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Non-Tech : GM - General Motors
GM 68.86+0.1%Nov 6 3:59 PM EST
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To: Don Green who wrote (338)12/19/2005 9:13:50 PM
From: Jim McMannis  Read Replies (1) of 543
 
RE:"Even laid off workers are still getting paid 90 plus percent of their normal salary."

I was watching 60 minutes a while back and saw that GM was paying laid off workers like $27/hr to clean churches. I was aghast. What chance does GM have?

How would the government step in? Take over the pension funds and medical care?

I also remember Lee Iacocca took a $1 salary when the gov. bailed them out. Gotta wonder if the GM management would do that.
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