Tuesday, February 23, 2010

Pennies for transit -- millions for auto executives

..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

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