[lbo-talk] GM-UAW agreement

[Jordan Hayes]

> tell the owners to pay the bills with all the billions in cash
> that they have made off of our labour for the last thirty years.

Well, GM's stockholder equity is negative.  Those "billions" are gone. 
Cash-in-the-bank covers about half of GM's outstanding debt ($20B of 
$40B).  Net income has been negative for the past 3 years.

This is not the kind of business where you can just make it up in 
volume.

/jordan