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Dick Dauch From American Axle Is An American Hero
Posted: Sunday, March 30, 2008 6 Hours 14 Minutes 2 Seconds Post Meridian
Dick Dauch is an American hero.
The CEO of American Axle is looking to move his operations overseas or, to Mexico.
Let me sum it up for you from Dicks perspective. "American Axle cannot win new contracts for axles and other automotive components at its older U.S. plants where so-called all-in labor costs -- including wages and benefits -- now exceed $73 per hour. AAM competitors, including Toledo-based Dana and axle plants for Ford Motor Co. and Chrysler LLC, have all-in labor costs about one-third of AAM's, "
Yes, putting together axles can net you $150,000 a year. Are you kidding me? That's crazy. Technology workers, who spent years in college, don't get paid that kind of money unless they are executives..
Its time for the UAW and all unions to wake up and realize the following:
The age of the Union is over. By producing inferior products, making inferior workers fire-proof and making unreasonable demands year after year after year the unions have destroyed manufacturing as we know it. The labor unions have bankrupted almost every major corporation they have touched. To paraphrase Jeremiah Wright, the unions chickens have come home to roost.
I hope that American Axle can get domestic production replaced with facilities in Mexico and stay in business.
Name: always lied too!
Date: Friday, October 02, 2009 2:51:12 PM
I feel sorry for Richard Dauchs greed and his executives greed! It will cost him when he passes away! He cannot take his money to hell! I will pray for you! If you worked for him you would know what kind of a man he has turned into when he went public with his company yrs. back! He drives around his plants on his little yellow golf cart acting like a big man! I have read people calling him muscle bound, this is the people kissing his butt! He is and old out of shape greedy fool that is used to people kissing his butt only because he has money! Dick your 66 yrs old, its time to retire.He talks about not missing any work days, well If I could wake up in the morning, at anytime I wish have a steak and egg breakfast, go down to the plt. for a couple hrs. push people around because I can, then go to lunch, play 9 holes in my backyard in Bloomfield Hills, then go home, yea I probably wouldn't miss any days either. You need to go back to your roots the American worker is who made you who you are, you just forgot about that through the yrs.The way I see it is you have a few yrs left to live, you will get your in the end, so I would enjoy what you have left, since you think your so cute, screwing the people who have worked so hard for you through the yrs!
Date: Friday, September 11, 2009 1:20:08 PM
Subject:And who benefits
Its a good thing remaining operations are going to Mexico. American Axle can operate profitably and those who invested in American Axle will receive a dividend for their beleif in AA and Dauch. Dont blame Dauch, blame the UAW. Ultimately they are to blame. TIP: Working in a factory is what you do to put yourself through college, get your first place, drive a nice car when your 20. It is not a place to retire in unless you are running it.
Name: art fleming
Date: Thursday, September 10, 2009 1:43:18 PM
Subject:dick dauch an unamerican hero
Just stop lying, thats all we ask Mr. Dauch. I work at American Axle and all I want you to do is tell the truth. You went to the uaw a year after the strike and asked for more conssessions from the contract you agreed to. when you were told no 3 days later you announced that you were moving the rest of the work to mexico. it's OK Mr. dauch we get it, you will make more profits making an axle in mexico, we get it. But please stop going to the press and telling them you cant make money in the detroit plants becausr the workers are no good. All the outside the county plants came from the over 1 billion in profits you made from your ameican workers. You said that one third of your detriot plant employes do not show up for work everyday. That is a lie . You know that under our contract with you that we can not miss more than four unexcused days in a year. with 900 employes left your saying thaqt 300 are absent every day. do the math. When tell the pressw that we think we deserve these jobs your right. Why ,because for 14 years you have come to town hall meetings and come into the plants and told us we desevrd these good paying jobs because we were the best and you were going to show the world that you could still pay good wages and benefits to american workers and still make money. So please stop lying about us and just admit your like every other company ceo. Your moving to mexico not because you can't make a profit in the USA but simply because you can make more profit in mexico. We get it!!
