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Re: GM and its impact on FIRST
With the reports as to who will actually hold the value of the company, 70% will be the US government. I don't expect that they will be willing to give out money to charitables for a while. Some of the remainder is owned by union members, and their first priority must be keeping their workers working and protect those in retirement. I am not saying this to be detrimental to the unions, they have their work cut out for them and have specific responsibility to the members who pay them dues. The rest is held by people who have given money and are owed more than the company is worth. I hope the GM, Ford and Chrysler teams will be able to make it through the next few years. They may have to resort to FTC for a few seasons, but with any luck can continue and hold together until times are better.
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Good Luck All. Learn something new, everyday!
Al
WB9UVJ
www.wildstang.org
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Storming the Tower since 1996.
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