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Default #OT# GM bankruptcy closer?

F. George McDuffee wrote:

Our Detroit "rescue" dollars in action... (Remember that GMAC
got a separate boodle bundle also...)

Why does the phrase "take the money and run" keep echoing????


Because the rank and file bought into great bennies down the road and early retirement.
Something not sustainable with GM's market share.

Down the road is a big problem for GM and buying off some to take the money now and leave
solves a few problems for GM. GM management is playing high stakes poker. The employees
have a seat at the table and get to decide to take their chips now or keep playing.

Hard choices.

Wes

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