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GM announces profit-sharing checks up to $11,750 #4658739
02/07/18 08:19 AM
02/07/18 08:19 AM
Joined: Sep 2004
Posts: 21,633
Orlando, FL
Mr Nice Offline OP
Mr Nice  Offline OP
Joined: Sep 2004
Posts: 21,633
Orlando, FL
GM announces profit-sharing checks up to $11,750
It's good to see people rewarded for their hard work from their employer.

http://www.detroitnews.com/story/business/autos/general-motors/2018/02/06/gm-profit-share/110146262/

Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658745
02/07/18 08:24 AM
02/07/18 08:24 AM
Joined: Mar 2004
Posts: 20,758
Upstate NY
Donald Offline
Donald  Offline
Joined: Mar 2004
Posts: 20,758
Upstate NY
Up to $11,750 could mean one person got $11,750 and the rest got $1000.


2015 Subaru Forester 2.5 engine/CVT
2015 Ford F250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658751
02/07/18 08:26 AM
02/07/18 08:26 AM
Joined: Jul 2005
Posts: 30,429
NY
demarpaint Offline
demarpaint  Offline
Joined: Jul 2005
Posts: 30,429
NY
Good on them, they didn't have to share anything, their employees do get paid to work.


God Bless Our Troops

Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658758
02/07/18 08:36 AM
02/07/18 08:36 AM
Joined: Oct 2009
Posts: 3,218
Wet side WA
JohnnyJohnson Offline
JohnnyJohnson  Offline
Joined: Oct 2009
Posts: 3,218
Wet side WA
More curtain proof their products are over priced!


2004 Corolla 124786
Out: VML 5w-30 TG4967 OCI 5007 Miles
In: EDGE EP 5W-30 Bosch 3311 122537 7-18-18
2006 Duramax 74277
Out: T6 5W-40 M1-303
In: T6 5W-40 XG9100 74705 4-22-18
Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658759
02/07/18 08:37 AM
02/07/18 08:37 AM
Joined: Mar 2008
Posts: 5,943
Michigan
ZZman Offline
ZZman  Offline
Joined: Mar 2008
Posts: 5,943
Michigan
And Ford and Chrysler giving big checks too. Nice to see the workers benefit as well as stockholders.


2003 Mercury Grand Marquis. Rotella T6 Multi-Vehicle oil
2008 Sebring Hardtop convertible. Rotella T6 Multi-Vehicle oil
2006 Kawasaki Vulcan 900 LT. Amsoil Metric 10w-40
Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658764
02/07/18 08:42 AM
02/07/18 08:42 AM
Joined: Feb 2011
Posts: 1,265
Wishin' I was in Wi
mjk Offline
mjk  Offline
Joined: Feb 2011
Posts: 1,265
Wishin' I was in Wi
Take some of that money and reimburse owners of early to mid 2000 SUV and Truck owners for the [censored] and unpainted rocker panel design

whistle

Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658767
02/07/18 08:45 AM
02/07/18 08:45 AM
Joined: Aug 2013
Posts: 332
Alberta
tcp71 Offline
tcp71  Offline
Joined: Aug 2013
Posts: 332
Alberta
How about repaying grants given to GM to stay afloat. Then distribute to the taxpayers that actually paid those grants.


2016 F150 Eco: Edge 0w40
2005 Sienna 3.3: mobil 0w40 (varies)
Re: GM announces profit-sharing checks up to $11,750 [Re: tcp71] #4658771
02/07/18 08:47 AM
02/07/18 08:47 AM
Joined: Dec 2008
Posts: 3,080
Occupied Virginia
Bottom_Feeder Offline
Bottom_Feeder  Offline
Joined: Dec 2008
Posts: 3,080
Occupied Virginia
Originally Posted By: tcp71
How about repaying grants given to GM to stay afloat. Then distribute to the taxpayers that actually paid those grants.

This.

Re: GM announces profit-sharing checks up to $11,750 [Re: Donald] #4658772
02/07/18 08:48 AM
02/07/18 08:48 AM
Joined: Sep 2004
Posts: 21,633
Orlando, FL
Mr Nice Offline OP
Mr Nice  Offline OP
Joined: Sep 2004
Posts: 21,633
Orlando, FL
Originally Posted By: Donald
Up to $11,750 could mean one person got $11,750 and the rest got $1000.


Correct, based on their seniority will determine the amount the employee will receive.

