>CB: This isn't exactly what you mean, but I think the UAW is taking
>over running the pension.
Don't you mean the retiree health care fund?
This, I think, is the single most horrible thing about this deal. Not only did the UAW abandon any sort of class solidarity by caving on the health care issue -- thus helping to ensure that 50 million people stay uninsured and more underinsured -- but by insisting on a self-managed fund, GM got the union to start thinking like a portfolio manager. So now the union's primary metric for success will be GM's stock price. Lovely.