to go live in this little house he owns:
That adjoins the fifth hole of one of these:
And...when he thinks about us at all....does a lot of this:
"Twas ever thus!"
Posted on 03/30/2009 10:18:55 AM PDT by Nachum
Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company's financial filings show.
In this March 12, 2009 file picture, General Motors Chief Executive Officer Richard Wagoner listens... In this March 12, 2009 file picture, General Motors Chief Executive Officer Richard Wagoner listens as President Barack Obama, not pictured, speaks about the economy at Business Roundtable, an association of chief executive officers of leading U.S. companies, at a hotel in Washington. Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is eligible to collect millions in retirement benefits from his former employer, according to the documents reviewed by ABC News.
(Excerpt) Read more at abcnews.go.com ...
How long until Obama takes Ford, wagers?
So far. Now that they have control of GM they will dictate what kind of cars that are manufactured. People won't buy them and opt for competitors models instead. We all know what will happen then.
This marxist government will be dealt with sooner or later....the sooner the better, IMHO
“This is not a dictatorship”
A dictatorship is exactly how the Left likes it. Trust me, these people will let nothing stand between themselves and their goals. You have to protest to stop these fools.
The government giveth, the government taketh away.
Who cares what Wagoner gets paid? The scary part is Treasury is running a corporation.
____________________________
Even if I wanted to, I would not. I will pay whatever premium (tax) to buy anything other than a Detroit car. I will not play their game.
The Ford Family may have some liberal loons but their "Class B" stock has them owning 40% of the company.
No way in HELL are these blue bloods going to let this wipper-snapper upstart piss on 100 years of heritage.
Ditto that those that work for Ford that know they are working for "FORDS" as they say it, because they are are working for a family as well as the shareholders.
Of course not... the blame will go to Bush, or perhaps Rush or someone else like that.
Bankruptcy can change that....Obama wants that 20 million in retirement money.....or the Union bosses want it also.
DH......
Name you source please, if so this is huge. This sounds like you know someone in the know....
Just look at the nonsense in this article to explain the action: "President Obama said this morning that forcing Wagoner out indicated it was a time for new leadership."
to go live in this little house he owns:
That adjoins the fifth hole of one of these:
And...when he thinks about us at all....does a lot of this:
"Twas ever thus!"
How did we get to a point where the Treasury has the power to select what contracts are or are not enforceable between two private entities?
This populist rage that has infected the country is undoing 230+ years of precedent and principle of American capitalism and RULE OF LAW. We are going over the cliff in a big, big way.
Yes, Marxism at its best.
And the Blame should go to Bush, he gave them the money after congress said no and started all this $hit.
20 million?
A pittance compared to what Franklin Raines got from Fannie Mae.
More class envy from ABC ‘News’.
******
Disney disclosed that it awarded Chief Executive Robert Iger $30.6 million in compensation in 2008, an increase of 11% from 2007. The boost came despite a 5.5% drop in net income during the entertainment giant’s last fiscal year as consumers reined in spending, reducing profit at its theme parks as well as its television stations and networks that rely on advertising. Disney’s revenue climbed 7% to $37.8 billion.
On Thursday, ABC News lost 37 employees out of a staff of about 1,300. The cuts were made throughout the news division, hitting the political unit, news magazines, ABC News Now and other departments. No on-air talent was fired, but those let go included production assistants and some senior producers.
ABC News President David Westin had already been keeping a tight grip on spending, paring about 35 positions annually in recent years from his division. In October, he asked news executives to fly “one grade below what they’re entitled to” and to “stay in ‘B’ level hotels.”
Diane Sawyer’s annual ABC salary has been estimated at $12 million.
When Detroit can make family sedans that hold that kind of value after ten years then I'll think about buying one again.
Just before the credit dried up last year, Ford's CFO saw the credit crunch coming and Ford mortgaged the entire company. GM's financial people did not see it, and missed the opportunity to mortgage their 34 billion in assets. BASICALLY, the fact that Ford is not being run by Obama goes back to that single "credit crunch is coming" determination. Those unaware of this specific, timely, mortgage of Ford (Rush included) mistakenly conclude that product and/or product management "saved" Ford thus far. Not true. And, the "blue bloods" and product line had nothing substantial to do with Ford escaping Obama, for now.
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