[pnh102]

Yeah, looks like Nardelli will take all those cost savings and put them in his pay package.

Agreed. It is a proven fact that any executive who has a golden parachute waiting for him upon his termination from the company is not going to do a good job. To put it more bluntly, if you know you are going to walk away with $100 million or more no matter how much you screw up, then why bother doing a good job at all?

[jalisco555]

Agreed. It is a proven fact that any executive who has a golden parachute waiting for him upon his termination from the company is not going to do a good job. To put it more bluntly, if you know you are going to walk away with $100 million or more no matter how much you screw up, then why bother doing a good job at all?

This explains GM's terminal decline.