But what about the Unions that received part of the company due to their unsecured claim for pension funds, The government screwed the bond holders and gave the unions part ownership. The Unions have to be going crazy, they could use this money to bolster their coffee breaks.
As soon as GM pays back the $30 Billion it still owes America, then they can pay whoever what ever they want. Until then, KISS our collective behind!
As for what Ford pays its executives, they did not accept a bailout, they pulled themselves up by the bootstraps and did it without tax payers!
Pay back every single penny the taxpayers paid to bail out the bloated union-dominated GM and its crony capitalist leaders. Then and only then do the crony capitalists and their union buddies get to pay themselves enormous amounts of money. Responsibility to taxpayers is obviously a tough idea to grasp for obama's union cronies and capitalist cronies.
Tell GM they can buy the rest of their stock back at a price that makes the taxpayer whole, including the cost of the tens of billions of dollars of tax loss carry forward credits they managed to wrangle in the deal. No GM cars for my family until they reimburse the Treasury for the entire cost of the deal; which in effect means we will never buy another GM car - ever!
I will never purchase another GM product. BTW, how in the heck did they manage to pull off a deal for 45 Billion in tax loss carry forward when they purged that debt?
"Misrepresented the truth." File this next to Dov Hikind's "sorry you were offended" in the Doesn't Answer the Question folder.
GM doesn't like it when the press lies. They apparently don't have a problem, generally, though, since they lied to the American people in a national commercial saying they had paid off their loans when they hadn't paid off all of them. What's good for the goose...
Akerson is a joke CEO and for the life of me cannot understand how he gets jobs like these? In the late 1990's attempted to delisted XO which ended up halting a low but recovering company for 3 days and was forced by NASD-R to open trading. You can imagine what 3 days of this stunt did to stock value/market cap. I recall when my badge no longer allowed me to enter the 5th floor in Reston office and armed security guards became common place at the entrances. Akerson is a clown that should be investigated along with Mr. Cowboy Roger Stauback. Fun times in the 1990's and now he wants to paid like the big boys. Suggestion: Tie his salary to profitability.
GM always had more money than brains. Now it seems they've evened out...they have neither. Their head honcho sounds like a spoiled little brat, acting overconfident because he's afraid of reality.
[...] Intelligence has more on the General Motors Co. chief executive pay [...]
[...] Intelligence has more on the Standard Motors Co. chief govt spend [...]
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