Grandpa Richard Speaks

According to my favourite newspaper, President Obama has forced GM’s boss to resign. The White House says neither GM nor Chrysler submitted acceptable restructuring plans. Part of what is going on now is because the American people are becoming more and more frustrated with the way business leaders seem to get big pay cheques whether [...]

For obvious reasons, the Auto Industry Bailout continues to be at the top of the list. I read an interesting statistic this morning. The average labour cost of a vehicle is $1,500. If that figure is even close to accurate, gaining concessions from current workers is not going to help much. Likewise, getting executives to [...]