Word: buyouts
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...many people are likely to accept a buyout...
...Ironically, while the buyout agreement could help cut GM's payroll, it could also end up exacerbating its other major problem, crippling employee retirement costs. John Murphy, the auto analyst for Merrill Lynch, warned in a note to investors, "The accelerated retirements at GM may result in a lower active headcount, but further exacerbates GM's already heavy burden of 2.5 retirees to active workers. Furthermore, GM continues to structurally shrink as it loses market share in the U.S., which means that a smaller company is supporting more retirees. Until GM stabilizes market share, rationalizes capacity at every point...
...docks to stop the deal. "A lot of Republicans feel they were hung out to dry," says King. The tussle has even offered the prospect of former President Bill Clinton, a Dubai adviser, squaring off with his spouse, New York Senator Hillary Clinton, who opposes the buyout. Geopolitics makes strange bedfellows. The deal is on hold pending a 45-day national-security review that DP World asked for in the hope of winning support and easing fears about its antiterrorism credentials...
...committee post meant an almost 90% pay cut, but Shockey's lobbying firm helped cushion the blow. Copeland, Lowery, Jacquez-where Lewis?s close friend Bill Lowery, a former California congressman, is a partner-gave Shockey a $600,000 going-away buyout, according to Shockey?s financial disclosure form. He was to receive his buyout in three $200,000 payments scheduled for February, May and August 2005-even as he was in his committee post. The firm would also keep Shockey in the family by hiring his wife, Alexandra-another former Lewis aide-as a consulting lobbyist...
...month period, those neighborhoods that have not sustained an undefined “critical mass” of inhabitants will likely be returned to marshland; those residents who have settled in the interim will be required to leave the region, costing the federal government millions in a buyout program and causing the again-displaced citizens much unneeded heartache. The commission’s report is not an appropriate response to the current situation in New Orleans. The debacle that was the horribly handled relief efforts in the immediate aftermath of Hurricane Katrina must not be repeated, yet the current proposal...