Originally posted by: DanTMWTMP
damn....
I heard that a long time ago, GM and the unions struck a deal where people will still be able to have a job, even when automation takes over their jobs. A friend of mine told me that someone he knows works @ a GM plant, and he gets paid 80k to do nothing. 8 hours a day, he comes in, does the crossword puzzle.
and i heard of retirement pensions, etc..
phok unions.
Originally posted by: DivideBYZero
Solution: Build cars people want.
Originally posted by: DivideBYZero
Solution: Build cars people want.
Originally posted by: jupiter57
Ah, yes!
GM looses $36,000 per minute, Quite possibly true.
And now,"The rest of the Story"!
GM executives were receiving bonuses in the amount of $39,500 per minute in 2005. (Purely an example, the ACTUAL total is likely MORE!)
Only in America would a company be able to list "Bonuses" as a business expense in order to post a loss!
(Disclaimer: I have no hard data to back up these statements, I've just been following the accounting "methods" of Big Business since the Chrysler Corporation Bail-out many years ago. In that case, the had given their top Execs. almost twice the amount of money they claimed to be losing in prior years.)
Originally posted by: Fingolfin269
Originally posted by: DivideBYZero
Solution: Build cars people want.
Or make retirees die faster.![]()
Originally posted by: DanTMWTMP
damn....
I heard that a long time ago, GM and the unions struck a deal where people will still be able to have a job, even when automation takes over their jobs. A friend of mine told me that someone he knows works @ a GM plant, and he gets paid 80k to do nothing. 8 hours a day, he comes in, does the crossword puzzle.
and i heard of retirement pensions, etc..
phok unions.
Originally posted by: MIKEMIKE
Topic Title: GM lost $36,000 per minute 4Q 2005
SourceRiding a wave of high prices for oil, gasoline and natural gas, Exxon reported third-quarter net income of $9.92 billion, up 75 percent from the year-ago period, on revenue of $100.72 billion. It was among the biggest quarterly profits of any company in history, and amounted to a per-minute profit of $74,879.23 during the quarter.
That's fscking INSANE.Originally posted by: FeuerFrei
Originally posted by: MIKEMIKE
Topic Title: GM lost $36,000 per minute 4Q 2005
Think that's impressive, check out Exxons 3rd quarter earnings last year.
SourceRiding a wave of high prices for oil, gasoline and natural gas, Exxon reported third-quarter net income of $9.92 billion, up 75 percent from the year-ago period, on revenue of $100.72 billion. It was among the biggest quarterly profits of any company in history, and amounted to a per-minute profit of $74,879.23 during the quarter.
Originally posted by: Ktulu
Originally posted by: DivideBYZero
Solution: Build cars people want.
:roll:
I'm so sick of this statement
Originally posted by: Fingolfin269
Originally posted by: DivideBYZero
Solution: Build cars people want.
Or make retirees die faster.![]()
Originally posted by: IGBT
..neither ford or gm have a backbone built on economical reliable cars. Their vehicles are fashion statements rather then fundamental transportation. They got caught in the same pinch back in the 70's...
Originally posted by: redly1
Originally posted by: IGBT
..neither ford or gm have a backbone built on economical reliable cars. Their vehicles are fashion statements rather then fundamental transportation. They got caught in the same pinch back in the 70's...
wow...you are talking out of your ass man