Joey

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    • Mon Oct 13th 10:47 AM | Rating: 0 0
      Commented on:
      Big Three Automakers' Desperation for Survival
      How to Fix GM – Advice from someone who worked there.
      1) Sell All of GMAC and the Insurance Business (Ditech)
      2) Cut down from five regional offices to two. One in Atlanta (east of the Mississippi River)and one in LA (west of Mississippi River). That means Chicago, New York, and Dallas are closed. With about 250 people working in each location (750 total) at an average of $100,000 each, that is a yearly savings of $75 million. Operation cost (rent, equipment, etc.) at the three locations will save another $1.8 million. Benefits for the 750 employees will save another (at $20,000 each) another $15 million.
      3) Next, there is an average of three offices per state (local offices in cities across the country), if we close them, that is another $3 million in office space.
      4) Next, the District Managers work out of their house and the Zone Managers (or whatever term is given to them), could be let go. They make around $150,000 a year and there are about 75 of them. Again, a savings of $11.25 million. With benefits, a total of $12.75 million in savings.
      5) Next, cut around 150 jobs at the Detroit GM Headquarters. A savings of around $18 million with benefits.
      6) Next, cut Buick down to two cars (Enclave and Lucerne), cut Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to one (Vue) – and put all cars to a new umbrella called “United GM”. This will save GM billions. Also cut back on two Chevy models and two Cadillac models.
      7) Next, cut advertising in November, December, January, February, March, April, and May (with the exception of auto show advertising for a three week period during the show and its incentives). This will save GM around $1.4 billion.
      View article »
    • Fri Oct 10th 19:34 PM | Rating: 0 0
      Commented on:
      Friday Options Update: MS, XLF, WFC, GS, ZION, XRAY, FDRY, HA, GM
      Peppio, the unions have always been there. Even when GM was doing extremely well like the 50's, 60's, 70's and 80's, only there were more Union employees then there are now. Now, its the robots doing the work with only about 1/4 of the employees GM use to have. If you check out Detroit and Flint, that is where GM has the highest percentage of GM cars and imports do not sell as well. The loyalty of the union employees is there, there just is very few of them. Besides, many of the GM cars are made in Canada, Mexico, Australia, etc. Less and less GM vehicles are being made in the U.S.
      View article »
    • Fri Oct 10th 15:38 PM | Rating: 0 0
      Commented on:
      Friday Options Update: MS, XLF, WFC, GS, ZION, XRAY, FDRY, HA, GM
      How to Fix GM – Advice from someone who worked there.
      1) Cut down from five regional offices to two. One in Atlanta (east
      of Lake)and one in LA (west of Lake). That means Chicago, New York,
      and Dallas are closed. With about 250 people working in each location
      (750 total) at an average of $100,000 each, that is a yearly savings
      of $75 million. Operation cost (rent, equipment, etc.) at the three
      locations will save another $1.8 million. Benefits for the 750
      employees will save another (at $20,000 each) another $15 million.
      2) Next, there is an average of three offices per state (local
      offices in cities across the country), if we close them, that is
      another $3 million in office space.
      3) Next, the District Managers work out of their house and the Zone
      Managers (or whatever term is given to them), could be let go. They
      make around $150,000 a year and there are about 75 of them. Again, a
      savings of $11.25 million. With benefits, a total of $12.75 million
      in savings.
      4) Next, cut around 150 jobs at the Detroit GM Headquarters. A
      savings of around $18 million with benefits.
      5) Next, cut Buick down to two cars (Enclave and Lucerne), cut
      Pontiac to one (G6), cut GMC to two (Yukon and Sierra), cut Saturn to
      one (Vue) – and put all cars to a new umbrella called “United
      GM”. This will save GM billions
      6) Next, cut advertising in November, December, January, February,
      March, April, and May (with the exception of auto show advertising
      for a three week period during the show and its incentives). This
      will save GM around $1.4 billion.
      Total Savings for GM = $123.75 million in salaries for # 1-4, $1.4
      million in savings for #6, and for #5, I do not know the exact number
      but it should be a savings of around $25 billion.
      View article »
    • Fri Oct 10th 11:28 AM | Rating: 0 0
      Commented on:
      Bargain Hunting: Oracle, Symantec, Tata Go Shopping
      Oracle's stock is down over 35% in two months. That is two months after the announcement of an $83.6 million dollar salary to the CEO. Stockholders - this is your money. The Board is suppose to represent you - not line the pockets of the CEO with your money, your children's money, and your grandchildren's money. Fire the board.
      View article »
    • Fri Oct 10th 11:27 AM | Rating: 0 0
      Commented on:
      It Is Darkest Before Dawn
      Oracle's stock is down over 35% in two months. That is two months after the announcement of an $83.6 million dollar salary to the CEO. Stockholders - this is your money. The Board is suppose to represent you - not line the pockets of the CEO with your money, your children's money, and your grandchildren's money. Fire the board.
