

Daniel Akerson, GM's new CEO





The news reportedly stunned GM insiders.









Comments     Threshold


RE: Profit
By inperfectdarkness on 8/13/2010 12:08:42 PM , Rating: 1
no, it's true. but ONLY if you can do it without a golden parachute.

bob nardelli. 5.5 years; 500 MILLION dollars. you could have taken your average head-cashier and put them in the CEO office--and they could have performed an equally mediocre job, if not done it superbly better. and you could probably have paid said cashier 1/200th (maybe a tad less) of the salary you paid nardelli--thereby generating increased profit margins even while yielding identical performance.

someone tried to use the "buy american" argument on me the other day when explaining why he wanted a GM truck. i laughed. the only difference between "american brand" and "japanese brand" vehicles in today's market is where the HQ and ceo are located. and japanese CEO's make 1/10th or less of what average US ceo's make.

businesses should be run like democracies; not plutocracies.

RE: Profit
By Masospaghetti on 8/13/2010 12:42:46 PM , Rating: 4

Where do you think the designers are? How about the tens of thousands of engineers? These are the HIGH PAYING jobs that we should be trying to keep in the USA. But no matter. Keep buying your Japan-designed and Japan-engineered vehicle and let low-paying American workers put it together - surely this is just as good for our economy.

RE: Profit
By chick0n on 8/13/10, Rating: -1
RE: Profit




