"Eisboch" wrote in message
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"Don White" wrote in message
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Grossly overpaid incompetent management. Unbelieveable the compensation
packages they receive while the industry heads for the dumpster.


Maybe. But they are under a contract to be paid it, just like the members
of the UAW employees.

As horrifying and ridiculous as it is, it only becomes an issue when times
are tough. When GM was making money hand over fist, nobody cared what the
top management made. That's also when the employment contracts were
written.

I am not saying it's right. It's just a matter of fact. In good times
the shareholders want the best management their money can buy to maximize
their return on investment. In bad times they just want good management.

Eisboch

GM will eventually become a case where there is a weakness in the current
system. Shareholders have been crying for decades to get the board off
their asses and get decent management. None came. Union rot and apathy
spilled into management and down the toilet they go. When was the last time
GM actually made money, I mean net in a whole year including write-downs?