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Followup to previous post

Followup to previous post

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Vader, Choke
Well, it turns out GM doesn't need $5billion, they need another $9billion as well as the $4billion they have already received.

http://money.cnn.com/2009/02/17/news/companies/auto_plans/index.htm?postversion=2009021720

And if you're thinking "well at least that way they don't have to cut jobs", think again. Along with the $9billion bailout GM will also be cutting 47,000 jobs worldwide.

WTF?
  • A part of being in business is not to over extend yourself too far. They have 35 billion in unsecured loans? WTF?

    What I really want to know is, how much their management is getting paid, while they are talking about cutting 47,000 jobs?
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