Comments on: Buyouts http://susiemadrak.com/2008/01/28/20/47/buyouts/ Keeping a jaundiced eye on the corporate media. Sat, 22 Nov 2008 20:01:13 +0000 http://wordpress.org/?v=2.6 By: Susie http://susiemadrak.com/2008/01/28/20/47/buyouts/#comment-135510 Susie Tue, 29 Jan 2008 14:23:31 +0000 http://susiemadrak.com/2008/01/28/20/47/buyouts/#comment-135510 Yeah, you're right. I feel better now. Yeah, you’re right. I feel better now.

]]> By: lutton http://susiemadrak.com/2008/01/28/20/47/buyouts/#comment-135505 lutton Tue, 29 Jan 2008 13:06:26 +0000 http://susiemadrak.com/2008/01/28/20/47/buyouts/#comment-135505 Those buyouts seem to be incentives to go work elsewhere - to give up your vesting in Chrysler's retirement system. I doubt it's intended for people to live off without finding other employment and benefits--nor could it support such a plan. Besides the $100k incentive, I'd guess many of these folks have been saving a tidy sum in their pension/401k's etc, which they will also roll over into retirement savings or the plans of wherever they go to work. While it'd certainly be a nicer system if people didn't have to worry about their health care no matter where or if they worked, the bottom line here is that a lot of the folks not eligible for the early retirement (with benefits) probably aren't ready for retirement in general. They're going to go get (or at least look for) jobs elsewhere. Those buyouts seem to be incentives to go work elsewhere - to give up your vesting in Chrysler’s retirement system.

I doubt it’s intended for people to live off without finding other employment and benefits–nor could it support such a plan.

Besides the $100k incentive, I’d guess many of these folks have been saving a tidy sum in their pension/401k’s etc, which they will also roll over into retirement savings or the plans of wherever they go to work.

While it’d certainly be a nicer system if people didn’t have to worry about their health care no matter where or if they worked, the bottom line here is that a lot of the folks not eligible for the early retirement (with benefits) probably aren’t ready for retirement in general. They’re going to go get (or at least look for) jobs elsewhere.

]]> By: Mad Martigan http://susiemadrak.com/2008/01/28/20/47/buyouts/#comment-135493 Mad Martigan Tue, 29 Jan 2008 05:16:18 +0000 http://susiemadrak.com/2008/01/28/20/47/buyouts/#comment-135493 Well, duh, can't they just put the $100K in the stock market and live happily ever after? You know, buy Microsoft and wait for it to split? Or maybe some of those new REIT's..!! Real Estate Investment Trusts, the wave of the future. Houses never go down in price or lose their value... Well, duh, can’t they just put the $100K in the stock market and live happily ever after? You know, buy Microsoft and wait for it to split?

Or maybe some of those new REIT’s..!! Real Estate Investment Trusts, the wave of the future. Houses never go down in price or lose their value…

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