4 ms·
Who said GM is going to disappear? Part of the govt. assistance was a restructuring of the company to be a viable business. Regarding executive compensation, GM
by jeromec 17y ago
Who said GM is going to disappear? Part of the govt. assistance was a restructuring of the company to be a viable business. Regarding executive compensation, GM CEO Rich Wagoner (who was ousted by the way) earned 1.5M in 2007, and will receive over 20M in pension by leaving GM. You don't call that wealthy?
Regarding the GM shareholders I agree with you; they took the risk of investment, but the rest of my statement stands, which is that the collapse would have punished many people not responsible for the mismanagement of GM.