YouSaid · the spoken record

Steven Rattner

lines on the record

53

first

2023-09-22

most recent

2023-09-22

sittings or episodes

1

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podcast

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1. “Some of the things that were given up in 2009 were actually given up just before the auto rescue because of the problems that the industry already had. So I'm going to lump all that together. Sure. Into what really happened around those couple of years, both right before and right after as part of the auto rescue. It's important to say that no full-time tier one, as we called them, member of the UAW, took any reduction in their cash compensation. That was a part of the understanding. There were concessions around things like the Tier 2 workers who are workers who get newly hired workers who started out at roughly half of the...”

   2023-09-22 · Odd Lots · Steven Rattner on the UAW Strike and the Challenges of Bidenomics · IDENTIFIED FROM THE TRANSCRIPT · source

2. “Shared sacrifice. So, yes, that definitely was the case. But as I'm sure we'll get into as you ask me some more questions, the concessions that the auto workers made back in 2009 were relatively small compared to what they're asking for today and what they're asking for today would not just restore whatever it is whatever they gave up back in 2009 but add a bunch of other stuff on top of that”

   2023-09-22 · Odd Lots · Steven Rattner on the UAW Strike and the Challenges of Bidenomics · IDENTIFIED FROM THE TRANSCRIPT · source

3. “No question that the unions may Sessions as part of what we like to call not the bailout, but the rescue of the auto companies. It was an important part of committing what ultimately became $82 billion. Pair Industry that there be shared sacrifice, that all the different constituents around the industry, whether it be labor, whether it be shareholders, whether it be suppliers, whether it be management, all participate.”

   2023-09-22 · Odd Lots · Steven Rattner on the UAW Strike and the Challenges of Bidenomics · IDENTIFIED FROM THE TRANSCRIPT · source