Quote:
Originally Posted by GrinderSS
go and buy 18% of the stocks offered in GM's IPO? Now we have an American company that has the following ownership:
45% American government
13% UAW
7% Canadian government
1% Chinese government
10% Former bond holders
24% Private investors
So, I have a question. How does the UAW reconcile the chi-coms owning a major stake in their company when chi-com labor is responsible for so many of their members being unemployed? Clearly the UAW leadership doesn't care about the American and Canadian men and women that makeup it's membership. The UAW seems complicit in reducing the American automotive industry workforce.
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First, saying that the UAW leadership doesn't care about the workforce is erroneous since GM is a publicly traded company and therefore
anyone can own their stock. Secondly I think 1% is hardly worth mentioning. Lastly, don't blame the chi-com labor for stealing jobs from the American men and women. It is clearly not their fault that companies choose to save money by outsourcing to China to pay their CEOs ridiculous paychecks and severance packages.