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Re: Re: Re: [Pen-l] labor and the auto companies
- To: "David B. Shemano" <dshemano@xxxxxxxxxx>, "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: Re: Re: [Pen-l] labor and the auto companies
- From: raghu <mraghu01@xxxxxxxxx>
- Date: Fri, 21 Nov 2008 12:14:46 -0800
- Cc:
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On Fri, Nov 21, 2008 at 10:29 AM, David B. Shemano <dshemano@xxxxxxxxxx> wrote:
> I have absolutely no problem with the workers owning the company as part of the restructuring/reorganization/bankruptcy/bailout. I am sure the other creditors would be thrilled if the workers exchanged a significant portion of their debt (e.g., retirement obligations) for equity in "New GM."
>
I agree with you completely. Convert some of the burdensome retiree
obligations into equity in a new GM! I hope something like that does
happen.
--Raghu.
--
"I busted a mirror and got seven years bad luck, but my lawyer says he
can get me five."
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