Re: Rick Wagoneer Stepping Down at GM
 

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

Re: Rick Wagoneer Stepping Down at GM
 

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

Re: Rick Wagoneer Stepping Down at GM
 

[ 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. https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: Rick Wagoneer Stepping Down at GM
 

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!

Re: Rick Wagoneer Stepping Down at GM
 

[ 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. https://www.yenko.net/ubbthreads/imag...ins/tongue.gif

Re: Rick Wagoneer Stepping Down at GM
 

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

Re: Rick Wagoneer Stepping Down at GM
 

[ 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."

Re: Rick Wagoneer Stepping Down at GM
 

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