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June 2006
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June 18, 2005will raider kirk force GM into pre mature retract-ulation
everyone in long pants
knows by now
a hideous drive
thru the fringe stripper
awaits
amerika's
glandered motor giant
but maybe
that trips comin up
a lot sooner
then later
------------------------------------
AT LEAST THAT'S KIRK'S
WET DREAM .......
=================================
A SLEEVE POST:
" business analysts
are intrigued by the
idea that General Motors
– or a corporate raider
such
as Kirk Kerkorian –
could or should terminate GM
retirees' health plan. ..."
We know that Kerkorian
is actively buying up
GM shares,
HIS plan is as follows:
"buy
GM for $20 billion
sell GMAC Mortgage
for $10 billion,
and thereby own GM
and the rest of
GMAC,
the automaker's financial-services subsidiary,
for
the bargain price of 10 BILLION "
-------------WHATS GM WORTH?
a lot more apres la strip
JUST
terminating
the UAW retiree benefits
saves 5 billion a year ....--------
"very rough....talk
but can gm pull a full frontal strip off?
..... unclear law ..."
------ gm will hardly
be making the bid just for herself
her whole klass
is watching ...----
"Everyone will see this as a case of,
'as goes GM, so
goes the rest of the nation'.
This battle will draw in
support – on both sides –
from many well-funded allies
and interested parties,
guaranteeing a hard fought
battle.....
the winner in court ?"
--------- my take :
this is amerika
where our lady
of the law
gladly
bends herself under
the mass
of... our kapital -------
================================
Posted by herb jr. jr. at June 18, 2005 06:53 PM
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