Delphi's Steve Miller Responds
- Thread starter michaelc80
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#3 has to be a company killer.
As a general comment - was he saying this all along or was this more butt coverage of a failed leader?
I mean he is 100% correct. Unions used up their usefulness a long time back - and with pure greed suckled up to the nipple right next to the CEO's. In the mean time it appears no one was looking up.
As a general comment - was he saying this all along or was this more butt coverage of a failed leader?
I mean he is 100% correct. Unions used up their usefulness a long time back - and with pure greed suckled up to the nipple right next to the CEO's. In the mean time it appears no one was looking up.
I'll likely be looking for another job very soon. I am a mechanical designer for a Delphi supplier here in North Alabama, & am currently laid off until at least Nov. 4, probably Dec. 4. The lay off is directly related to Delphi's filing for Bankruptcy.
These are not good times for Delphi, for sure. Personally, I'll be OK, since I can find work elsewhere, but I'm sure the next couple of years will see major changes at the big "D", with few of the changes being good.
These are not good times for Delphi, for sure. Personally, I'll be OK, since I can find work elsewhere, but I'm sure the next couple of years will see major changes at the big "D", with few of the changes being good.
Still off shore labor is cheaper,environental considerations are none or less in a 3rd world country and it is easy for an overpaid under producing ceo or other management to transfer the blame and still collect the $$$$
Thanks for posting the link!
Key points from CEO Steve Miller's remarks:
For some time, GM has been sagging under the weight of $80 billion in unfunded health-care obligations to retirees. Some have said GM is actually a giant HMO that happens to make cars!
Why do you think the next big Toyota assembly plant in North America is being built in Canada? The calculus of health-care costs might have been a major factor.
Key points from CEO Steve Miller's remarks:
For some time, GM has been sagging under the weight of $80 billion in unfunded health-care obligations to retirees. Some have said GM is actually a giant HMO that happens to make cars!
Why do you think the next big Toyota assembly plant in North America is being built in Canada? The calculus of health-care costs might have been a major factor.
Unions are going to cut off their nose to spite their face. They will continue to bleed the automakers until they are bankrupt. What is keeping Ford, GM and Chrysler form ousting the UAW altogether in 2007? A few weeks ago on a local radio talk show the topic was the union state employees are required to join. Of all the union employees that called in, not one could really say the union did anything for them, other than collect dues from each paycheck.
So what is your solution? Remember, that CEO salary split between the workers, or used to fund the underfunded pension system will be like tossing you a few pennies.
The CEO pay is not the issue. The issues he brings up are very real.
What are your solutions to the problems he mentions?
T
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As much as you feel unions are hurting everything and outlived their usefulness ..I'd like you to figure out your standard of living without them. Sure they're pinko and whatnot ..but no one minded the rabble and the crude spending all their cash here and there. The cars the homes the consumerism that everyone benefitted from. The healthcare that non-union employment had to match to get workers. the vacations ..the bennies. Do you think that daddy warbucks was going to just give it to you just because he was a nice guy?? Please give yourself more credit then the subscription to that delusion depicts.
So as these dinasauers sink into the tar pits ..look forward to the same exact treatment for the rest of you ...with just your sweat and labor to afford such things. As pension funds default and the government picks up part of the tab ..you can blame unions for that too ..even though it was a shift in tax accounting that made fully funded pension funds assets instead of "profit shelters". With no protection for profits within pension funds ..the corporations had to liberate it ..or pay taxes on it. Then the evolution was to only have to fund pensions to a % of future obligations ..and eventually the pension funds were allowed to never have a snowball's chance in a foundary of paying for themselves.
Oh ..and don't foget to congradulate the CEO's and the others as they did a job well done and admire their golden parachutes. Heck, why not, it wouldn't add up to much in the big picture ..so why not reward foolish and dead end managment? Why should they suffer like little people?? It's not what was intended for people of their caliber. They deserve more in the midst of failure.
So as these dinasauers sink into the tar pits ..look forward to the same exact treatment for the rest of you ...with just your sweat and labor to afford such things. As pension funds default and the government picks up part of the tab ..you can blame unions for that too ..even though it was a shift in tax accounting that made fully funded pension funds assets instead of "profit shelters". With no protection for profits within pension funds ..the corporations had to liberate it ..or pay taxes on it. Then the evolution was to only have to fund pensions to a % of future obligations ..and eventually the pension funds were allowed to never have a snowball's chance in a foundary of paying for themselves.
Oh ..and don't foget to congradulate the CEO's and the others as they did a job well done and admire their golden parachutes. Heck, why not, it wouldn't add up to much in the big picture ..so why not reward foolish and dead end managment? Why should they suffer like little people?? It's not what was intended for people of their caliber. They deserve more in the midst of failure.
There is no doubt, it's a different world. It's dynamic and not static the way most would like.
Adjust to change or be left behind.
This is really the way it has always been. Change just seems to arrive more rapidly.
Adjust to change or be left behind.
This is really the way it has always been. Change just seems to arrive more rapidly.
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