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Re: [Pen-l] Can anyone explain this
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Can anyone explain this
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Fri, 1 May 2009 12:32:22 -0700
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Doug Henwood wrote:
> The tentative plan is for the union to get one board seat,
> despite owning 55% of the stock - the same as the government of Canada,
> which will hold 2% of the stock.
according to the UAW's Gettelfinger (interviewed on US National Public
Radio this a.m.), it's not the union that will own the stock but
instead the fund that controls the medical insurance. Also, he said
that the stock would be sold soon, because they _had_ to sell it.
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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