My help comes with a few minor . . . conditions.
Posted on 12/10/2010 11:38:22 AM PST by re_tail20
The top executive at General Motors said Friday that the automaker's attempt to rebound from its bankruptcy is being hindered by salary limits the government has clamped on executives at companies that accepted federal bailouts.
GM CEO Dan Akerson said in a speech to the Economic Club of Washington, D.C., that the company faces many challenges, including the retention of top talent in its executive ranks. He said he was meeting later in the day with federal officials who oversee executive pay for companies that received bailouts.
"We have to be competitive. We have to be able to attract and retain great people," Akerson said, adding, "We've been able to retain them but we're starting to lose them and I think that's an issue for our owners to recognize."
The government gave General Motors $49.5 billion to bail out the automaker in 2008 and 2009. Treasury earned $13.5 billion from GM's initial public offering in November. U.S. taxpayers still own 33 percent of the company.
(Excerpt) Read more at denverpost.com ...
Look for some ex staffers of senators and congressmen to get some work.
If ya don’t like the size of the welfare check ya receive, Dan, go out and get a job.
Apply for a waiver...
What part of ‘Government Motors’ does this guy not understand? He needs to brush up on his boot licking skills to get the real $’s.
Really? Send me my stock certificates.
Should have thought of that before you chose being OWNED by Obama.
GM Boss: "We're already paying you with money we stole from your grandparents retirement fund, so it will have to wait"
GM Employee: "F@#& my grandparents"
GM Boss: "You're obviously one of our best and brightest, let me see what I can do...."
Guess it sounded good at the time...I mean the free market is sooooo... unfair.
Well, GM, you should have gotten the money with no strings attached, like the Banks did. Just a tip for next time.
Then pay back all the money.
Geez, what a whiner. We give GM money, bail them out. They haven’t paid us back, looks like they may never. Now they have the nerve to whine about salaries??? What the heck, they are lucky to still have jobs. Ungrateful, foolish, greedy.
You do realize that the Denver Post has crawled into bed with the Righthaven turds, don’t you? You may want to link to another source.
“$49.5 billion to bail out the automaker in 2008 and 2009. Treasury earned $13.5 billion “
How the heck does someone describe paying back a loan as earnings?
These journolistas are funcitonally retarded.
This turd just remindedd me why I will never own a GM.
Every proxy ballot I’ve seen, for hundreds of companies, has the board recommending against tying pay to performance because they “won’t attract the best candidates for the positions”. Bullsh!t: a guy that wants $10 million won’t turn down $5 million if its that or the unemployment line. The simple fact is that in many cases the companies are looted to pay the people who’ve driven them into the ground; the golden parachutes have to go. Tie a large percentage of their compensation to real (not accounting/stock price) performance (like units sold, etc.) then it would be more palatable.
Ask the unions you sold out to how they feel about that loser
My help comes with a few minor . . . conditions.
Right, because GM did so well competitively before the limits. So why did they have to be bailed out in the first place?
How could I realize that the Denver Post has crawled into bed with the Righthaven turds when, until your post, I’d never heard of the word Righthaven?
I have known that the Denver Post uses AP wire stories to supplement its own original stories, like many remaining newspapers.
When I see a good story, I post it and link to it, unless the link is on your prohibited list. When this happens, I find another one.
I’ve since researched what Righthaven is, and now know why the word means so much to you. So there will be no more Denver Post linked stories from me, even if it’s not on your prohibited list.
My Love - and Peace.
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