Clearly, the dividend cut was overdue. It's interesting that it only finally happened when (Jerome) York joined the board. The 50 percent dividend cut in the eyes of the union is a necessary action, it had to happen.
More Quotes from Sean McAlinden:
It really seems to infuriate a lot of Americans. They give the rich people that live on (bond) coupon clipping in resorts all over the world a full pass. But when some autoworker spends weeks or months on a system making that much money, it drives people crazy.Sean McAlinden
Where there's not sales growth in the market at all everything is market share, everything is price and it becomes particularly vicious. There's no rising tides to lift any boats in this market.
Sean McAlinden
This is an important first step in extending collaborative business practices and embracing globalization to ensure Michigan remains competitive in automotive technologies and labor education.
Sean McAlinden
There will be another burst of gypsy moves. GM will have to move another 20,000 to 30,000 in the next two to three years. You're really going to have to get a lot of these people to retire or move back to Michigan and Ohio.
Sean McAlinden
The union talks a tough game, but I don't think they're going to let anyone walk out. Everybody is in the same lifeboat. They're not going to start to fence with each other in a rubber lifeboat.
Sean McAlinden
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A torn rotator cuff is a cancer for a pitcher and if a pitcher gets a badly torn one, he has to face the facts, it's all over baby.
Don Drysdale
I would like to explore and see this country. I have had so many opportunities to see it from the air! I would like to climb the mountains that I wished I could climb at the time but had to get back to Washington.
Janet Reno
Too many leaders act as if the sheep... their people... are there for the benefit of the shepherd, not that the shepherd has responsibility for the sheep.
Ken Blanchard