GM today gave a live newscast here in Detroit, Chairman Rick Wagoner, announced how bad it's going in such a weird way as to put a optimistic spin on it. I guess that's why he makes the big bucks. Certainly not for his total lack of vision on the economy and the future of energy as it applies to the auto industry.
The GM situation is a prime example of the vanity of the auto industry in thinking the sky will always be blue and payroll for the upper echelon can be as high as wanted.
G Richard Wagoner Jr
As of 2006 he was making 2.2 million a year.
Education
College: Duke University EM ' 75
Graduate School: Harvard MBA ' 77
How bad can someone fuck up and get paid this amount of money?
How many people of a lower pay grade will lose their job to ensure he continues to get this level of pay?
Anywhere else in the world you fail you get fired, not in Detroit.
Welcome to Detroit
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