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Trump takes on General Motors (guess who wins?)

  • 📰 The Guardian
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  • 2 min. at publisher
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  • News: 4%
  • Publisher: 53%

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The president is hammering the company for cutting US jobs – but that’s the reality of our shareholder-driven system

 

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Pinging munizfraticelli! Reminds me of fascinating debates and discussions in our business associations class.

To serve his political purposes, Trump wants GM to be a socialist operation and keep sedan-making plants open when these models are not selling - Trump takes on GM In the 1950s, 1/3 of US workforce was unionized & GM workers made = $35/hr today- no more

If a company is only any use to its shareholders and can't provide any work except to foreigners people in America should seriously use their buying power to correct that attitude.

Excellent article. There are elements of “the Chinese way” that look rather favourable, ie no greedy shareholders to satisfy.

Why don't you take on some journalism sometime

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Trump takes on General Motors (guess who wins?) | Robert ReichThe president is hammering the company for cutting US jobs – but that’s the reality of our shareholder-driven system Trump. No one wins. The country loses. Gm workers make a third of 35$ an hour? You're effed in the head they make over 40$ an hour. But truth from the is like a unicorn!
Source: The Guardian - 🏆 84. / 53 Read more »