the lunch room and watch the hockey game...its the Leafs and Habs tonight"....WHERE IS THE MANAGEMENT!!!!.
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Paul
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MITYRARE
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Re: Big 3 CEO's
Reply #37 - Nov 22nd, 2008 at 1:32pm
 
[/quote]

13 posts and I like this dude already!  Smiley
[/quote]


27,950 posts ...how can you run a small business and post that much?!
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Paul
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Rolomatic
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Re: Big 3 CEO's
Reply #38 - Nov 22nd, 2008 at 1:34pm
 
MITYRARE wrote on Nov 22nd, 2008 at 1:32pm:


13 posts and I like this dude already!  Smiley
[/quote]


27,950 posts ...how can you run a small business and post that much?!
[/quote]

Microbrew, I mean micromanage. Grin
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Jonny
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Re: Big 3 CEO's
Reply #39 - Nov 22nd, 2008 at 2:01pm
 
MITYRARE wrote on Nov 22nd, 2008 at 1:32pm:
13 posts and I like this dude already!  Smiley



Quote:
27,950 posts ...how can you run a small business and post that much?!


LMAO.....Ive been here everyday for ten years......that answer your question?   Wink

BTW: I never post from work! Cool
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Rolomatic
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Re: Big 3 CEO's
Reply #40 - Nov 22nd, 2008 at 11:44pm
 
Denny Hecker Closed 6 car dealerships and sold off 3.

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400 Minnesotans hit the breadline. Smiley
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Kevin_M
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Re: Big 3 CEO's
Reply #41 - Nov 23rd, 2008 at 12:16am
 
The CEO's will be back in a month for another chance in Washington.

There are a lot of second and third tier companies built up here all around the big three, and then the dealerships like Rolo mentioned.  With all the companies involved it's far reaching, too many to even name and in themself, very large corporations.  They'll probably get something pretty restrictive from the gov in a month.
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« Last Edit: Nov 23rd, 2008 at 12:31am by Kevin_M »  
 
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BobG
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Re: Big 3 CEO's
Reply #42 - Nov 23rd, 2008 at 1:06pm
 
A MODERN PARABLE . .
A Japanese company ( Toyota ) and an American company (Ford) decided to have a canoe race on the Missouri River.  Both teams practiced long and hard to reach their peak performance before the race.
On the big day, the Japanese won by a mile.
The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat.  A management team made up of senior management was formed to investigate and recommend appropriate action.
Their conclusion was the Japanese had 8 people rowing and 1 person steering, while the American team had 8 people steering and 1 person rowing.
Feeling a deeper study was in order, American management hired a consulting company and paid them a large amount of money for a second opinion.
They advised, of course, that too many people were steering the boat, while not enough people were rowing.
Not sure of how to utilize that information, but wanting to prevent another loss to the Japanese, the rowing team's management structure was totally reorganized to 4 steering supervisors, 3 area steering superintendents, and 1 assistant superintendent steering manager.
They also implemented a new performance system that would give the 1 person rowing the boat greater incentive to work harder.  It was called the 'Rowing Team Quality First Program,' with meetings, dinners, and free pens for the rower  There was discussion of getting new paddles, canoes, and other equipment, extra vacation days for practices and bonuses.
The next year the Japanese won by two miles.
Humiliated, the American management laid off the rower for poor performance, halted development of a new canoe, sold the paddles, and canceled all capital investments for new equipment.  The money saved was distributed to the Senior Executives as bonuses and the next year's racing team was out-sourced to India.
Sadly, The End.
Here's something else to think about:
Ford has spent the last thirty years moving all its factories out of the US, claiming they can't make money paying American wages.
TOYOTA has spent the last thirty years building more than a dozen plants inside the US.  The last quarter's results:
TOYOTA makes 4 billion in profits while Ford racked up 9 billion in losses.
Ford folks are still scratching their heads.
IF THIS WEREN'T TRUE, IT MIGHT BE FUNNY.
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George
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Re: Big 3 CEO's
Reply #43 - Nov 23rd, 2008 at 5:36pm
 
Of the Big Three, Chrysler is a privately-held company, and not a publicly-traded corporation.  In your opinions, does this change the dynamic of any potential bailout?

Best,

George
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Marc
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Re: Big 3 CEO's
Reply #44 - Nov 23rd, 2008 at 10:36pm
 
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The numbers are a little out of date, but conceptually the same today. The 2007/2008 numbers will be available in February.

I could put some money in my savings account at $75. per hour. Nah, on second thought, it's only $150,000 per year. Chump change, huh......
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Rolomatic
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Re: Big 3 CEO's
Reply #45 - Nov 23rd, 2008 at 11:11pm
 
Marc wrote on Nov 23rd, 2008 at 10:36pm:
I could put some money in my savings account at $75. per hour. Nah, on second thought, it's only $150,000 per year. Chump change, huh......


Those numbers are surely the cost to the company after workers comp, taxes, Ins and the like. The big three’s employees would be flying Cessna’s to work if they all made $75 per hour. Grin
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« Last Edit: Nov 23rd, 2008 at 11:13pm by N/A »  
 
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Racer1_NC
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Re: Big 3 CEO's
Reply #46 - Nov 23rd, 2008 at 11:13pm
 
Quote:
Marc wrote on Nov 23rd, 2008 at 10:36pm:
I could put some money in my savings account at $75. per hour. Nah, on second thought, it's only $150,000 per year. Chump change, huh......


Those numbers are surely the cost to the company after workers comp, taxes, Ins and the like. The big three’s employees would be flying Cessna’s to work if they all made $75 per hour. Grin

If I recall, it's the total package....pay....bennies.....etc...
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deltadarlin
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Re: Big 3 CEO's
Reply #47 - Nov 24th, 2008 at 8:29am
 
Bill is correct, those figures represent wages, pension and health care benefits.  Part of the problem with the Big 3 is that they are paying health care costs for their retirees. 

How many of *you* have a pension funded by your employer?  How many of you have your health care benefits fully funded by your employer?
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Re: Big 3 CEO's
Reply #48 - Nov 24th, 2008 at 10:43am
 
from a news piece:

Quote:
If the government's rescue plan is a success, it could help bring stability to the entire financial system. If it doesn't, even deeper doubts about the industry's future could spread.
After a weekend of marathon talks between Citigroup executives and top federal officials, the parties late Sunday night nailed down a package in which the government will help protect the company from its riskiest assets.
Under the plan, Citigroup and the government have identified a pool of about $306 billion in troubled assets. Citigroup will absorb the first $29 billion in losses in that portfolio. After that, three government agencies — the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. — will take on any additional losses,though Citigroup could have to share a small portion of additional losses.


Another.  I've lost track of all of them, what comes after a thousand billion, a trillion?
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« Last Edit: Nov 24th, 2008 at 10:44am by Kevin_M »  
 
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Jimi
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Re: Big 3 CEO's
Reply #49 - Nov 24th, 2008 at 11:25am
 
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