Comments on: GMAC doubles its CEO’s compensation to $11.62 million in 2008 http://www.egmcartech.com/2009/02/27/gmac-doubles-its-ceos-compensation-to-1162-million-in-2008/?utm_source=rss&utm_medium=rss&utm_campaign=gmac-doubles-its-ceos-compensation-to-1162-million-in-2008 Auto News, Car Reviews, Live Auto Show Coverage Mon, 13 Feb 2012 17:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mason Makita http://www.egmcartech.com/2009/02/27/gmac-doubles-its-ceos-compensation-to-1162-million-in-2008/comment-page-1/#comment-619683 Mason Makita Sat, 28 Feb 2009 06:46:47 +0000 http://www.egmcartech.com/?p=31312#comment-619683 regardless of the current global economic impact, these big-wigs are ultimately responsible for their companies' well-being. that's part of what they signed up for. bailout? so be it (i guess). BUT, these idiots should be removed regardless.<br><br>LOUSY formula: company under-performs; announces layoffs; compensates the old-regime...<br><br>in sports, if you don't perform, the head coach/GM gets axed. same for these 'old-farts'. bring in fresh, strong, innovative leadership (they're out there). regardless of the current global economic impact, these big-wigs are ultimately responsible for their companies' well-being. that's part of what they signed up for. bailout? so be it (i guess). BUT, these idiots should be removed regardless.

LOUSY formula: company under-performs; announces layoffs; compensates the old-regime…

in sports, if you don't perform, the head coach/GM gets axed. same for these 'old-farts'. bring in fresh, strong, innovative leadership (they're out there).

]]> By: Pat http://www.egmcartech.com/2009/02/27/gmac-doubles-its-ceos-compensation-to-1162-million-in-2008/comment-page-1/#comment-619684 Pat Sat, 28 Feb 2009 04:55:19 +0000 http://www.egmcartech.com/?p=31312#comment-619684 they are all a bunch of stupids in Detroit...that's it they are all a bunch of stupids in Detroit…that's it

]]> By: zermatt http://www.egmcartech.com/2009/02/27/gmac-doubles-its-ceos-compensation-to-1162-million-in-2008/comment-page-1/#comment-619685 zermatt Sat, 28 Feb 2009 04:52:56 +0000 http://www.egmcartech.com/?p=31312#comment-619685 GM has a 49% stake in GMAC. The other 51% is owned by Cerberus which owns 80% of - wait for it - Chrysler.<br><br>Just about a month or so ago, GMAC was fighting for its life and was trying to get bank status from the FDIC so that it could get access to TARP funds.<br><br>Rick Wagoner and Steve Feinberg of Cerberus thought that this was a good move?<br><br>Looks like GM's and Cerberus' judgment continues to be impaired and there is no relief in sight. GM has a 49% stake in GMAC. The other 51% is owned by Cerberus which owns 80% of – wait for it – Chrysler.

Just about a month or so ago, GMAC was fighting for its life and was trying to get bank status from the FDIC so that it could get access to TARP funds.

Rick Wagoner and Steve Feinberg of Cerberus thought that this was a good move?

Looks like GM's and Cerberus' judgment continues to be impaired and there is no relief in sight.

]]> By: Mason Makita http://www.egmcartech.com/2009/02/27/gmac-doubles-its-ceos-compensation-to-1162-million-in-2008/comment-page-1/#comment-612494 Mason Makita Fri, 27 Feb 2009 22:46:47 +0000 http://www.egmcartech.com/?p=31312#comment-612494 regardless of the current global economic impact, these big-wigs are ultimately responsible for their companies' well-being. that's part of what they signed up for. bailout? so be it (i guess). BUT, these idiots should be removed regardless.<br><br>LOUSY formula: company under-performs; announces layoffs; compensates the old-regime...<br><br>in sports, if you don't perform, the head coach/GM gets axed. same for these 'old-farts'. bring in fresh, strong, innovative leadership (they're out there). regardless of the current global economic impact, these big-wigs are ultimately responsible for their companies' well-being. that's part of what they signed up for. bailout? so be it (i guess). BUT, these idiots should be removed regardless.

LOUSY formula: company under-performs; announces layoffs; compensates the old-regime…

in sports, if you don't perform, the head coach/GM gets axed. same for these 'old-farts'. bring in fresh, strong, innovative leadership (they're out there).

]]> By: Pat http://www.egmcartech.com/2009/02/27/gmac-doubles-its-ceos-compensation-to-1162-million-in-2008/comment-page-1/#comment-612495 Pat Fri, 27 Feb 2009 20:55:19 +0000 http://www.egmcartech.com/?p=31312#comment-612495 they are all a bunch of stupids in Detroit...that's it they are all a bunch of stupids in Detroit…that's it

]]> By: zermatt http://www.egmcartech.com/2009/02/27/gmac-doubles-its-ceos-compensation-to-1162-million-in-2008/comment-page-1/#comment-612496 zermatt Fri, 27 Feb 2009 20:52:56 +0000 http://www.egmcartech.com/?p=31312#comment-612496 GM has a 49% stake in GMAC. The other 51% is owned by Cerberus which owns 80% of - wait for it - Chrysler.<br><br>Just about a month or so ago, GMAC was fighting for its life and was trying to get bank status from the FDIC so that it could get access to TARP funds.<br><br>Rick Wagoner and Steve Feinberg of Cerberus thought that this was a good move?<br><br>Looks like GM's and Cerberus' judgment continues to be impaired and there is no relief in sight. GM has a 49% stake in GMAC. The other 51% is owned by Cerberus which owns 80% of – wait for it – Chrysler.

Just about a month or so ago, GMAC was fighting for its life and was trying to get bank status from the FDIC so that it could get access to TARP funds.

Rick Wagoner and Steve Feinberg of Cerberus thought that this was a good move?

Looks like GM's and Cerberus' judgment continues to be impaired and there is no relief in sight.

]]>