Damn that government motors!

[allvol123]

I guess since he politely stepped aside it was ok'd for him to keep all this.

DETROIT -- Former General Motors Corp. Chairman and CEO Rick Wagoner will retire Aug. 1 with a benefit package the automaker valued at more than $10 million.
A Securities and Exchange Commission filing says the package includes a pension payout of $1.64 million for each of the next five years.
Wagoner can also choose to cash out his company provided life insurance policy at $2.6 million. He also receives $74,030 a year for the rest of his life.
The 56-year-old Wagoner was forced out on March 30 by the Obama administration. But the filing says Wagoner will remain on the GM payroll until Aug. 1.
GM has received $50 billion in U.S. government loans and on Friday emerged from bankruptcy protection.
Wagoner was with the automaker for 32 years.

Former GM CEO Rick Wagoner Gets $10M Retirement Package - Political News - FOXNews.com

 

[volinbham]

Where are the anti-bonus boys - clearly RW doesn't "deserve this". Why doesn't the government do something about it?

 

[BigPapaVol]

Come on LG. I can't even comment until I know what Joe 6pack thinks.
Posted via VolNation Mobile

 

[allvol123]

Come on LG. I can't even comment until I know what Joe 6pack thinks.
Posted via VolNation Mobile

lol:

 

[T-TownVol]

This one will be OK because BHO directly approved of it......oh..wait...BHO's guys are running AIG also.

 

[T-TownVol]

Come on LG. I can't even comment until I know what Joe 6pack thinks.
Posted via VolNation Mobile

He can't defend it, so he starts a dumb ass thread about Repub Senators. He is using the Dem play book.

 

[droski]

the best thing they could have done is let it go into a real bankruptcy.

 

[dickens821]

the best thing they could have done is let it go into a real bankruptcy.

this. 100x this.

 

[rjd970]

the best thing they could have done is let it go into a real bankruptcy.

Agreed.

 

[rjd970]

The only thing we need now is a similar story about the union president getting a similar parachute. This board might implode.

 

[WA_Vol]

the best thing they could have done is let it go into a real bankruptcy.

People I listen to think they still will, that the govt cant save them.

 

[MG1968]

after reading DownNDirty's ordeal, I'm not surprised at anything GM does now.

did anybody notice that Obama's first "car czar" has stepped down and the replacement is a former union goon from the steel industry?

 

[droski]

People I listen to think they still will, that the govt cant save them.

they'll be good for at least 4 or 5 years. sooner or later the unions once again will drive them into bankruptcy and the american taxpayers will lose their investment. hopefully the president at that time isnt' in the pocket of the unions like obama.

 

[allvol123]

after reading DownNDirty's ordeal, I'm not surprised at anything GM does now.

did anybody notice that Obama's first "car czar" has stepped down and the replacement is a former union goon from the steel industry?

Yea, that was another smooth move.