UAW Wants Seats On Big Three Boards

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UAW Wants Seats On Big Three Boards
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UAW President Bob King is angling for seats on the Big Three’s respective Boards Of Directors, and will likely use this as a negotiating point when contracts are discussed with automakers this summer. “I believe there should be workers’ representation on all boards,” King told The Detroit Bureau, arguing that German car companies employ the… Continue Reading...

UAW Head Bob King Slams Ford CEO’s $56.5 Million Compensation

UAW Head Bob King Slams Ford CEO’s $56.5 Million Compensation
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UAW chief Bob King slammed Ford CEO Alan Mulally’s $56.5 million stock package, claiming that “I don’t think any human being in the world deserves that much money.” While certain to raise the ire of Ayn Rand fanatics everywhere, King is amping up the rhetoric ahead of the United Auto Workers “bargaining conference” where strategies… Continue Reading...

UAW Official Hopes Ford Will Share Profits Amid Executive Stock Offerings

UAW Official Hopes Ford Will Share Profits Amid Executive Stock Offerings
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With Ford awarding more than $130 million in stock to its top executives, the UAW official in charge of Ford is optimistic that the company will also compensate union members who build the vehicles that Ford sells. “I am going to look at that on the up side and say that I know that they… Continue Reading...

GM CEO Chris Liddell Steps Down, Replaced By Treasurer Dan Ammann

GM CEO Chris Liddell Steps Down, Replaced By Treasurer Dan Ammann
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After 14 months on the job and one IPO, General Motors CFO Chris Liddell is stepping down, and will be replaced by treasurer Dan Ammann. Liddell was viewed as a potential successor to CEO Dan Akerson, but said he wants to move on from his CFO position, after having previously holding the title at Microsoft… Continue Reading...