Bailout Plan - new idea (OT)

[egroeg sirrah]

Anytime I hear discussions about the cost of the 'big three' (BT)
building cars in NA, the 'retirement costs' come up. The only way this
makes any sense at all is if the BT DIDN't put any money in a fund as
the retirement obligations were mounting up. That doesn't make any
sense. When we save for retirement we put money in the untouchable
retirement fund knowing that when we reach retirement age we will be
able to draw out the earnings. It sounds to me like the BT are using
current earning  to pay for retirees' benefits that were earned a
generation ago, and now they are blackmailing the current generation
into bailing them out of the fix that is a result of their poor
planning.



How about we find the CFO and CEO and chairman of the board who are
responsible for this situation and demand that they return the unearned
bonuses that they have been paid?



I have also heard from my brother who works for a Japanese auto parts
manufacturer that when Toyota finds a flaw in a batch of parts, they
reject whole batch. I'll bet this encourages the supplier to only
deliver goods that are flawless. Compare that to the NA auto plant that
he previously worked at where management was by shouting. Whoever
yelled the loudest won, and heaven help any worker who stopped the
assembly line to correct a problem.

Cheers

George




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