Re: [Pen-l] Can anyone explain this

[Doug Henwood <dhenwood@xxxxxxxxx>]

On May 1, 2009, at 3:32 PM, Jim Devine wrote:

> 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.

They're pathetic. If the workers weren't going to take the hit on  
this, I'd say they deserve what they get for six decades of business  
union hackery.

Doug
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