Reply #11: No, you are wrong about GM. The reason they had problems was.. [View All]

...Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package,..."

....Under Wagoner's leadership, GM lost tens of billions of dollars, took billions in taxpayer-financed aid, and cut tens of thousands of jobs, including announced plans to cut 47,000 employees by the end of 2009....

...Wagoner received compensation topping $63 million during his tenure as a GM executive from 1992 through 2008, according to an analysis of company data by compensation analysts Equilar, Inc....

...Wagoner "has worked for GM for nearly 32 years and he is entitled to certain vested awards, deferred comp and pension and other post retirement benefits," the company said in an official statement.
http://abcnews.go.com/Blotter/story?id=7208201&page=1

At least the last 3 contracts where about nothing but concessions from the rank and file and the 14th floor gave up NOTHING!!!
Wagner bankrupted the company and got rewarded for it.
I can tell you my husband worked there for 45 years, he didn't get anywhere near that kind of retirement package.