      View article »
    • Thu Oct 9th 09:36 AM | Rating: 0 0
      Commented on:
      Bargain Hunting: Oracle, Symantec, Tata Go Shopping
      Since Oracle announced the $83.6 million dollar salary to the CEO, its value dropped from $23 to $16.80. A loss of around 35% in stock price. What was Oracle's Board thinking when they allowed stockholders money to pay their CEO more than the typical $5 million dollars that a CEO like Avon gets when she grew shareholders' money about 20% in one year. .
      View article »
    • Tue Oct 7th 17:02 PM | Rating: 0 0
      Commented on:
      10 Ways the Financial Meltdown Impacts Tech
      Oracle's stock dropped 30% since it board of directors approved the $83.6 million dollar salary for the CEO less than two months ago. A six dollar drop in share price. I hope all the stockholders fire the board.
      View article »
    • Sun Oct 5th 19:12 PM | Rating: 0 0
      Commented on:
      Auto Industry Recovery Once Again Postponed
      GM, Ford, and Chrysler should make a pack to postpone all advertising, with the exception of auto show offers, until March of next year. This way, when they do advertise, the economy may be better, especially if Obama wins, and people will be more likely to buy cars. Right now, they are throwing dealers and stock holders money away advertising cars and trucks people can not afford to buy right now.
      View article »
    • Fri Oct 3rd 09:49 AM | Rating: 0 0
      Commented on:
      September Auto Sales: Why Was Ford Hit So Hard?
      GM was all over the internet and TV with their commercials and sales were still down. It looks like GM should just cut their advertising spending down to nothing and start building their shares back up. All agencies/contractors should be cut.
      View article »
    • Mon Sep 29th 19:25 PM | Rating: 0 0
      Commented on:
      Oracle Ready To Spend Billions On M&A
      Good thing the CEO paid himself $83.6 million dollars. The stock is down more than -(20%) in one year. I hope all the stock holders reject the entire board at Oracle.
      View article »
    • Sun Sep 28th 10:29 AM | Rating: 0 0
      Commented on:
      Today's Other Bailout: $25B for Auto Makers
      Having worked for GM, I have never seen a company waste more money than them. When they have parties, they cost over $500,000 hiring speakers that cost $100,000 and making everyone stay in a hotel for over $200 a day. That's one party and they have about ten of them a year. Next, they pay people $300,000 a year for a job that they could hire someone for $110,000 a year. They overpay their 22,000 white collar salaried employees all the time and they do half the work of any other company. At 5:00 p.m.., the place is empty. When some big shot from Detroit comes in, they do a massive cleanup of the office and tell everyone to stay at their desks all day and pretend to look busy. Did I mention that GM is almost all white men too that says the word "yes" as often as they breathe? Also, watching and playing video games is an everyday occurrence.
      View article »
    • Sun Sep 28th 10:28 AM | Rating: 0 0
      Commented on:
      Government Approves $25B Low Cost Loan Package for Auto Industry
      Having worked for GM, I have never seen a company waste more money than them. When they have parties, they cost over $500,000 hiring speakers that cost $100,000 and making everyone stay in a hotel for over $200 a day. That's one party and they have about ten of them a year. Next, they pay people $300,000 a year for a job that they could hire someone for $110,000 a year. They overpay their 22,000 white collar salaried employees all the time and they do half the work of any other company. At 5:00 p.m.., the place is empty. When some big shot from Detroit comes in, they do a massive cleanup of the office and tell everyone to stay at their desks all day and pretend to look busy. Did I mention that GM is almost all white men too that says the word "yes" as often as they breathe? Also, watching and playing video games is an everyday occurrence.
      View article »
    • Thu Sep 18th 10:24 AM | Rating: 0 0
      Commented on:
      GM Volt Generates Interest - Will Congressional Funding Follow?
      GM's stock was $55 when Clinton left office. If GM did not fight for more fuel efficient vehicles with the Government, they would not be in the mess they are in with their shares less than $11.
      View article »
    • Tue Sep 16th 13:43 PM | Rating: 0 0
      Commented on:
      The Ultimate Value Trap
      GM's stock was $55 when Clinton left office and Ford's stock was $17.47. Now, GM's stock is less than $11 and Ford less than $5 per share under the Bush Administration. If we had all Democrats in the White House, Congress, and Senate, there would have been fuel efficient standards in place and the auto companies would not be in the mess that they are in today.
      View article »
    • Tue Sep 16th 13:34 PM | Rating: 0 0
      Commented on:
      4 Technology Providers Ripe for Acquisition
      As of 9/16, Oracle's one year stock growth is now a -10.8% (from
      $21.04 to $18.77). Why did the board of directors approve an $83.6
      million dollar a year salary for Oracle's CEO? Why don't the
      shareholders contact the SEC and get rid of the board? What's going
      on here???
      View article »
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