On Friday, May 4, 2007 at 17:12:17 (-0400) Doug Henwood writes: >On May 4, 2007, at 4:56 PM, Michael Perelman wrote: > >> When steel workers asked to buy plants that were shutting down in >> Youngstown, the > >If the UAW could assemble the financing to make a credible offer, GM >would be legally obligated to accept, no? Of course, a 20% premium to >the current market cap would be around $21 billion. > >But what would they do with GM if they got it? Probably lay off >workers. What would PEN-Lers say if called upon to advise the company?
Sell to Toyota. Retire. Bill
