Re: [Pen-l] Can anyone explain this

["michael a. lebowitz" <mlebowit@xxxxxx>]

looks like just a slight change in personnel in the following:
http://www.theonion.com/content/video/autoworkers_compete_to_keep_jobs
    michael
On 01/05/2009 3:15 PM, Doug Henwood wrote:

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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Michael A. Lebowitz
Professor Emeritus
Economics Department
Simon Fraser University
Burnaby, B.C., Canada V5A 1S6

Director, Programme in 'Transformative Practice and Human Development'
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