But $1000 is much better than $0

Re: GM announces profit-sharing checks up to $11,750 [Re: Donald] #4658780
02/07/18 08:54 AM
02/07/18 08:54 AM
Joined: Jun 2002
Posts: 18,222
Elizabethtown, Pa
Al Offline
Al  Offline
Joined: Jun 2002
Posts: 18,222
Elizabethtown, Pa
Originally Posted By: Donald
Up to $11,750 could mean one person got $11,750 and the rest got $1000.

Yea crumbs right? :rolleyes: Are you worth 27 million?

Originally Posted By: tcp71
How about repaying grants given to GM to stay afloat. Then distribute to the taxpayers that actually paid those grants.

So the gov. can spend that money on the sex life of a wood beetle?

Last edited by Al; 02/07/18 08:56 AM.

Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658784
02/07/18 08:58 AM
02/07/18 08:58 AM
Joined: Jul 2005
Posts: 30,429
NY
demarpaint Offline
demarpaint  Offline
Joined: Jul 2005
Posts: 30,429
NY
Originally Posted By: Mr Nice
Originally Posted By: Donald
Up to $11,750 could mean one person got $11,750 and the rest got $1000.


Correct, based on their seniority will determine the amount the employee will receive.

But $1000 is much better than $0


Exactly. Once again they didn't have to give any of their employees anything more than a paycheck. wink


God Bless Our Troops

Re: GM announces profit-sharing checks up to $11,750 [Re: tcp71] #4658832
02/07/18 09:42 AM
02/07/18 09:42 AM
Joined: Nov 2016
Posts: 395
Texas
BalticBob Offline
BalticBob  Offline
Joined: Nov 2016
Posts: 395
Texas
Originally Posted By: tcp71
How about repaying grants given to GM to stay afloat. Then distribute to the taxpayers that actually paid those grants.


What he said ^^^^
GM was saved by a taxpayer funded bail-out, so now their employees get a bonus?
At least they are working to get their welfare check.
A Government Motors vehicle will never again be owned by me.

Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658846
02/07/18 09:53 AM
02/07/18 09:53 AM
Joined: Dec 2010
Posts: 3,038
california
goodtimes Offline
goodtimes  Offline
Joined: Dec 2010
Posts: 3,038
california
I'm glad GM was saved, lots of new Chevys and other GM all over here. Like them, well done GM. Guy down the street has a new Corvette. Not like in the 50's when everyone could buy a new Chevy but nice still here. They get a huge tax break this year, and are doing well, why not reward employees. Makes me want to stick with GM in the future. Grandpa always had a new Chevy, once about every twenty years I guess. Last one was A 58, I'm very happy GM was saved, true American icon.

Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658871
02/07/18 10:16 AM
02/07/18 10:16 AM
Joined: Jun 2002
Posts: 2,706
Southeastern USA
FowVay Offline
FowVay  Offline
Joined: Jun 2002
Posts: 2,706
Southeastern USA
My company gave all of their employees a nice profit sharing check (they always pay them on Valentines day) this year. It's a small amount less than last years check but it's still a wonderful way of saying thanks to the shop floor worker who is working around the clock, 24/7 keeping the operation running.

The company always sends out corporate finance information defining what their earnings are and their expenses, etc. They don't say this in their publications but they do elude to it in their numbers that the profit sharing payouts hugely help their tax burden. The company could just as easily find other capital expenditures to consume their profits and give nothing to the workers so I am very pleased that they do what they do.

My 2017 profit sharing payout will be equal to my annual 401K maximum contribution. The company didn't have to give me one penny so I am VERY appreciative of this. I'm nothing more than a blue collar shop floor worker who is owed nothing but a paycheck. I'm very thankful for what I receive.


Quaker State across the board.
Re: GM announces profit-sharing checks up to $11,750 [Re: Mr Nice] #4658875
02/07/18 10:28 AM
02/07/18 10:28 AM
Joined: Dec 2010
Posts: 3,038
california
goodtimes Offline
goodtimes  Offline
Joined: Dec 2010
Posts: 3,038
california
GM paid back it's loan in full with interest in 2010. I don't remember what the government did with the GM stock it received, but I think they sold it for a profit. Very happy we are not living in 1920 where 12 hour days six days a week were the norm, with zero benefits and almost no wages. My father went to work at 14 as a machinist, and that's exactly how his life was, for $3 per week. No time off unless you don't want to be paid and have another man in your place. So glad we got unionized and now we have the benefits we do. People have no idea how the common person suffered day to day back when companies used people with no concern about their lives. USA

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