GM IPO My Give Workers And Dealerships The Chance To Profit On Success

Used to be that "getting a piece of the action" in the Detroit auto industry amounted to nothing more than slang for the fat cash bonuses and stock options collected by top executives.

That may start to change in a twist that could fundamentally transform the relationship of active union autoworkers to their leaner, more fiscally aware employers — and give new meaning to the term "pay for performance."

As federally owned General Motors Co. moves closer to its planned initial public offering, the automaker says it wants to give its dealers, retirees and employees — including members of the United Auto Workers — a chance to become owners of the recapitalized company.

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Agent009 - 10/14/2010 4:04:19 PM

+4 Boost

Novel concept for a union. Typically they got paid regardless of the quality of the job done.

uaw_lax - 10/14/2010 7:50:36 PM

-1 Boost

"Novel concept for a union. Typically they got paid regardless of the quality of the job done"

Agent009 ALL autoworkers get paid regardless of the quality of the job done, no difference for union or non union.

internationalmanofmystery - 10/15/2010 9:46:22 AM

+4 Boost

What a revelation! I get fired based on MY quality (or lax thereof) of work. (learn something new most days)