GM WORKERS BONUS

[GENO]

Post your thoughts on the bonus announcement today for GM hourly bonus paid in amount of $4000.00+ to each of 48,000 workers.

Second, your opinion on the white collar bonuses announced a week or so ago?

TIA

 

[GENO]

if this need to be in a different forum my regrets, Jack

 

[WhatsHisNuts]

When I worked as a supervisor at Ford, I passed out bonuses almost twice that amount to hourly workers in 2001 or 2002. Pretty crazy since it seemed like their job was to screw the company out of every penny while they were on the clock.

 

[dawgball]

Pretty crazy since it seemed like their job was to screw the company out of every penny while they were on the clock.

opcorn2

 

[BobbyBlueChip]

Hopefully, the workers are getting managed better than they were

 

[The Mover]

I'm sure it doesn't set well with the public because of the loan to GM. I believe that the hourly people have it written in their contract regarding bonuses ( not sure ). I know we love to beat up on the US auto companies ( except Ford ) My wife is a retired salary employee of 27 yrs. & our health care plan is we have to pay the 1st $5,000 then our deductible goes to 20% of the next $ 2,000. So if this consensus is to rag on the bonuses you should take it down to Wall St.

 

[hawkeye]

blame it on the union and the govt--basic public gets screwed again--one yaer out of my 34 years I got a so called bonus check--$200 and they took taxes etc out of it and ended up with 102 dollars--bfd:facepalm:

 

[Trampled Underfoot]

blame it on the union and the govt--basic public gets screwed again--one yaer out of my 34 years I got a so called bonus check--$200 and they took taxes etc out of it and ended up with 102 dollars--bfd:facepalm:

More money is always held out of bonus checks. However, at the end of the year its treated just like any other income. So it's not really taxed at a higher rate. You can always mess with your withholding allowances to get less money taken out and then settle up at the end of the year.

 

[gardenweasel]

I'm sure it doesn't set well with the public because of the loan to GM. I believe that the hourly people have it written in their contract regarding bonuses ( not sure ). I know we love to beat up on the US auto companies ( except Ford ) My wife is a retired salary employee of 27 yrs. & our health care plan is we have to pay the 1st $5,000 then our deductible goes to 20% of the next $ 2,000. So if this consensus is to rag on the bonuses you should take it down to Wall St.

what a wonderful world it would be if we could all retire after 27 years...

we`d be retiring in our late 40`s or early 50`s....

where do i sign up?

 

[Trampled Underfoot]

what a wonderful world it would be if we could all retire after 27 years...

we`d be retiring in our late 40`s or early 50`s....

where do i sign up?

....because those who make our cars are living the dream. :facepalm:

 

[yyz]

Good for them!

I never begrudge anyone who makes some money in this country.

There once was a time when everyone strode to make their life a little better......wanted to be as successful as the other guy.

Now? Now, we live in a country where nobody wants to do a fucking thing but bitch about how shitty their life is, and that everyone else should have it as bad as they do.

 

[The Mover]

Weasel & Tramp prior to working at GM she put in 15 yrs. at Rockwell. If working 42 yrs. is living the American Dream so be it.

 

[Full court press]

Good for them!

I never begrudge anyone who makes some money in this country.

There once was a time when everyone strode to make their life a little better......wanted to be as successful as the other guy.

Now? Now, we live in a country where nobody wants to do a fucking thing but bitch about how shitty their life is, and that everyone else should have it as bad as they do.

Exactly. Very well said.

 

[Trampled Underfoot]

Weasel & Tramp prior to working at GM she put in 15 yrs. at Rockwell. If working 42 yrs. is living the American Dream so be it.

I'm all for getting as much money as you can from them. :0074

 

[homedog]

If they met their goals, they deserve the bonus. Simple as that.

But, the unions are killing the car industry (and many others). Way overpaid.

 

[The Sponge]

If they met their goals, they deserve the bonus. Simple as that.

But, the unions are killing the car industry (and many others). Way overpaid.

don't let this little tidbit get in the way of ur facts :0074

Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company?s financial filings show.Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is eligible to collect millions in retirement benefits from his former employer, according to the documents reviewed by ABC News.
The Obama administration asked for Wagoner to resign Sunday, as part of its restructuring of the auto industry. President Obama said this morning that forcing Wagoner out indicated it was a time for new leadership

 

[The Joker]

American cars can't hold a candle to foreign cars. Fact.

 

[gardenweasel]

Weasel & Tramp prior to working at GM she put in 15 yrs. at Rockwell. If working 42 yrs. is living the American Dream so be it.

fair enough....

 

[gardenweasel]

If they met their goals, they deserve the bonus. Simple as that.

But, the unions are killing the car industry (and many others). Way overpaid.

and this...two snaps...

and so many others...the reason why so many big cities and states are going belly up...

 

[The Sponge]

and this...two snaps...

and so many others...the reason why so many big cities and states are going belly up...

Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company?s financial filings show.Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is eligible to collect millions in retirement benefits from his former employer, according to the documents reviewed by ABC News.
The Obama administration asked for Wagoner to resign Sunday, as part of its restructuring of the auto industry. President Obama said this morning that forcing Wagoner out indicated it was a time for new leadership
:toast: