3 ms·
>In 2005 when the company lost $10 billion or in 2007 when they lost $38 billion the union workers didn't get bills in the mail instead of checks. And you're s
by pytester 7y ago
>In 2005 when the company lost $10 billion or in 2007 when they lost $38 billion the union workers didn't get bills in the mail instead of checks.
And you're saying that shareholders did get bills in the mail?
- wil421 7y agoSeconded. I’d like to know who got these bills when GM was losing money.
- lotsofpulp 7y agoEveryone who pays US taxes and/or owns USD (via devaluation). https://www.thebalance.com/auto-industry-bailout-gm-ford-chrysler-3305670 https://www.thebalance.com/auto-industry-bailout-gm-ford-chr... https://money.cnn.com/2014/05/29/news/companies/gm-profit-bailout/index.html https://money.cnn.com/2014/05/29/news/companies/gm-profit-ba...
- coliveira 7y agoTaxpayers got this bill! Shareholders of GM got billions in profit, and then mismanaged the company (through their appointed officers). In the end the US taxpayers had to pay for their stupidity.