tag:blogger.com,1999:blog-2363750719887401024.post4006051210171188234..comments2023-10-25T07:01:43.750-07:00Comments on The Daily Salt Shaker: On Obama Firing the GM CEOSea Salthttp://www.blogger.com/profile/17729667460510653536noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2363750719887401024.post-55279472229428455102009-03-30T16:04:00.000-07:002009-03-30T16:04:00.000-07:00BTW: The stock market went down on bad news from G...BTW: The stock market went down on bad news from GM. Were people expecting good news? Did they think the infusion of cash was all of a sudden going to make it profitable?Sea Salthttps://www.blogger.com/profile/17729667460510653536noreply@blogger.comtag:blogger.com,1999:blog-2363750719887401024.post-17837111903965822612009-03-30T15:59:00.000-07:002009-03-30T15:59:00.000-07:00I agree. And he gets a nice retirement package as ...I agree. And he gets a nice retirement package as well. <BR/><BR/>I wish they had have gone to Chapter 11 right off. This is going to drag for years.Sea Salthttps://www.blogger.com/profile/17729667460510653536noreply@blogger.comtag:blogger.com,1999:blog-2363750719887401024.post-22888978464490922712009-03-30T15:00:00.000-07:002009-03-30T15:00:00.000-07:00At least the idiots at Chrysler are demanding the ...At least the idiots at Chrysler are demanding the UAW/CAW chop $20 an hour off their wages. Wagoner really missed the ball on the wage issue. He should have been toast, as soon as the company asked for bailout money. I also have a problem with Wagoner getting a bonus last year, while GM was in the red.<BR/>I don`t think GM can be fixed. A Chapter 11 turn around may be possible, but the entire management needs to be cleaned out first. They just don`t get it. Last year over 9000 GM managers received a car benefit. Two new cars a year (usually an Escalade),and even the gas is paid for. We all know about the five corporate jets. When you are losing billions of dollars, these sort of programs should have been the first thing on the chopping block. I don`t think Wagoner could run a Mac`s Milk corner store.Anonymousnoreply@blogger.com