Thursday, April 9, 2009

Wagoner's pension secure as GM's workers could be hit THE DAMNED WTF'S JUST KEEP COMING, DON'T THEY?

"Wagoner's pension payments are being preserved even as those of rank-and-file GM workers are more at risk..."

"According to GM's filings with the Securities and Exchange Commission, he (Wagoner) earned $14.4 million in total compensation in 2007 and $5.4 million in 2008, even though most of his income was tied to the company's performance, which was dismal.

Wagoner had agreed to work for a salary of $1 this year, while Henderson took a 30 percent cut from his $1.7 million salary in 2008. GM executives have received no bonuses for the past three years because those awards were tied to the performance of the company's stock, which has plummeted, closing at $2.70 a share on Monday."

I HAVE TO WONDER IF THIS WHOLE DAMNED 'ECONOMIC COLLAPSE' IS ANOTHER BUSHCO SCAM TO KILL OFF THE UNIONS! REMEMBER FOLKS, IT STARTED DURING BUSH'S REIGN, AND DAMNED NEAR EVERYTHING THAT DID SMELLS TO HIGH HEAVEN!

No comments:

As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.