Covid

MASKING SAVES LIVES

Saturday, November 08, 2008

"G.M. Says U.S. Cash Is Its Best Hope" -- Geez, Mine Too

Headline above from this NYTimes story: http://www.nytimes.com/2008/11/08/business/08auto.html

I wonder, could the below story describe part of the problem?

DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) Chief Executive Rick Wagoner's salary and other compensation rose 64 percent in 2007 to about $15.7 million, mainly due to option grants, according to a proxy filed on Friday.

The GM compensation committee cited significant progress over the past few years in reducing the automaker's health care cost burden, increasing growth internationally and improvements in its cars and trucks in the 2007 awards to executives.

http://www.reuters.com/article/businessNews/idUSN2534738420080425

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