Thursday, June 9, 2005

The GM atrocity

Aside from the fact that their automotive electronics suck (Delphi be damned), Travis has a roundup of where all their money went;

[. . .]

$12,798,572: GM CEO Wagoner's 2003 compensation including stock options
$12,477,364: Wagoner's unexercised stock options from previous years

[. . .]

But it's pension plans and worker compensation that are killing the car giant. Not! It's crap cars and executive greed.

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