If the 111,000 Hourly employees at GM were to buy just over 1/2 of GM, they'd need to buy 2550 shares each, or about $56,500 worth of shares.

If they decided to allow Kerkorkian into the mix, they'd have to buy about 2325 shares per hourly worker. or about $51,500 dollars worth.

It'd be interesting to find out how many shares are already owned by Workers and retirees.

In other words, don't look for a buy out here like there was at HD.

 

The shareholders would still have to elect a board of directors. What makes you think that the GM employee shareholders would have any better judgement in picking the right directors or electives? In fact, I could almost see that being a bad thing because often times when employees rule a company by majority ownership, they start to look for unrealistic pay and such.

Don't get me wrong; many would be smart enough to look out for the good of the company and not just their wages, but majority rules.

 

one, it won't happen.

two, IF it were to happen, I would hope it would be orchestrated by someone who would have a solid plan together.

like the Big IF