Occupy Wall Street Fail

[JLM]

You never knew it was owned by FIAT?

I don't follow that stuff. How many North American shareholders does Fiat have?

 

[captain morgan]

Why did a foreign owned company like Chrysler need CDN/American cash?

Did they employ foreigners too?

 

[petros]

I don't follow that stuff. How many North American shareholders does Fiat have?

6 or 7

Did they employ foreigners too?

Yup FIAT employees in Europe and in India where they used the bail out to set up their Tata plant. Are you going to buy a Tata?

 

[JLM]

6 or 7

OK, which is it? Not sure eh? :lol:

6 or 7

Yup FIAT employees in Europe and in India where they used the bail out to set up their Tata plant. Are you going to buy a Tata?

Well, Canadians have been known to buy Toyotas! :smile:

 

[petros]

Need a job? Fiat India

With capacities to produce in excess of 100,000 cars and 200,000 engines and
transmissions yearly, at steady state, we at FIAPL (The Joint Venture between
the two giants in automobile industry - FIAT & TATA MOTORS LTD) are always
seeking people who are dynamic, competent and motivated.

 

[captain morgan]

6 or 7

Yup FIAT employees in Europe and in India where they used the bail out to set up their Tata plant. Are you going to buy a Tata?

You ought to take your concrete evidence to the courts and have Fiat arrested for misuse of funds... You can make a citizens arrest Petros! The culprit in one hand and the proof in the other hand.

 

[TenPenny]

Yeah... Really good analogy... Compare a handful of senior execs that got golden handshakes with the tens of thousands of unionized employees that were paid obscene amounts in wages along with the fat benefits packages that they get for life.

Grow up already.

Oh, I thought management's job was to manage the company.

Forgive me for not understanding.

 

[petros]

You ought to take your concrete evidence to the courts and have Fiat arrested for misuse of funds... You can make a citizens arrest Petros! The culprit in one hand and the proof in the other hand.

Are you gooing to buy a Tata? Yes? No? Why or why not?

Oh, I thought management's job was to manage the company.

Forgive me for not understanding.

$6000 in materials and labour is obscene but charging $40K for a truck is peachy keen?

 

[captain morgan]

Forgive me for not understanding.

No problem, but don't be so hard on yourself.

Think this way instead: Knowledge is the corner stone for the development of a solid understanding of a subject.

 

[TenPenny]

No problem, but don't be so hard on yourself.

Think this way instead: Knowledge is the corner stone for the development of a solid understanding of a subject.

You write that like you know what it means. Your other posts, however, do not give such evidence.

 

[petros]

Knowledge is the corner stone for the development of a solid understanding of a
subject.

Maybe someday Wall Street will be a tourist destination too?

Hey look. It leans to the "right"!

 

[captain morgan]

Are you gooing to buy a Tata? Yes? No? Why or why not?

$6000 in materials and labour is obscene but charging $40K for a truck is peachy keen?

$4,000 per car just for the pension contribution alone.

You write that like you know what it means.

C'mon TenPenny... All this flattery and attention is making me blush

 

[petros]

$4,000 per car just for the pension contribution alone.

Is that the pensions lost in derivative investments?

 

[captain morgan]

Nope

 

[IdRatherBeSkiing]

It would be great if the money didn't go to build plants in China and Russia. GM sold more vehicles in China this year than they did in the US.

Now that's what I call taking responisibity.

So they should stop selling cars in China?

 

[TenPenny]

Is that the pensions lost in derivative investments?

No, they lost much more than that. But it's okay, because the pension plan now owns tons of GM stock. And since management is not responsible for the direction of the company, the union is truly in their own hands.

 

[petros]

Nope

If they didn't charge 700% mark up they wouldn't have to pay so much for the robots.

 

[captain morgan]

No, they lost much more than that. But it's okay, because the pension plan now owns tons of GM stock. And since management is not responsible for the direction of the company, the union is truly in their own hands.

Ironic, ain't it.

One wonders if we're to see a long-lived honeymoon between mgmt and labour now that the union has to participate in the actual profitability of the operations.

 

[petros]

No, they lost much more than that. But it's okay, because the pension plan now owns tons of GM stock. And since management is not responsible for the direction of the company, the union is truly in their own hands.

Bailed out by the employees. That means good old fashioned profit sharing?

 

[captain morgan]

If they didn't charge 700% mark up they wouldn't have to pay so much for the robots.

The markup is only 18%

Bailed out by the employees. That means good old fashioned profit sharing?

... And risk sharing!