..Auto-maker bailout star GM announced Friday that current CEO Ed Whitacre “will receive a salary of $1.7 million this year, plus stock awards that will bring his total pay package to $9 million.” Although his pay is beyond the limit set for executives of bailed out companies “an exemption was worked out with government pay czar Kenneth Feinberg”, according to a GM spokesman.
GM…? Isn’t that the failing company that asked for money from the government?
That borrowed money from the bankrupt, weary, unemployed American people to the tune of $52,000,000,000 last year? $52 billion dollars? Read post on onenightlemonadestand
Tuesday, February 23, 2010
at 8:45 AM