well the province of Ontario and federal government in Canada will own just over 12% of the new GM.
they have also gave money to Chrysler, it works out to around 1.4 million per auto worker. of coarse this does not count the spin off job (these are well paying manufacturing jobs, or jobs from part producers.) however that seems a lot per job, of coarse the size of the bailout has grown over the months, this is the governement and two car companies that are so well run that they have been losing share for over a decade.
actually Canada and the province of Ontario will probably be giving (investing, burning ) up to 2-2.4 million per worker. most of this money if not all will be gone.
in the US the numbers are bigger but not sure of the exact amount, that is okay just keep the printing presses....going....
not against helping out industries however, they should be sectors that can be turned around quickly. time will tell.
Another problem with this is it burdens the govt. with debt, and makes them owner of businesses...also ignores other sectors that are having problems and employ as many people.
ie. the pulp paer/ lumber industry is getting destroyed by weak prices and a bad trade agreement with the US in the sector...also the US is subsidizing their industry by 8 billion.
also the mining industry is having trouble.
CEO overpaid
Chesapeake CEO got a 75 million dollar bonus for what.
the company has a large debt, it is selling properties to try to lower the debt.
the stock came under presure when the ceo borrowed so much stock and got a margin call.
it is okay to own the stock should be encouraged, but to own this much and on margin.....just created problems.
the company defended the pay
?in shaping the vision for the company and growing it into the largest independent producer of U.S. natural gas.?
are they serious, largest natural gas company that did not hedge production and has large amount of debt, and needs higher natural gas price of their could be more misery for shareholders.
when Gywn Morgan merged pan Canadian with Alberta Energy to create Encana (north ameirca largest natural gas producer) he was paid around 3 million.
most good energy ceo are worth about 5 million, they should be given shares over time, to encourage short and long term performance.
Encana has hedge 35% of production at 6.21, they do not believe natural gas will turn around in 2010, they believe it will come back.
there are plenty of good energy companies, do not buy one where managment does not perform and then pay themselves bonuses based on nothing.
thanks
selkirk
they have also gave money to Chrysler, it works out to around 1.4 million per auto worker. of coarse this does not count the spin off job (these are well paying manufacturing jobs, or jobs from part producers.) however that seems a lot per job, of coarse the size of the bailout has grown over the months, this is the governement and two car companies that are so well run that they have been losing share for over a decade.
actually Canada and the province of Ontario will probably be giving (investing, burning ) up to 2-2.4 million per worker. most of this money if not all will be gone.
in the US the numbers are bigger but not sure of the exact amount, that is okay just keep the printing presses....going....
not against helping out industries however, they should be sectors that can be turned around quickly. time will tell.
Another problem with this is it burdens the govt. with debt, and makes them owner of businesses...also ignores other sectors that are having problems and employ as many people.
ie. the pulp paer/ lumber industry is getting destroyed by weak prices and a bad trade agreement with the US in the sector...also the US is subsidizing their industry by 8 billion.
also the mining industry is having trouble.
CEO overpaid
Chesapeake CEO got a 75 million dollar bonus for what.
the company has a large debt, it is selling properties to try to lower the debt.
the stock came under presure when the ceo borrowed so much stock and got a margin call.
it is okay to own the stock should be encouraged, but to own this much and on margin.....just created problems.
the company defended the pay
?in shaping the vision for the company and growing it into the largest independent producer of U.S. natural gas.?
are they serious, largest natural gas company that did not hedge production and has large amount of debt, and needs higher natural gas price of their could be more misery for shareholders.
when Gywn Morgan merged pan Canadian with Alberta Energy to create Encana (north ameirca largest natural gas producer) he was paid around 3 million.
most good energy ceo are worth about 5 million, they should be given shares over time, to encourage short and long term performance.
Encana has hedge 35% of production at 6.21, they do not believe natural gas will turn around in 2010, they believe it will come back.
there are plenty of good energy companies, do not buy one where managment does not perform and then pay themselves bonuses based on nothing.
thanks
selkirk
