Comments on: GM CEO Rick Wagoner Scores $14.4m for ‘07

By: GS650G

GS650G — Mon, 28 Apr 2008 14:11:21 +0000

The most appropriate picture I’ve seen for an article yet.

The board is free to pay what they want, and investors can will react. I am sure they will. Call it the last song of the night for this band.

As ordinary citizens, not GM board members, we have a duty to be informed about our decisions, and this information is very telling.

By: wildcmc

wildcmc — Sun, 27 Apr 2008 18:32:39 +0000

I wish I could open my own car company, employ every worker in GM and do things right. Better designs, better quality, just for the satisfaction of putting a good name on American cars. I would get paid less… (i guess until greed kicks in)

By: FromBrazil

FromBrazil — Sun, 27 Apr 2008 00:33:53 +0000

executive overpay, it will end some day. But sorry Mikey, it won’t be due to the UAW’s “efforts”

By: becurb

becurb — Sat, 26 Apr 2008 16:54:26 +0000

Robert Farago

Meanwhile, Car Czar “Maximum” Bob Lutz gets a nice little “thank you” for winning TTAC’s Bob Lutz Award: a base salary “boost” from $1.3m p.a. to $1.75m (so much for “I gave at the office”). MB’s total compensation for ‘07: $6.9m.

And now you understand the basis for Putz saying “rich people don’t care about the price of gas”.

If they feel pinched, they simply “request” more for their vastly important contribution to society. As in, “I think the deck chairs all need to be 15cm from the deck railing, Captain Smith…”

Bruce

By: gzuckier

gzuckier — Sat, 26 Apr 2008 16:06:42 +0000

while the chairmen of toyota and honda receive less than a million each.

By: shaker

shaker — Sat, 26 Apr 2008 12:27:01 +0000

Yeah, a guy making 200 times what a factory floor worker makes can’t exactly expect the “pleading poverty” message (to get union concessions) to go over very well.

By: mikey

mikey — Sat, 26 Apr 2008 11:31:00 +0000

The nine top executives at Toyota combined!Shocking?apalling?you folks are too kind.
Criminal gangsters fraudulant would be would be the words that come to my mind.
Executives reaping/rapeing money while stomping on the working people.This is were unions got thier start.This sort of crap gives the people on the floor just more resolve.
Long may the UAW live.

By: casper00

casper00 — Sat, 26 Apr 2008 06:46:09 +0000

Only in Corporate America that a CEO will get pay millions and millions of dollars to run the coporation down….this is really the “American Dream”

By: Stein X Leikanger

Stein X Leikanger — Sat, 26 Apr 2008 05:50:18 +0000

Oh, come on now, Rick has to live.
In 2005 he made more money than the top 9 executives of Toyota, combined. That shows you what a great job he’s been doing.

The GM board is insane.

By: solo84

solo84 — Sat, 26 Apr 2008 05:22:00 +0000

that’s absolutely horrible.

By: oboylepr

oboylepr — Sat, 26 Apr 2008 03:10:27 +0000

I tell you those guys live in a parallel universe! I betcha did’nt know there is a trans-dimensional gateway at the top of RenCen and that Rick, Bob and Fritz are really inhabited by aliens.

Cicero, you are right GM is doomed!

By: Cicero

Cicero — Sat, 26 Apr 2008 02:31:50 +0000

I am the last person to criticize a company for what it pays its CEO if the CEO is earning his keep. But where is GM’s Board of Directors in all of this?? GM’s lost huge market share and more than half of the value of the company as Wagoner sells off anything of value to keep the lights on. In most organizations, “performance” like this would be rewarded with a fast ride on a greased rail and possible prosecution.

GM is doomed.

By: Robert Farago

Robert Farago — Sat, 26 Apr 2008 02:20:04 +0000

menno:

Shocking, really.

By: menno

menno — Sat, 26 Apr 2008 01:45:56 +0000

A lull in the multiple thunderstorms tonight allowed me to peek back on my favorite website.

Yes, it’s utterly appalling to me, as well. But not much about GM’s death-spiral surprises me any more.

Certainly at least they should realize that a somewhat more realistic pay cap for GM executives at this time would have gone over far better with the rank & file… but I guess they don’t care a whit.

More thunder in the distance – gotta cut the computer.