Rick Wagoneer Stepping Down at GM

[JRSully]

Just heard he is leaving with $21mm in his pocket

[1970Bluel78]

He will be taxed at 90% if it's bonus stuff. I heard he will end up with 2 MILLION

[ORIGLS6]

[ QUOTE ]
"Wagoner, who had agreed to work for $1 a year, is barred from getting a golden parachute or a big severance package under the terms of the government's Troubled Asset Recovery Program."

[/ QUOTE ]

Hmmmm. A TARP vs. a parachute.

[Fast67VelleN2O]

How is he even getting a severance package? When the average Joe gets fired, he leaves with nothing. Let these big wigs go through what every other American has to suffer through!

[x Baldwin Motion]

[ QUOTE ]
[ QUOTE ]
He's probably using his nice golden parachute to soften the landing.

[/ QUOTE ]


I heard he's not getting one.

From today's Detroit News:

"Wagoner, who had agreed to work for $1 a year, is barred from getting a golden parachute or a big severance package under the terms of the government's Troubled Asset Recovery Program."

[/ QUOTE ]


How bout a baloney sangdwich and a low mileage Olds Alero. That seems more than fair to me.

[Chateau Slate 66]

Considering what he has made the last decade, I think he will be OK with or without a severance package.

[427TJ]

[ QUOTE ]
Just heard he is leaving with $21mm in his pocket

[/ QUOTE ]

20 million severance package. As Mel Brooks said: "It's good to be king."

[JoeG]

Also IT's great to be head of the UAW and get a populist pass...Ron Getteifinger..he should have gone also ..........