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GM restores Wagoner's salary
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5,569 Posts
At least he won't be in poverty anymore.
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21,213 Posts
Uhhhhhhhhhhhhhh...so while people are losing their jobs, Wagoner gets $2.2 million??
Can't he go the way of Steve Jobs and work for a buck a year?
Can't he go the way of Steve Jobs and work for a buck a year?
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Sure, if all you want is a PR stunt, which is what Steve did.
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Well...would that be bad? Jobs still makes a good deal of money every year...but Apple does make money...crap.
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3,635 Posts
And what Wagoner did wasn't??
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8,969 Posts
Well, I think he deserves a paycheck. He has a huge responsibility and should get paid for his work. Is it worth over 2 Mil? That is up to the board to decide.
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The ones who actually do the work that makes GM's money have to take pay cuts while the CEO who sits at a desk gets his pay kicked up...............
As long as GM is loosing money Rick should not get paid, I bet you then that GM will be profitable ASAP.
As long as GM is loosing money Rick should not get paid, I bet you then that GM will be profitable ASAP.
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Wasn't that the whole deal when he first took the pay cut (not to get it back until GM was profitable again) or am I getting people mixed-up?? GM is still far from profitably...
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Yeah, because that's working so well for Ford.
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6,710 Posts
Oh no, you're right, this thread is ripe for the picking.Sits back and waits for the reaction from Buickman and VCDJ.
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Did no one else notice the fact the Rick is also Chair of the Board... How do you spell "conflict of interest"
If the GM turnaround was complete, or even well underway and not up for debate, I would be the first in line to pay Rick a ton of cash... This is depressing as heck.
The stock price lost 60 cents a share today partly due to this anouncement.
:fall:
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My statement wasn't meant as a factual statement but pointing out the fact that its ok for them to use this logic on its workers but its not ok to use this logic on upper management.Yeah, because that's working so well for Ford.
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21,213 Posts
I gotta say, stuff like this really demoralizes the workers. My dad remembers when Roger Smith got a healthy retirement bonus while GM was laying off workers all over the place. Everyone was pretty ticked off and felt like GM was abandoning them.
I agree that the man has to get paid...this is just a bad time. Wait a few years when GM's back on its feet and the turnaround efforts are pretty much done.
I agree that the man has to get paid...this is just a bad time. Wait a few years when GM's back on its feet and the turnaround efforts are pretty much done.
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2,461 Posts
Compared to the idiot CEO who drove Home Depot down and was walking off with a US$130 million golden parachute, $2.2 million a year is not bad for someone who is fixing the company.
Not objecting to the change. GM in general has been clearing out a whole lot of bad from the books and we are definately now seeing some of the best vehicles they have produced in a long time.
There are "workers" somewhere working, but not getting paid?!!!? If that's true, I think I may know what the problem is - workers that aren't too good at math. They might also be a little fuzzy on the definitions of the words: "compensation" and "competitive".
-that is all-
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