|
COPYRIGHT 2005 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com
Byline: Allan Sloan
For those of us who came of age in Detroit, the new twist in the long-running game show starring General Motors and the United Auto Workers is stunning. It used to be "Family Feud." Last week it was replaced by "Let's Make a Deal."
The change was inspired, in no small part, by the Delphi horror show. Delphi, formerly GM's parts division, has famously gone Chapter 11, with chairman Steve Miller talking about seeking a two-thirds reduction in salary and benefits. Any GM-UAW worker or retiree who can count can see that accepting what amounts to about a 20 percent cut in your medical benefits is lots better than risking what's likely to happen to the guys...
Read the full article for free courtesy of your local library.
|