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Subscribe to this threadGM increases exec salaries to "normal" levels
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Mallory @ Apr 26th 2008 8:00PM
Amen Yar. It's funny how people think it's easy to find a business leader with that kind of foresight. He's done so much for GM. For example:
- Greenlighted cars like the Aztek, the Cobalt, the Colorado, the SSR, the GMs minivans, etc.
- Formulated a product portfolio heavy on trucks and SUVs when gas costs $3.50/gal.
- Didn't get caught up in that wacky hybrid sedan fad.
- Oversaw the 2 billion dollar Fiat buyout fiasco. Investment screw-ups like that don't just fall out of the sky you know.
- Decided to back e85, something Time reporter Michael Grunwald called a “clean energy scam” that is “dramatically accelerating global warming” and “imperiling the planet in the name of saving it.”
On top of that, since GM only lost 39 billion dollars last year I don't see why they're not getting more.
If you want to retain this type of talent then you gotta pay the big bucks. That's how the market works.