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Originally Posted by B6T
You know the business world has totally lost all ethics when people get $20,000,000 bonuses for almost putting their company into what seems to be a the worst situation they've ever been in.
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Wagoner had nothing at all to do with their present situation and is actually gradually improving GM's financial situation. If his hands were not tied by the UAW he would actually be able to implement the measures which are necessary to put the company on the right course.
Though accepting a $20 000 000 bonus does not set a good precedent. He should look at former Chrysler CEO Lee Iaccoca, when Chrysler was on the precipice of bankruptcy he worked for $1 a year.
