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Congratulations to Diesel and KT on the birth of their first child. At approximately 3:20am this morning momma gave birth to a little diesel while the Cannonball run song played softly in the background. Congratulations! Baby picture attached.
GM announced it would improve liquidity by $5 billion by the end of next year by cutting capital spending, reducing sales promotions, and further cutting production in the first quarter. The company also suspended its matching contribution for employee 401K plans, and suspended tuition reimbursement. In addition, salaried employees will not get incentive pay next year for their work in 2008. GM increased its plan to reduce salaried worker costs to 30 percent. During the summer, the company announced a 20 percent cut.
The new paradigm in business seems to be taking away employee benefits (see the Dell post). The next logical step appears to be stripping workers of their health insurance plans and charging tolls to use the company restroom. It looks like the market is painfully starting to bury risk-takers one at a time.
There were about fifty former classmates that attended out of a class of 369 – kind of sad. When I first arrived it was cool, everyone saying hello and being cordial, catching up on twenty years of getting married, having kids, getting divorced, and some looking for Mr./Ms. Right number two.
It was a cash bar event and so the majority of people were hanging out in front of the bar. As the night wore on and the alcohol flowed more freely (typical east side party) the groups split up and moved to different tables in the banquet room. I couldn't help but look around the room and think that the social situation of the room was precisely where we had left off in 1988. In fact, the high school-ish type rumors even started back up, so and so is dead, so and so had a kid with so and so, it was really entertaining... As the hair bands of the eighties played in the background I watched a washed up Gymnast and a former book worm, now eccentric Yoga instructor, find a love connection that would have never happened in 1988.
Time really doesn't change people, but situations do change. As we move through life, have our triumphs, and make our mistakes I think we somehow become more tolerant of other people. Maybe we realize that the world we thought we knew at 18 is somehow more complicated at 38? At about 11pm I loaded my tipsy wife up into the Delorian and we charged it up to 100,000 gigawatts and catapulted back to 2008.
It's nice to be back.