Monday, June 8, 2009

Why Does the UAW President Still Have His Job?

Barry fired GM's CEO and replaced a large chunk of the Board of Directors.

Why does the President, Ron Gettelfinger*, of the UAW still have his job along with his executives?

The UAW leadership helped usher GM into bankruptcy, yet Barry rewards them with a piece of the action (17% ownership).

The UAW will own over half of Chrysler if the judge approved Barry's bankruptcy plan.

Barry's new deal: He decides who wins and who loses.


*No link provided. the UAW's web site seems to be compromised.

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