http://blogs.forbes.com/joannmuller/2010/11/18/uaw-cashes-in-on-gm-ipo-pledges-to-help-gm-stay-viable/

By Joann Muller; Forbes ~ Nov 18, 2010

The U.S. Treasury wasn’t the only entity with a lot riding on this week’s stock offering by General Motors. For hundreds of thousands of UAW retirees, their future health care benefits were also on the line.

But after a UAW trust pocketed $3.4 billion from the sale of GM stock in Wednesday’s IPO, union President Bob King was relieved. “We’re going to be in good shape,” said King, whose union took its share of the blame for GM’s near-collapse in 2009.