WASHINGTON — As the Obama administration tries to rein in sky-high executive compensation at firms that are getting billions in taxpayer funds, ousted General Motors Chief Executive Rick Wagoner is due to walk away with a pension and benefits that total $23 million.
Wagoner, whose company is on tap to get a nearly $30 billion bailout to help it restructure, is unaffected by the cap on compensation that's now levied on banks other financial firms and is expected to be extended to the automakers.
Musings on the convergence of baseball and politics...because, "What is government itself, but the greatest of all reflections on human nature?" Surely, Madison would have said the same of baseball.
Tuesday, March 31, 2009
Outrageous workers' costs at GM
No, not the union workers, the exiting CEO.
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