Interesting that the UAW contract negotiations will now be with companies that they effectively control.
On Wed, 29 Apr 2009 19:05 -0400, "Mitch Haley" <m...@voyager.net> wrote: > > I saw a plan for GM that issued approximately 100x as many shares as > currently outstanding to the UAW, govt, and lenders. After which the > stock would be reverse split 1:100 to restore the number of shares to > its previous level. The preexisting shareholders would then own about > 1% of the new shares. The existing bondholders would get a larger > pittance, but the union and the feds would end up with the vast > majority of the ownership. I'd rather see them go BK and the > bondholders end up with it all. _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
