Question is whether the enterprise can be viable once it sheds/if it sheds the liabilities and the retirees health costs.
The direct union ownership role is interesting and potentially important.
-----Original Message----- From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org] On Behalf Of Doug Henwood Sent: Tuesday, April 28, 2009 12:55 PM To: lbo-talk Cc: Sam Gindin Subject: [lbo-talk] U.S. auto sector socialized! WITBD?
So with the UAW about to control 55% of Chrylser, and the U.S. gov likely to take a majority interest in GM (with the UAW holding a large
stake as well), this means the effective socialization, at least in potential and/or theory, of a large chunk of the U.S. auto sector. What does this mean? Does anyone know what to do with it? Or is this just lemon socialism on a very large scale? Has anyone thought about this? ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk