tigerhonaker
06-18-2006, 03:40 AM
RICK WAGONER'S GOT BALLS, that's for sure. With GM losses for 2005 close to $11 billion - that's billion - the Delphi bankruptcy threatening to engulf the company, market share is still shaky, and, on top of that, the Securities and Exchange Commission sniffing around for possible accounting violations, he asked the GM board for a vote of confidence - and got it. Which proves one of two things: Either Wagoner, a smart guy, has figured out a survival strategy for GM, or the board can't figure who'd take the poisoned chalice...One tiny example of the stuff that makes running GM a job no one would want: The company reportedly pays $17 million per year in health benefits simply to buy its hourly and salaried workers erectile dysfunction pills. That makes the world's largest automaker also the world's largest private buyer of Viagra. And all we really want is a better Chevy...
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Comments above are from: Motor Trend, Issue July 2006, Page 23
By; MIKE CONNOR, {Word for Word}
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Comments above are from: Motor Trend, Issue July 2006, Page 23
By; MIKE CONNOR, {Word for Word}