UAW Would Own 55% of Chrysler Stock Under Deal

Wall Street Journal ^ | 4/27/09 | ALEX P. KELLOGG

[MV=PY]

By ALEX P. KELLOGG STERLING HEIGHTS, Mich. -- The United Auto Workers union would eventually own 55% of the stock in a restructured Chrysler LLC under the deal reached by the union and the auto maker, according to a summary of the agreement that was reviewed by the Wall Street Journal.

[TChris]

Boycott Chrysler. Had a Le Baron GTS years ago. Will not even rent a Chrysler product now. They picked the pocket of the creditors.

Remember, this deal was created by the government overseer picked by Barack Obama when he gave them all the cash.

Your anger would be more correctly aimed at BO and his administration. The Chrysler leadership has a figurative gun to its head right now, so they really have no choice in how it goes.

[jimfree]

Your anger would be more correctly aimed at BO and his administration. The Chrysler leadership has a figurative gun to its head right now, so they really have no choice in how it goes.

Yes, ... that would be true as far as it goes. How much of that Chrysler leadership is running the company and benefiting from its success now? UAW and Don Obama now own most of Chrysler. I will not reward this hustle with patronage. I will not contribute to the coffers of these mafiosi.

[TChris]

I will not contribute to the coffers of these mafiosi.

Sadly, neither will I.

I have been a big Chrysler fan for 10 years too.

Hello Toyota, Nissan and Hyundai!

[Wyatt's Torch]

I regret to this day that I did not suggest to Prof. Hansen that students should control means of production of grades, have the class vote ourselves “A+” and head off for beer. That might have actually taught the guy a valuable lesson in reality.

Send him a copy of Atlas Shrugged. It would be useful to him now...

[dearolddad]

Marxists usually don’t like employee owned firms. Obama will probably mess up the deal.

I've said it before and I'll say it again; Obummer /UAW will fu*kup a one car funeral.