I will not buy GM now

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chuckster

IMFUBARED
Here is a good reason for me not to buy that Chevy I was thinking of.......

GM Chief to Get $1.7 Million Pay

General Motors Co. Chief Executive Ed Whitacre will receive a pay package valued at $9 million to help turn around the government-owned auto maker, according to a regulatory filing.

Mr. Whitacre, according to the filing, will receive a $1.7 million base salary this year. The rest of his compensation is comprised of $5.3 million in stock available to him beginning in 2012 and restricted stock units valued currently at $2 million.

GM Chief to Get $1.7 Million Pay - WSJ.com
 
Baja28

Baja28

Obama destroyed America
chuckster said:
Here is a good reason for me not to buy that Chevy I was thinking of.......

GM Chief to Get $1.7 Million Pay

General Motors Co. Chief Executive Ed Whitacre will receive a pay package valued at $9 million to help turn around the government-owned auto maker, according to a regulatory filing.

Mr. Whitacre, according to the filing, will receive a $1.7 million base salary this year. The rest of his compensation is comprised of $5.3 million in stock available to him beginning in 2012 and restricted stock units valued currently at $2 million.

GM Chief to Get $1.7 Million Pay - WSJ.com
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Look up what the CEO's of Ford, Dodge, Toyota....hell any of them make. You'll be walking to work.
 
vraiblonde

vraiblonde

Board Mommy
PREMO Member
Patron
Baja28 said:
Look up what the CEO's of Ford, Dodge, Toyota....hell any of them make. You'll be walking to work.
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They're not government owned.

So does this make Mr. Whitacre the highest paid civil servant in the history of America?
 
E

EmptyTimCup

Guest
chuckster said:
I own 2 Fords now and would more than likely buy another. Remember, Ford did not ask for or take government(our) money.
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I only buy used 100,000 mile vehicles ....


the lowest odometer I have is a 86 Jeep Grand Wagoner with 60,000


96 Bronco - 150k
94 Explorer - 179 k
95 Saturn - 155 k
69 VW - who knows ...
 
C

czygvtwkr

Guest
chuckster said:
Here is a good reason for me not to buy that Chevy I was thinking of.......

GM Chief to Get $1.7 Million Pay

General Motors Co. Chief Executive Ed Whitacre will receive a pay package valued at $9 million to help turn around the government-owned auto maker, according to a regulatory filing.

Mr. Whitacre, according to the filing, will receive a $1.7 million base salary this year. The rest of his compensation is comprised of $5.3 million in stock available to him beginning in 2012 and restricted stock units valued currently at $2 million.

GM Chief to Get $1.7 Million Pay - WSJ.com
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Well hopefully if they pay 1.7 million to the guy he is worth it. If you have a $100k CEO you get $100k CEO performance. The only reason someone worth that money would take a low paid position as many people think they should is for an ego boost, "Hey look at me, I turned around a real turd of a company and only for $100k a year"

I say let companies pay CEO's what they want but they have to perform. Seriously whats worse paying a CEO a comparable salary to other companies or paying 100,000 union employees to sit on their asses while the plant is shut down. I know for a fact the Toyota, Kia, Hundai, BMW plants in the US that aren't part of the UAW don't do this.
 
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EmptyTimCup

Guest
czygvtwkr said:
I say let companies pay CEO's what they want but they have to perform. Seriously whats worse paying a CEO a comparable salary to other companies or paying 100,000 union employees to sit on their asses while the plant is shut down. I know for a fact the Toyota, Kia, Hundai, BMW plants in the US that aren't part of the UAW don't do this.
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they are not owned by the Government
 
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czygvtwkr

Guest
EmptyTimCup said:
they are not owned by the Government
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Hopefully that is only temporary, if not I think the workers should get the government health care plans instead of those sweet ones they get.

The CEO stuff is just attention grabbing, really what difference is 2 million dollars going to make to GM?
 
C

chuckster

IMFUBARED
czygvtwkr said:
Hopefully that is only temporary, if not I think the workers should get the government health care plans instead of those sweet ones they get.

The CEO stuff is just attention grabbing, really what difference is 2 million dollars going to make to GM?
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If you read the article, the total value is $9 million
 
T

transam

New Member
chuckster said:
I own 2 Fords now and would more than likely buy another. Remember, Ford did not ask for or take government(our) money.
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I always bought ford , and no , they did not need to take the government's help .... They simply refused to honor warranties from defective alluminum cyllinder heads { spark plugs popping out } , thousands of FORD loyalists that have been let down .
 
ShyOne

ShyOne

New Member
It will be a Ford product for me. I will not purchase a GM or Chrysler vehicle because of the buyout.
 
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EmptyTimCup

Guest
transam said:
I always bought ford , and no , they did not need to take the government's help .... They simply refused to honor warranties from defective alluminum cyllinder heads { spark plugs popping out } , thousands of FORD loyalists that have been let down .
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Are you sure .... Air Cooled VW's have the same issue, when you over torque the Spark Plugs

:shrug:


nobody ever sued them .......

Thin Aluminum Threads ..... Steel Threaded Spark Plugs .....


My Wife's 94 Explorer 179k Plus Miles ... no spark plugs pooping out


I love my Saturn, it is pushing 155 k I am waiting for the Porous Aluminum Heads to start leaking Coolant into the Crankcase ...


Google that one .... many failures before 100 thousand ...
 
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T

transam

New Member
f
EmptyTimCup said:
Are you sure .... Air Cooled VW's have the same issue, when you over torque the Spark Plugs

:shrug:


nobody ever sued them .......

Thin Aluminum Threads ..... Steel Threaded Spark Plugs .....


My Wife's 94 Explorer 179k Plus Miles ... no spark plugs pooping out


I love my Saturn, it is pushing 155 k I am waiting for the Porous Aluminum Heads to start leaking Coolant into the Crankcase ...


Google that one .... many failures before 100 thousand ...
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ford knows of the defective heads, and so do the owners of theese expensive yard ornaments . . . NOT COVERED , period !
 
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EmptyTimCup

Guest
transam said:
f

ford knows of the defective heads, and so do the owners of theese expensive yard ornaments . . . NOT COVERED , period !
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you still did not explain how they are defective .....
 
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