The WSJ is reporting that the UAW will eventually own 55 percent of Chrysler stock in a new deal reached between the company and the union. According to the news alert, Fiat will own 35 percent and the government and private lenders will own 10 percent.
This seems like a great idea. Sure, if the company fails the workers get little. But, at the same time, if it succeeds, the workers win. So, it's in the interest of the workers to win.
This goes to the heart of what companies should be doing: Allowing workers to share in the creation of the wealth of the company. Why haven't other companies done this? Why hasn't the government promoted this with TARP funds and other things? There are no protections at all for workers. There are also no incentives too.
Hopefully Chrysler and other companies will start making cars that the public wants to buy. I'm particularly interested in the Dodge ZEO concept car: ["ZEO"]. Bring it on Chrysler. There are buyers waiting!
This seems like a great idea. Sure, if the company fails the workers get little. But, at the same time, if it succeeds, the workers win. So, it's in the interest of the workers to win.
This goes to the heart of what companies should be doing: Allowing workers to share in the creation of the wealth of the company. Why haven't other companies done this? Why hasn't the government promoted this with TARP funds and other things? There are no protections at all for workers. There are also no incentives too.
Hopefully Chrysler and other companies will start making cars that the public wants to buy. I'm particularly interested in the Dodge ZEO concept car: ["ZEO"]. Bring it on Chrysler. There are buyers waiting!
2 comments:
The ZEO looks cool but impractical, a better candidate for Chrysler/Fiat
would be a version of the Fiat Bravo, one of the best familt sedans in Europe.
http://www.autoblog.com/2009/04/27/chrysler-planning-second-fiat-based-compact-sports-sedan/
Thanks Andy. From this article, it doesn't look like the Bravo is an electric car though. Is it?
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