|
Termyn8or -> RE: Iacocca says US auto execs shouldn't be ousted (12/9/2008 10:44:31 AM)
|
CL, so you seemingly agree with my outsourcing jobs thread. I am not even reading what Iacocca said, yes he did something, but it did not evoke any great respect or sense of awe in me. I saw the product.
I say, and still maintain one point that I am not coming off of. The automakers need to get out of the retirement business. Tell the UAW that we are willing to pay, and pay well for a good day's work, and we will pay them to work, if you want them to get paid when they don't work, you deal with it.
If this had been the way it was, it would be the unions in trouble, not the automakers. We'll setup any payroll deductions you want, send the money wherever you say, but we are NOT UNDER ANY CIRCUMSTANCES going to be responsible to pay people not to work. YOU take care if it. Grow a pair of gonads and take it right off the table. And then when the current retirees die off we might have a chance to get healthy again. The only hope we have right now is to survive.
I know some who's IRAs have gone down, that is a problem, but it is not a problem for the company for which they work.
In other words, if they just stick to building cars, they would not be so vulnerable. I am not saying eliminate retirement, not at all, but if the union wants it, let the union provide it. Here, here's all the deductions, here's all the co-pays, YOU see what you can do with it.
Another nice thing about this plan is that union officials are largely elected. Hmmmmm.
Brings to mind years ago before my Uncle went into management. He ran for union president but got bought off. They paid him LARGE and for whatever enjoyment he may have gotten out of that money, if he were alive today I bet he would be even happier with his decision. Everybody is between a rock and a hard place now.
And my point still holds, if people want retirement, either do it yourself or let the union do it. Tell the company as I do "I want all my money now".
Even if it is setup where people can defer income, right from the payroll office, this could be a fringe benefit. Almost like an extremely low or no cost brokerage. Their future would be in their own hands, and the cost of doing that for them is at least predictable.
T
|
|
|
|
