Monday, February 14, 2011

GM's Taxpayer Funded Bonuses

This pisses me off so much I can barely find the words...

GM... the same douche-bags who received TARP funds to the tune of billions, then "stimulus" funds and on and on ad nauseam...General Motors who spent 9 million dollars on a GD Super Bowl commercial featuring Eminem.....WITH OUR MONEY.....Well they have decided to award their total ineptitude by paying out UGE F-ING BONUSES.

"General Motors Co. and Chrysler Group LLC, which each received government-funded bailouts, may award some managers bonuses of as much as 50 percent of their salary, said four people familiar with the plans.

GM plans to pay bonuses to most managers equal to 15 percent to 20 percent of their annual salary and as high as 50 percent to less than 1 percent of its 26,000 U.S. salaried employees, said one of the people, who asked not to be named revealing internal plans. Bonuses for Chrysler’s 10,755 salaried workers will average about $10,000, with a small group getting as much as half of their salary, one of the people said."

UPDATED: I am SOOOOOO sorry. It was Chrysler not GM that used our money to make a 9 million dollar Eminen commercial after taking a couple billion dollars in TARP money. I am so fucking sorry for the error.

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