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MISSION STATEMENT - HELP TO BUILD SOLIDARITY IN THE MEMBERSHIP WHICH IN TURN BUILDS STRENGTH AND TO INFORM THEM WITH UNION AND COMPANY NEWS IN A TIMELY MANNER USING THE POWER OF THE INTERNET.

Now is the time for every Union member to stand up and purchase their own companies. GM stock is down to 2.95 a share. With enough employees purchasing the available stock, it would give the employees a chance to do what is right for the companies, and put people in charge that will actually keep the companies open. I know this post will go by with laughs, but Chrysler is up for sale, GM and ford are on their way to bankruptcy, it's time the employees took the companies, and made them employee owned. Sure you could still have a union, but at least you can help return the companies to profitability. Get rid of the big corporate checks, and put some checks and balances into the system that allows growth, and future development.

I think that is a great idea. I believe United Airlines did that when they were flirting with bancruptcy, why not us? I wonder if we could use our vested pension balance to help pay for it?
i mean, our pension will be all but worthless if the company implodes, this way we could have a chance anyway. Question

Has there been any talk about Jack Kerkorkian lately? He was one of the bidders for Chrysler a year ago when Daimler sold and wanted to do an employee buyout but was barred from meeting with people

His name is Kirk, not jack, and he just lost his ass on Ford. what makes you think he will come in now? nothing like vegas style investing. i mean come on, you know how risky investing in Detroit is?

It's always a risk to invest in any company. It's better to invest in any of the big three right now and take the risk in keeping the jobs than it is to let the companies go under. I don't care how much money the government pumps into the big three, if corporate doesn't want to change, and the employees don't want to change their will not be a big three. The employees may not have much of a voice in how the company works, but by taking ownership in them, the changes can be made, and the big three can survive. I understand how many people are in the union, and how many people are for the union. That's great everyone has a choice. I believe that the Union itself has become a corporation that does not want to change as well. By taking ownership in the companies, we take back our unions and put them back into what they are meant to be. Our unions need to get out of the corporate mentality and start focusing on our employees again. Since my last post gm stock has risen to $3.01. Even if investing in the companies gives them the cash flow to sustain we made our voices heard, and will make the changes needed for the companies to survive. It is time to take control of our future. Made in America can be made in America with pride again. Not made in China and assembled in the U.S.

My Father, and Grandfather retired from the Belvidere Chrysler Plant. I worked at the plant for a short while. I know how corporations and unions work, and currently they seem to be working hand in hand. It is not the right of the Government to bail out everyone that says help me, help me. We as American citizens need to look at what we can do to make our companies, and our country thrive again. I realize that not everyone has money to invest in companies, and people fear spending money right now. Think of it this way if every employee gave the same amount of money to a stock purchase plan that they give to the united way, it wouldn't take long to even gain partial ownership of one of the big three. It's when we stand together and say let's make the change, let's be strong, let's show what American made products are that we thrive.

Let's put the big three back on track, and help America prosper. If the Government wants to help that great, but let's help ourselves at the same time.

Brian W. Schachtner

that was a nice speech Brian. and i understand your view, however, taking an auto workers money and investing in one of these companies is quite honestly throwing it out the window. this is pure specuation on companies that cannot now turn a profit. investing just for the sake of hope to save them is pretty much futile. sure you can speculate and perhaps get a rally on the fact that some money is sent their way but thats just he issue. they will lose most of that in one quarter. they will end up filing anyway in 6 months. even assuming the economy were to be growing again say in 2010 what pays the bills until then? the only prayer that detroit has is interest from foreign buyers that need to establish themselves in the US to expand. otherwise file bankruptcy like any other failing company would, and if they are viable they will come out of the reorganization. if not then they dont. yes jobs are gone but the excess capacity has to be taken down from somewhere. the point is that its a little late to rally the troops, that should have been done about 4 or 5 years ago. odds are the dems will throw some kind of bone to organized laber autos just because of the way they vote. it still only prolongs the inevitable. i dont see what exactly is gonna make any of the three turnaround anytime soon, maybe you know something the rest of the world doesnt

This is a question I asked when Diamler bought us. If the employees own the company there would be a lot more pride in the product. But you still can't come to work and say hey I own this place I'm not doing it. There has to be Bosses and workers. Only this way we the owners would have the finnal say.
It could work but most of us are damm broke now from the way the world has turned upsidedown.
If this was a possiblity you bet I would throw whats left of my 401k in. Cause it ain't growin with ML thats for sure.
I'm glad you brought this up wschac1.

so how are you gonna buy into a private company? just curious. or do you mean after bankruptcy?

Every company has a price that they are willing to sell for. Obviously Cerebus wants to get out of the auto business, otherwise they wouldn't be trying so hard to broker a deal with every Tom, Dick and Harry that offers. I understand that it is inevitable for companies to go broke, and file bankruptcy. I also like the idea of evolution. Their are enough people that work in the automotive sectors to purchase one, or all of the big three. I also believe that consolidation is needed to make the automotive sector evolve into a better more competitive industry. I believe that this will allow more research and development to make them more competitive. The funny thing is some of the foreign companies are making more parts in America than the big three. Like I said earlier I understand the purpose of the union, and what they have given us, but I also think they make us less competitive, and they it harder for us to survive. If every company that worked for the big three had a set of union standards to work by, and not such high wages we would be able to stay competitive, and bring the jobs back to America. I currently have a job making parts for a motorcycle company that sends a lot of their work overseas. If the company I worked for had a union, these parts would not be made in America, but made somewhere else at cheaper costs. It's because of the high costs involved with unions that jobs are shipped overseas. If a set of union standards were set for every company for safety, hours, and holidays, and we left the insurance, and pay for the company and the government to decide, more jobs would come back to America.

My ideas may create some job loss, but with more jobs coming back to America more jobs would be created as well. Buy owning these companies we bring the jobs back to America, and help take the corporate union back to it's roots. If Cerebus does sell Chrysler, it will be in pieces. Many jobs will be lost, and many lives will be ruined. By purchasing the company ourselves we are able to keep the company as a whole, and have a right as shareholders to say yes or no to what happens with the company.

Any person that owns a share in a company is going to want it to grow stronger and stay competitive. You would not have to worry about those people coming into work saying I own a part of the company I don't feel like working today. Chances are they won't have enough shares of the company as an individual to have any pull to refuse to work. If employees pooled their money together as a whole then an offer could be made to cerebus to purchase the company. They want out of this business, because they are losing money. Why do you think they wanted to trade Chrysler for GMAC.

I'm in for pooling my hard earned money to make our companies better.

Brian W. Schachtner

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