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Re: Government . . errrr. . . General Motors

By: DGpeddler in POPE | Recommend this post (0)
Sun, 19 Feb 12 8:11 PM | 45 view(s)
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Msg. 51655 of 65535
(This msg. is a reply to 51651 by Zimbler0)

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Employers should never promice what they cannot delever. But CEOs are often like politians, the give away stuff in the future that they know will not come due until they are long gone.


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The above is a reply to the following message:
Government . . errrr. . . General Motors
By: Zimbler0
in POPE
Sun, 19 Feb 12 6:09 PM
Msg. 51651 of 65535

Snapits> With Barry Obamba taking CREIDT for "saving" GM?


Hmmm.
I heard a rumor GM's pension plan was severely
underfunded . . .

http://money.cnn.com/2012/02/15/autos/gm_pension/index.htm

GM said its pension plan was underfunded. The automaker said it would release more details on that Thursday.

The automaker said that part of its incentive for switching the plan to a 401(k) is to transfer investor liability from the employer to the employee.

>>>

(People with entegrity would investigate this matter.)
Zim.


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