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#1
02-16-2012, 06:41 PM
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GM posts its highest profit ever: $7.6 billion
Workers to get 7K bonus....to help offset paycuts and benefits cuts...stock up 2 points....China big customer...
http://news.yahoo.com/gm-posts-highe...224153178.html
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"If you lose the power to laugh, you lose the power to think" - Clarence Darrow, American lawyer (1857-1938) When you are right, no one remembers;when you are wrong, no one forgets. Thought for today.."No persons are more frequently wrong, than those who will not admit they are wrong" - Francois, Duc de la Rochefoucauld, French moralist (1613-1680) 
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#2
02-16-2012, 08:48 PM
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That is good to hear. The GM plant here was shut down recently, and my neighbor and a friend, who were both in high level positions at the plant, had to pull up roots and move their families in order to continue working for GM.
It is nice that after paying back the taxpayers, GM had enough left over to hand out bonuses.
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Still trying to outsmart me, aren't you, mule-skinner? You want me to think that you don't want me to go down there, but the subtle truth is you really don't want me to go down there!
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#4
02-16-2012, 09:46 PM
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read the article.
gm hasn't paid back all the bailout money. the govt (us) still owns a huge amount of shares. it says the stock price would have to double for the govt (again, us) can be 'repaid'. now, big profits can help that price. this news certainly doesn't hurt.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#5
02-16-2012, 10:27 PM
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Quote:
Buy maybe I am just cheap with my hard earned money:-)
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We've Gone Delirious
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#6
02-16-2012, 11:15 PM
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Quote:
you'd probably have to go back and read the details of the deal. i'm not sure if they have to buy back the stock, or pay back money. the govt may just end up holding onto their shares. i certainly don't see them selling it until the price is right...so, if that's the only way they/we can be paid back, bonuses are a moot point.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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