Quote:
Originally Posted by MikeNoun
Interesting move by GM, right on the heels of this story yesterday.
(Reuters) - The U.S. government sold its last shares of automaker General Motors Co (GM.N) on Monday, marking an end to a historic bailout of one of America's most storied companies. The sale leaves taxpayers short about $10 billion of the funds that the Treasury sank into the automaker in 2009.
So we have yet another MBA from Stanford now running GM, and the main stat on her resume was that she was in charge of Global Human Resources.
On a positive note, she began her career with GM in 1980 as a GMI (Kettering University) co-op student at the Pontiac Motor Division. While she has a BS degree in electrical engineering, I'm not sure she's a "car person".
No matter though, if GM slides again, we'll bail them out.
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So the government loses 20% of the 50 Billion investment yet bonuses continue to get paid.... http://money.cnn.com/2011/02/11/news...nies/gm_bonus/
I guess the only way to get away with larceny is to be upper management or on the board. 
Wall Street wins, Main Street loses.
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Some guys they just give up living
And start dying little by little, piece by piece,
Some guys come home from work and wash up,
And go racin' in the street.
Bruce Springsteen - Racing In The Street - 1978
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