[Spridgets] A MODERN PARABLE -- No LBC

[type79 at ix.netcom.com]

Debate and analyze this all you want. At the end of the day, people don't buy US cars because they don't compete with the competition.

jay fishbein
wallingford, ct


-----Original Message-----
>From: Bill L <pythias at pacifier.com>
>Sent: Jul 10, 2007 8:50 AM
>To: Larry Daniels <ladaniels at sbcglobal.net>
>Cc: Spridgets <spridgets at autox.team.net>
>Subject: Re: [Spridgets] A MODERN PARABLE -- No LBC
>
>Hello Larry,
>
>       what has become part of the narrative of the WHY american car
>       companies can't compete is their "legacy" costs. the costs
>       associated with wages and health benefits paid to retired UAW
>       members. pegged now at somewhere around $1700.00 per auto. how
>       can they compete with that kind of a cost structure while the
>       foreign makers have a younger work force without that kind of
>       overhead?... and the media has bought into this narrative
>       without questioning-------------that those wages and benefits
>       were negotiated in the "good times" and the automakers, instead
>       of putting aside the profits AT THE TIME for the future costs,
>       in the form of trusts or annuities, SPENT the money in the form
>       of compensation for ITS EXECUTIVES, bonuses, stock options,
>       etc. now that the times are "bad", and they don't HAVE the
>       money they should have put aside, they CRY.. .. we can't
>       compete on cost...... ..... .. .. WAHHHHHH!..... take a look at
>       what the management people make. Bill Ford, before he took
>       himself out of the CEO spot had cut his package down to merely
>       $1,000,000.00 a year until he could make the company
>       profitable. he stayed that way for about 3 years, then
>       abdicated. but that was a cut from the 5 to 10 million a year
>       he took BEFORE that time... .. .. ... . again.. WAAAHHHHH!!!!
>
>
>
>
>-- 
>Best regards,
> Bill                            mailto:pythias at pacifier.com
>   "66 Sprite
>____________________