  Bvos Member Username: Bvos Post Number: 1705 Registered: 10-2003 Posted From: 75.10.21.159 |
Here's the latest on the Delphi crooks. Asking your line workers to take a 50%+ paycut while you get multi-million dollar bonuses is a great way to build worker trust and appreciation. I think a cripling strike is a forgone conclusion at this point. What do Delphi line workers have to loose? It's a good way to ensure that your execs. don't get their bonuses! To Solidarity, Brotherhood and Sisterhood! http://detnews.com/apps/pbcs.d ll/article?AID=/20060720/AUTO0 1/607200378 | ||
Thejesus Member Username: Thejesus Post Number: 57 Registered: 06-2006 Posted From: 68.62.6.138 |
I guess the other side of it is that if you get rid of the bonuses, you risk losing a huge motivating factor that is desgned to get the executuves to put in that extra time in order to meet financial goals...and missed financial goals could mean the end of the company, resulting in massive job losses... I agree that we're talking about greed here, but it's a competitive world, very few people are capable of runing large companies, and without incentives, you can't attract/retain top talent | ||
Bvos Member Username: Bvos Post Number: 1706 Registered: 10-2003 Posted From: 75.10.21.159 |
And without competent line workers you won't meet your financial goals either. Delphi needs top talent on the production floor as well. They're not going to get it with this plan. I wouldn't be surprised if folks started wildcat strikes with this announcement. | ||
Tndetroiter Member Username: Tndetroiter Post Number: 130 Registered: 12-2005 Posted From: 149.149.5.32 |
Yeah, go on strike and show them capitalists that you mean business. I mean, YOU might lose your job when the company shuts down, but at least they won't get their bonuses. Really, that isn't being short sighted at all. I mean, it's not like those execs have any money, I'm sure if the company shut down they'd be really hurting just like you'd be. Take the damn pay cut!!! It's not like you guys aren't overpaid anyways!!! | ||
Pdtpuck Member Username: Pdtpuck Post Number: 124 Registered: 01-2006 Posted From: 208.251.168.194 |
Besides that tndetroiter, the way labor laws are set-up nowadays, either they force you back to work with a presidential emergency order, or find out they can run the place with 1/3 less people, fire your ass, and hire someone else at half of your old pay! | ||
Thejesus Member Username: Thejesus Post Number: 59 Registered: 06-2006 Posted From: 24.169.224.43 |
Bvos: It's all about supply and demand. There are a shortage of people capable of runing a large business, but there is an abundance of labor at the present time...cutting the pay of the executives would send them running...cutting the pay of the labor won't affect them as badly | ||
Bibs Member Username: Bibs Post Number: 526 Registered: 10-2003 Posted From: 198.208.159.18 |
Wasn't there a team of talented and well paid executives in place before the bankruptcy. This talent pool missed their financial objectives and resulted in earning being reinstated for several years. The executive pool has changed but there is still no accountability! If the company goes under, they are going to make sure that get paid! | ||
Mikeg Member Username: Mikeg Post Number: 154 Registered: 12-2005 Posted From: 69.136.155.244 |
All of this controversy is just posturing on the part of the union. Note that their main argument is not with the incentives themselves but that the incentive targets are not set high enough. The union knows that they have long fought against incentive-based pay for their members, but they also know that this is the norm for upper management in all companies, whose pay can vary significantly depending on how well the company does. The Free Press article on this subject makes it clear that no bonuses have been paid out to Delphi managers for performance in the first six months of this year. | ||
Thejesus Member Username: Thejesus Post Number: 66 Registered: 06-2006 Posted From: 68.62.6.138 |
Bibs: And if you take those people out of the pool, then there's even FEWER executive-types to chose from...such is the world of big business (Message edited by thejesus on July 21, 2006) | ||
Bibs Member Username: Bibs Post Number: 527 Registered: 10-2003 Posted From: 64.12.116.204 |
Thejesus: What is the average salary of an executive at a Japanese auto company compared to an American auto company? It's much lower. Which one is performing better? I worked for a Japanese company for five years. Guess what was on the wall in my office in three foot letter:"WITH OUT FAIL"? This is what all my bosses said to me;"No excuse, I don't care. Doo it. Just doo it." My boss held me accountable. Money doesn't buy ambition, drive, accountability or intelligence. If it did then Japanese companies would fail left and right. | ||
Thejesus Member Username: Thejesus Post Number: 67 Registered: 06-2006 Posted From: 68.62.6.138 |
Bibs: Unfortunately, we're not in Japan. The US economy has not evolved the way the Japanese economy has. If an American company were to try to hire and retain executuves on a salary equal to about 10-12 times what the average laborer makes, the won't get any takers. The people capable of filling that position will just go work for a company that will pay them 200 times what the average laborer makes instead, since there are plenty of them. |
