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GM's firings today assure that I will never buy another GM product again

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GM's firings today assure that I will never buy another GM product again

 
Old 02-07-2019, 11:48 PM
  #21  
C2C3C4C6
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Originally Posted by Murray Anderson View Post
First thread tossed here from the C8 section
Will there be a taxi waiting to take my thread away?
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Old 02-07-2019, 11:49 PM
  #22  
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Originally Posted by C2C3C4C6 View Post
As long is that Troglodyte Mary Barra is running [ruining] GM I will never buy another of their products, including the C8 which I had plans to do. I was shocked to hear that at the meeting where the sheep were led into the gas chamber they were led out to a fleet of taxi cabs to replace the corporate cars that had been confiscated. What a Gestapo move. Based upon GM's lack of culture, class and humanity I am sure that the C8 will probably turn out to be a pile of plastic crap and will kill off the Vette forever.
nobody cares. stfu
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Old 02-07-2019, 11:50 PM
  #23  
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Originally Posted by Murray Anderson View Post
First thread tossed here from the C8 section
This could be fun.
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Old 02-07-2019, 11:50 PM
  #24  
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Make them pay the money back...with interest.
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Old 02-07-2019, 11:51 PM
  #25  
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Originally Posted by Steve_R View Post
How dare a public company cut costs to be more profitable for its owners.
yes! what is the world coming to when stockholder interests are considered!

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Old 02-07-2019, 11:53 PM
  #26  
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Originally Posted by C2C3C4C6 View Post
Will there be a taxi waiting to take my thread away?
They were lucky to get that. When asked to hand your keys in, most places ask you to call someone. Were they GM cabs at least?
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Old 02-07-2019, 11:57 PM
  #27  
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I predict this to be the next airport
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Old 02-07-2019, 11:58 PM
  #28  
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I knew she would be a horrible CEO of GM, and I am certain she is in that role due to some type of corruption. You don't hang with snakes, unless you are one.


http://www.autoblog.com/2016/10/18/m...ice-president/
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Old 02-07-2019, 11:58 PM
  #29  
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Originally Posted by Lee C View Post
I predict this to be the next airport
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Old 02-07-2019, 11:59 PM
  #30  
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Old 02-08-2019, 12:18 AM
  #31  
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If the positions are not needed for future operations, then I can’t blame GM for making the cuts. Happens in the business world all the time, and even happens in governmental positions.
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Old 02-08-2019, 12:19 AM
  #32  
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This happens more than some people think. It's not right but done often.

My ex-wife in 1974 worked for Security National Bank - corporate office. One Monday they all went to the floor where they worked and their desks were gone. Personal stuff in a box where the desk was. They were told 2 weeks severance. Bye ..

A company I worked for ( for 10 years) told us on a Monday - the company was sold over the weekend, Friday the shop will be closed and moved to another state. I was told I had the option to go with the new owners, along with my lab technicians (we were R&D). The other 450 people - gone Friday.

The second time it happened, that company let 250 go the week before X-mas, on a Tuesday, Our pay period was Tuesday to Monday. I left 2 weeks later on my own, they asked why?

I had it twice in my life - sucks.. But that is business ..

I agree it's not right , it could have been handled better.

Last edited by BLUE1972; 02-08-2019 at 12:27 AM.
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Old 02-08-2019, 12:27 AM
  #33  
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As Chairman and Chief Executive Officer at GENERAL MOTORS CO, Mary T. Barra made $21,905,256 in total compensation. Of this total $2,100,000 was received as a salary, $4,956,000 was received as a bonus, $3,250,003 was received in stock options, $10,737,570 was awarded as stock and $861,683 came from other types of compensation.
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Old 02-08-2019, 12:36 AM
  #34  
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Originally Posted by Steve_R View Post
How dare a public company cut costs to be more profitable for its owners.
Originally Posted by Raazor View Post
yes! what is the world coming to when stockholder interests are considered!


The horror! Next thing you know, other CEOs will be doing things to enhance owners' profits!
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Old 02-08-2019, 12:48 AM
  #35  
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Originally Posted by Murray Anderson View Post
They were lucky to get that. When asked to hand your keys in, most places ask you to call someone. Were they GM cabs at least?
No such thing as GM cabs, they need to be reliable.
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Old 02-08-2019, 12:52 AM
  #36  
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OMFG! How DARE GM attempt to adapt and evolve in the rapidly changing auto manufacturing environment, how can they callously adjust their business model to account for the falling sales, the changing wants and needs of buyers, or the currently shifting balance in the trade arena? *******!!!
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Old 02-08-2019, 12:57 AM
  #37  
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And, I don’t suppose a single member on this forum has an IRA, 401k, or pension that invests in stocks and bonds. As Americans we tend to bitch about corporate greed, until that investment statement comes each month.

American have made trucks and SUVs the bread and butter of GM, Ford, and FCA. If you can’t sell cars you simply don’t need all of the people and plants that used to build less profitable vehicles that you can’t sell. Sad but true.

GM made the lay-off announcement months ago, and again last week said the white collar cuts were about to begin, so nobody, including those FEW who actually were driving company cars (and I would venture to say there were only a couple hundred issues, not thousands), should be surprised by the layoffs.

Mary is just running her a company and earning her $2,000,000 salary.
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Old 02-08-2019, 01:10 AM
  #38  
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I love how people bring up the bailout. That was 10 years ago, get over it. They paid what they needed to. Back and they can run the company however they see fit.
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Old 02-08-2019, 01:49 AM
  #39  
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GM has always needed to be more well run. If she is not worth her comp. the investors will exit the stock. If she is worth it the stock will go up. As a stockholder I want the ceo buried to their eyeballs in stock so they get the same result I do. I do not understand why people think they are owed something from their employer besides the salary and benefits while employed. If you don't like the work or the lack of stability in the job go to work elsewhere. The announcement was 60-90 days ago. It's not like it was a surprise.
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Old 02-08-2019, 09:51 AM
  #40  
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Originally Posted by KEZ06 View Post
I do not understand why people think they are owed something from their employer besides the salary and benefits while employed.
There seems to be some lingering concept of "loyalty" stuck in some peoples' heads. It's not a marriage, it's an "at will" business arrangement which either partner can terminate the relationship at any time without notice. It's basic career management to be prepared for such an event at any time.

The announcement was 60-90 days ago. It's not like it was a surprise.
Not only that, but many of those people were offered severance packages in order to leave yet most chose to stay. If my employer ever offers a severance or early retirement or the like I'm taking it immediately, because it's a clear sign of rough times ahead.
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