Tag Archives: Auto Industry

How Large Should the Concessions Be from UAW to Help the Automakers Receive Bridge Loans?

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loans

Congress wants concessions from the auto industry before providing any bridge loans. Being discussed are auto industry executive compensation package concessions, UAW executives and administration concessions, UAW (Union) wage, pension and health care concessions, retooling to yield green vehicles (would these be GEM Flex?) among others.

If the automakers were to fail or go into bankruptcy the auto executives and UAW executives would lose the incomes they have, they should they protect their jobs by protecting the rank and file, those that yield the products and profits.

What income and compensation concessions should the company executives have to agree to, to protect the companies they lead?

What concessions in compensation should the UAW executives and administration have to agree to?

How much of the burden should the workers bear?

Shouldn’t the rank and file that makes the products that produces the profit be protected from the deep cuts while the executives and administrative personnel (those that don’t yield anything) tighten their budgets?

Loan Modification 1 – Home Mortgage & Real Estate Marketing Nov08 – Recession, Treasury & TARP

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