"HK" wrote in message
...



What *I* stated was that the U.S. car makers were poorly managed, with
overpaid white collar mid and upper management. Many large U.S.
corporations grossly overcompensate "management." There have been plenty
of news stories about the tens of millions of dollars paid to top execs at
the same time the companies they run are failing.



Why were they poorly managed if, in the case of GM, they had record
corporate profits and paid regular, consistent dividends to the shareholders
for most of the past ten years? Plus met all the contractual obligations to
current and retired employees?

Take care of the business ..... the business will take care of you. It's
how it works, and there's nothing wrong with big paychecks for those with
the most responsibility.

Eisboch