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GM really does stand for "Government Motors"

PICK3

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Bottom Line - Feds freeze executive pay at General Motors


Pity poor Dan Akerson. He’s delivered the sort of financial turnaround seldom seen in the business world, taking once-bankrupt General Motors to multi-billion-dollar profitability. But that won’t be enough to earn him a pay hike this year, according to the U.S. Treasury Dept., which has the final say on compensation for the maker’s top 25 executives.
 
Bottom Line - Feds freeze executive pay at General Motors


Pity poor Dan Akerson. He’s delivered the sort of financial turnaround seldom seen in the business world, taking once-bankrupt General Motors to multi-billion-dollar profitability. But that won’t be enough to earn him a pay hike this year, according to the U.S. Treasury Dept., which has the final say on compensation for the maker’s top 25 executives.

If he is really that good and essential to th GM comeback , then he could find a job somewhere else and get "the pay hike",
 
It's odd how billions of capital infusion coupled with artificial subsidies and favorable tax treatment can trigger a turn-around.

Who would have thought it?
 
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