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turns out
and i hope everybody sit down
the s_ and down are you guys relaxing you've had a relaxing
uh... i'm gonna blow your mind right now
turns out
there is a corporation
that does the right thing
evoking the prepara
or not
outlook is the first time i've heard of it
maybe you guys have a couple things examples of other than this one
listener this chrysler thatcherite p
uh... car company chrysler
is gonna give some profits back to their workers
so listen to this
but they are well reported on friday
that following a major turnaround since this government bailout
four years ago chrysler planned to reward its workers with a share of
profits
there can be no more doubt that are comeback israel chrysler c_e_o_ and
chairman sergio marci only said in an email to workers
betting that the credit for our turnaround is yours
the automakers turnaround include a one point seven billion dollar profit up
from one hundred thirty one hundred eighty three million in two thousand
eleven
so as i was reading this story
you guys know me i would like
food only one chronicle cut and where's the but
there's gotta be a buck in here somewhere
by gather sherry probably orders well yet
they're gonna fire them all right after something like that i was waiting for
the down side of the story
it just didn't come
solo corey new chryslers
current contract with the united auto workers eligible union membership
alimony union members should expect to receive a check
twenty-two
two thousand two hundred fifty dollars this is not the first time our she only
has acted as in untypical c_e_o_ and two thousand and ten in two thousand eleven
following the bailout
he turned out with a salary and a bonus for two years in a row
so i went back and get a little bit more research in trying to figure out
well what what went down with his government bailout because look at their
sharing
uh... profits with their workers
but they still in pain at the taxpayer
less popped up cuz the taxpayer
should get paid back right we bail their *** out
so
why which should we get shafted
welcome to find out
they did they ask back so chrysler sales are up
nineteen point six percent in the overall american market
the uh... had a partial buyout from fiat
along when the uh... bailouts happened
uh... you know fiat the italian
carmaker
uh... they own about fifty percent
in chrysler
they were supposed to pay their long back resource postpaid own back in two
thousand and seventeen
but they had a million way ahead of schedule in two thousand and eleven
the bailout was seven point six billion dollars from u_s_ and canada and all
debt is paid back now
and
what is the biggest thing that really from this guys is that
you know as a matter of principle
almost disagree with all bailouts right
why because i actually believe in
uh... you know government doing government functioned separately
and the private sector doing private functions i'd hate marrying those two
together sort of private corporation goes under to have the government sweep
in and try to save them
and sometimes it's a horribly wrong about that right because that's our hard
earned tax payer dollars being given to
a private company
which we did on my personel group of cheryl shareholders
why should they get that advantage over us the taxpayers why should they take
our money
right we improve that
but here's the thing
wow
there are a billion things to critique in although they are free dining you
guys ever need to know it
particularly the wall street bailouts right where they took our money had no
strings attached paid out bonuses to their c_e_o_s who ran the companies into
the ground so they don't deserve a bonus
they bore private jets
the remodel their offices which caused millions of dollars x en route ok down
against a hundred percent
them against period
new evidence leads to new thinking
i mean you can just blanket leaning against
something ect
often to present the time in a very black and white way
come to find out the chrysler bailout
it work