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Reply #14: Won't the union have 55% of the voting stock? [View All]

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ProgressiveProfessor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-30-09 08:11 PM
Response to Reply #9
14. Won't the union have 55% of the voting stock?
If they do depending on the corporate charter, they should have at least a majority on the board.
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  -At present, the UAW union will own 55% of Chrysler ! kentuck  Apr-30-09 07:28 PM   #0 
  - I really hope so.  tabatha   Apr-30-09 07:32 PM   #1 
  - thats great  marketcrazy1   Apr-30-09 07:34 PM   #2 
  - I think the government (us) have agreed to put up $8 billion?  kentuck   Apr-30-09 07:36 PM   #4 
  - Are you sure about that? I thought one of the airlines did that in the 80's.  Egalitariat   Apr-30-09 07:35 PM   #3 
  - IIRC  bbinacan   Apr-30-09 07:37 PM   #5 
     - Chrysler is shutting down all production  marketcrazy1   Apr-30-09 07:43 PM   #6 
  - wow, good luck, workers!  nilram   Apr-30-09 07:44 PM   #7 
  - several parts suppliers  marketcrazy1   Apr-30-09 07:48 PM   #8 
  - i wouldn't call it "majority interest". it's "majority equity" and equity is crap in a bankruptcy  unblock   Apr-30-09 07:55 PM   #9 
  - Won't the union have 55% of the voting stock?  ProgressiveProfessor   Apr-30-09 08:11 PM   #14 
  - Everyone of these new owners should watch the documentary "The Take" if they haven't already  glitch   Apr-30-09 08:24 PM   #15 
  - the agreement by which they got 55% equity did not give them a majority on the board.  unblock   Apr-30-09 09:43 PM   #19 
  - thanks for that info, very helpful.  Hannah Bell   Apr-30-09 09:01 PM   #18 
  - I am still wondering how such a thing is legal.  JVS   Apr-30-09 08:03 PM   #10 
  - Who will they blame when the company fails?  malti_poo   Apr-30-09 08:05 PM   #11 
  - Remember when Harley Davidson was at death's door?  Hoopla Phil   Apr-30-09 08:07 PM   #12 
  - how long until they agree to give themselves a massive pay cut?  leftofthedial   Apr-30-09 08:08 PM   #13 
  - Only for new hires. n/t  Mugu   May-01-09 12:02 AM   #20 
  - If they have to have a strike or lockout.  hughee99   May-01-09 01:10 PM   #22 
  - According to some on DU this is a bad thing  Uzybone   Apr-30-09 08:28 PM   #16 
  - Here is more on the bailout from ABC News..  kentuck   Apr-30-09 08:51 PM   #17 
  - The triumph of corporate capitalism -- workers now control the means of production.  eppur_se_muova   May-01-09 01:04 PM   #21 
  - It's an interesting turn. Did Obama just make history  4_TN_TITANS   May-01-09 01:39 PM   #23 
  - It's an interesting turn. Did Obama just make history  4_TN_TITANS   May-01-09 01:39 PM   #24 
 

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