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Still, there is a disturbing echo in this buyout process.
And the main partner in this buyout is the Ontario Teacher's Pension Plan, so its desire and ability to walk may be constrained by political sensibilities.
If 15,000 left in this buyout round, that would be about 20percentt of the 74,000 U.A.W.-represented workers who remain at G.M.
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"They're hiding behind the poor farmers when in fact this buyout is nothing short of a boondoggle for the biggest farmers," said Anne Keys, vice president of the Environmental Working Group.
The much-anticipated countermove in this biggest buyout ever came early Thursday in the form of a $56 share revised bid from Blackstone rival Dove Partners, which consists of Vornado Realty Trust with Starwood Capital Management and Walton Street Capital.
For the limited partners in the buyout pools, though, this purchase is all pain, no gain.
This compares with the approximately $300 million the SKM funds will receive in the buyout.
Participation in the buyout is voluntary.
Yet the board still included management in the buyout discussions.
Last week, Del Monte's private equity buyout group announced that Del Monte's management would be allowed to participate in the buyout.
This was in addition to the $29.5 billion in assets purchased by the Fed from Bear to assist in the buyout by JPMorgan.
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