johnny from canada

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

$45,000 per year is better than zero per year.


On Nov 10 09:49 AM Jeff from PA wrote:

> But most of the benefits are outrageously overpriced because of the
> deregulation of the health and pharmaceutical companies. The article
> makes it sound like these people are making 150 grand a year, when
> it is closer to 60 or 70. To me that is a wage they deserve. The
> cuts should come from the top from the outrageous CEO and management
> pay. The gap between the average worker and CEO is the greatest it
> has ever been in world history. Considering you could pay 100-1000
> workers on one CEO's pay, if they would have cut their salaries of
> the last 2 decades, they would have saved billions.
>
> Those guys making 60-70 thousand plus benefits deserve every cent.
> The CEO's making 10's of millions do not.

Does the Clear Channel Settlement Spell Trouble for BCE?

I agree with Mr. McQueen. RIM is just one of many venues for easier money than the BCE deal. The bondholders can still drag this on for at least six months by appealing to the Supreme Court, the banks may stall for a better deal and the list goes on. The number of potential roadblocks just does not merit hard earned funds remaining on the table in this stinking deal. It was handled poorly from the beginning...rather like the telephone service Bell sometimes gives. However the fault is with Teachers in this case who failed to honestly deal with the bondholders grievances and with the banks difficult position. Teachers answer has been to litigate. That is great news for their lawyers but really lousy for shareholders who with this deal have the patience of a saint! The truly laughable aspect of this deal has been the number of hedge funds in the USA who have been scrutinizing and chasing this deal as though it were the last one on earth. I have learned from this one that they are not as sophisticated or smart as they have pretended to be!

BCE Deal Faces Several Hurdles

I think Monday, May 12th will be a crucial day. Even Mr. Allen, would I am certain admit that the deal could be showing signs of major problems if the CRTC documentation is not filed by then. Monday could see the stock up reasonably well but just as likely down by more than 10% if the transaction's completion looks in jeopardy.

Could the BCE/Ontario Teachers Union Deal Use JPMorgan's Help?

The failure to file the amended agreement with the CRTC was not "innocuous" as the writer mentions. In fact, there are signs that it indicates disagreement on CRTC requirements among the different buyers. They may well use CRTC regulatory stubbornness as an excuse to exit the deal claiming they have used their "best efforts" and thereby owe no penalty. Drafting of requiredCRTC revisions would not have taken more than a few days maximum. The buyers' regulatory lawyers had one month. There is something smelling very foul in this deal which BCE and Teachers are trying hush for the moment.