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American Axle Strike: Unions Continue to Kill U.S. Manufacturing

To Sicofit (posted Apr 05 11:16 AM), you mentioned, “...If you would have done your homework...”, and, “...I don't see you printing what the ceo [sic] of American Axle got...”

This information is public and readily available:
______________________...

2007 compensation including Salary, Bonus, Stock Awards, Option Awards, “Change in Pension Value and Nonqualified Deferred Compensation Earnings” and “All Other Compensation”:

Richard E. Dauch $10,175,194 (Co-Founder, Chairman & CEO)
Michael K. Simonte $511,241
Yogendra N. Rahangdale $1,063,334
David C. Dauch $752,527
Patrick S. Lancaster $655,631

Source: SCHEDULE 14A Definitive Proxy Statement
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
April 24, 2008
Filed March 24, 2008
Summary Compensation Table
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I believe the Annual meeting is 3:00 PM on April 24th at the AAM World HQ Auditorium, One Dauch Drive, Detroit, but admission may be limited to AAM stockholders as of the record date and holders of valid proxies , i.e., if you were an AAM stockholder at the close of business on February 29th.

American Axle Strike: Unions Continue to Kill U.S. Manufacturing

Psst - drkirk .... you can get the book (new!!) on Amazon for $11.99 + $3.99 shipping out of FL. Not autographed, though.

Hmmm, now that the AXL strike is starting to eat into higher volume Cobalts in Lordstown, we might see some movement. Not sure if AXL's threat to move the work offshore is posturing or real, or a mix of both. Probably the latter.

American Axle Strike: Unions Continue to Kill U.S. Manufacturing

It's interesting that GM has been calmly shutting lines down while AXL and the UAW haven't been in a hurry to talk. It's like there's a 3-way agreement - implied or otherwise - to just let things ride for a few weeks. Why? (1) GM gets to reduce inventory, (2) The UAW leaders look like stubborn heroes to their members and (3) AXL probably gets some quiet kudos from GM for going along with the "stall" and has probably received a signal from the UAW RE working something out on legacy costs .... at the right time. Everyone wins.