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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