Reply #4: You might want to take a closer look -- please check out this other OP:

[scarletwoman]

The Chrysler deal sucks, for the workers & the retirees. It's not "ownership".

UAW’s Chrysler Equity Is Small Comfort as Union’s Power Wanes

"the union’s retiree health-care fund had accepted a 55 percent stake in Chrysler in return for cutting in half the automaker’s $10.6 billion cash obligation to the fund...Its Chrysler equity could turn out to be worthless, leaving retirees with curtailed health insurance"

So the shares in the company (which the rank & file don't see) cost the rank & file $5.3 billion in health care. Man, what a deal.


"While the UAW gained representation on the Chrysler board through the agreement, its power will be limited because shares owned by the trust fund will be voted by INDEPENDENT TRUSTEES"

The UAW (bureaucrats) get a seat on the board (but not a majority of seats on the board representative of their shares) - and even the bureaucrats (who have to be at least somewhat responsive to the rank & file) don't vote the shares UAW supposedly "owns"? WTF? Where's the "win" here?

(Please go the link and read the rest.)

sw