Muscatine

GM gives bonuses-bailout not paid off yet

Posted in: Muscatine

Look what the US president from kenya did for autoworkers....bailout anyone?

 

NEW YORK (CNNMoney) -- Less than two years after getting a U.S. government bailout, General Motors is handing out bonuses that, in some cases, could exceed 50% of workers' salaries.

"To give GM's 26,000 salaried employees a stake in the overall performance of the company, their compensation is based in part on the performance of the company and on their individual performance," said GM, in a prepared statement.

 

..."But about $27 billion in bailout funds remain unpaid."

 

 http://money.cnn.com/2011/02/11/news/companies/gm_bonus/index.htm

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