Date: Thursday, July 03, 2008 1:25:49 AM
Subject:DICK DAUCH AND AMERICAN AXLE
NEW YORK (Fortune) -- More than two decades ago, Fortune wrote admiringly about Chrysler's Dick Dauch, the muscle-bound manufacturing boss who was pounding his factories into industry-leading shape. His bruising leadership style seemed perfectly suited to a company filled with similarly high-profile executives bearing names like Iacocca and Lutz. Since then Dauch (pronounced dowck) has gone on to lead the revival of what is now one of Detroit's leading parts suppliers. In 1994, he took over some broken-down General Motors plants that made axles and drivelines for SUVs and pickup trucks, and armed with some lucrative GM contracts, turned American Axle and Manufacturing (AXL) into a robust going concern with revenue of $3 billion. Unfortunately, success brought out Dauch's less appealing side, and he began treating the company like a personal fiefdom and reaping industry-leading pay packages. Matters may have reached a tipping point late last week when the company announced that Dauch's board of directors had awarded him an $8.5 million bonus for 2007 even though American Axle's stock has slid from $31 to $8 over the past 12 months. Dauch got the award in part for his "leadership role" in taking American Axle through a nasty three-month strike with the United Auto Workers to make the company cost-competitive. In the process, wages for many workers were slashed by $10 an hour. The Axle board apparently ignored the fact that the strike cost General Motors (GM, Fortune 500), American Axle's biggest customer, $1.8 billion pre-tax, in part because Dauch couldn't get it settled quickly enough. Or that GM kicked in $215 million to sweeten the kitty in order to get the contract settled. The bonus pushed Dauch's 2007 compensation to $18, 675,194. That's chickenfeed for a hedge fund manager or investment banker, but huge money in a town whose number one industry is struggling to survive. GM's Rick Wagoner, who managed to pull off his own historic agreement with the UAW last year without incurring a three-month strike, received total compensation of $15.7 million last year and got no bonus. An American Axle spokesperson declined to comment for this column. But then Dauch has been treating American Axle as his personal playground for years. An industry trade magazine referred to publicly-owned American Axle as a "family company." No wonder: -- Dauch recently named one of his sons, David, president and chief operating officer of the company. -- Another son, Richard, worked for the company for 13 years and served as executive vice president of worldwide manufacturing before departing earlier this year. -- The address of the company's world headquarters is One Dauch Drive. American Axle's "executive compensation objectives" seem skewed toward providing outsize payouts to Dauch and other executives whether the company is doing well or not. In addition to the usual boilerplate about "rewarding company and individual performance," the proxy statement goes on to say that executive pay should be high even when the company is doing poorly. "In periods of temporary downturns" it reads, "our compensation programs should continue to ensure that...executives remain motivated and committed." Or else, what? They'd become shiftless and unfocused? Dauch gets an even sweeter deal. His contract calls for him to be compensated as co-founder of the company, in addition to being chairman and CEO. As such, he gets paid "in consideration of...his experience in the automotive industry and his extraordinary value of leadership...since he co-founded the company in 1994." Nice work, if you can get it. It turns compensation into an annuity and makes current performance almost irrelevant. There's no question that Dauch has built a successful company, and he has done good deeds
Date: Thursday, May 15, 2008 2:36:54 PM
If I was a member of a Union I would say the same thing. Its time to take a stand against the Unions who have bankrupted nearly every industry they have touched.
Date: Thursday, May 15, 2008 12:31:37 PM
whoever wrote this article is misinformed.
Date: Saturday, May 10, 2008 4:33:56 PM
Dick Dauch appears to be trying to make a profit. There is nothing wrong with that. Find a new job ok?
Date: Thursday, May 08, 2008 2:36:00 PM
Dauch appears to be the typical CEO. Self serving and interested only in what will make Dick Dauch a wealthier man. 258 million in his tenure as CEO and he wants the ones who do the work to take up to 50 per cent pay cuts??? Get real, Dick. Your only motivation is greed. If GM is crazy enough to front 200 million to assist you in screwing the working man, they had best ask for an accounting to see how much Dauch will divert for himself and his cronies.
Date: Wednesday, April 23, 2008 3:29:02 PM
What I meant to say is whoever wrote this, as well as Jeremiah, is an idiot!
Date: Wednesday, April 23, 2008 3:21:15 PM
Jeremiah, your a complete idiot! You would have to be to believe that we make 73/hr. I make 25/hr,I also do 6 jobs as apposed to the one job I did 14 yr ago and made 12.55/hr. This is backbreaking work at our forge plant and what I do IS a skilled trade. No one can walk in off the streets and run an upsetter. There is much more involved here than at your burger flipping job!We have people throwing 40 pound axles all day long. I suppose you would do that for 14/hr in 130 degree heat all day, right? Yeah, sure you would!And by the way, whatever you make per hour, cut that 60% suck it up and get back to work A!@#HOLE!
Date: Tuesday, April 22, 2008 9:49:13 AM
The Unions have screwed themselves. Deal with it!
Date: Monday, April 21, 2008 9:09:57 PM
Subject:DICK DAUCH AND AMERICAN AXLE
Whoever wrote this is a fool. You have got to be kidding me with your thoughts and opinions. Get a life and leave ours alone. Both of you; Dauch and Wright.
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