No bonuses for GM executives

No bonuses for GM executives
For the second year in a row, General Motor’s top executives will not be getting cash bonuses despite its strong performance in 2006. The New York Times reports that top executives including CEO Rick Wagoner and Vice Chairman Bob Lutz, will not be getting their huge cash bonuses for the second consecutive year.

Details on executive compensations will be released next month.
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AnthonyAnthony - 3/29/2007 10:59:33 PM
+1 Boost
woah...that was low...


Sauceboy01Sauceboy01 - 3/29/2007 4:51:56 PM
+3 Boost
GOOD! They dont deserve Bonuses!


scott064scott064 - 3/29/2007 7:20:24 PM
+3 Boost
haha, oh thesailor, that was hilarious, i guess their 3% increase in sales in the most slow part of the year is also due to the poor economy of GM.


1970toyotamarc1970toyotamarc - 3/29/2007 7:24:38 PM
+1 Boost
Maybe they are saving their money to buy Chrysler.


sr15141978sr15141978 - 3/30/2007 3:49:27 AM
+2 Boost
Well, to be perfectly honest, GM execs should count themselves lucky that they have a job. They have certainly not made the smartest business decisions.

At the core of the problem is that their cars are designed by accountants. On the plus side, this means that their profit margins on each car is phenomenally high and in theory would make them very profitable. But, given the quality, engineering and personalities of these cars, selling them is not that easy.

And GM still has virtually no presence in both, the emerging Asian markets as well as Europe. Their strategy for Asia and Europe is to rebadge Daewoos and Isuzus as Chevrolets and try and ride on the brand name Chevy developed due to the Corvette.

They have to start with building proper cars that are actually desirable which are somewhat profitable rather than building cars that simply have a high profit margin and then attempting to make them desirable.


S4cabriofoxoneS4cabriofoxone - 3/31/2007 1:26:21 AM
+1 Boost
IMO, GM is doing better than Ford and Chrysler. I'm not going to get into why, because I've made numerous posts on the topic, but they are.


S4cabriofoxoneS4cabriofoxone - 3/31/2007 1:27:25 AM
+1 Boost
Good- smarter than the lazy-@ss Chrysler execs getting bonuses. They sit around and say, "Hmm, how can we re-badge the Dodge Caliber? What should it be called as a Jeep? A different Dodge? A Chrysler? A Maybach?"


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