Ron W. Posted February 12, 2010 Share Posted February 12, 2010 (edited) General Motors Co.'s top 25 senior executives, whose pay packages are being reviewed by the Treasury Department, are "way, way, way" underpaid, Vice Chairman Bob Lutz said today. >>Link<< edit: almost forgot to put a Link for the comments section. Edited February 12, 2010 by Ron W. Quote Link to comment Share on other sites More sharing options...
Deanh Posted February 12, 2010 Share Posted February 12, 2010 >>Link<< edit: almost forgot to put a Link for the comments section. the theory of performance based payplans as perceived by the arrogant..... 1 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted February 12, 2010 Share Posted February 12, 2010 the theory of performance based payplans as perceived by the arrogant..... No Deanh, I agree with performance based bonuses but I also agree in lack of performance give backs and firings.... The present GM board and chief executives would all be skating on thin ice in my world.... Quote Link to comment Share on other sites More sharing options...
Deanh Posted February 12, 2010 Share Posted February 12, 2010 (edited) No Deanh, I agree with performance based bonuses but I also agree in lack of performance give backs and firings.... The present GM board and chief executives would all be skating on thin ice in my world.... my point exactly, hey, I suck at my job, we put the company through bankruptcy, theres still a chance we may not make it, but the Govt/ taxpayer is always there to prop us up .....and by the way pay me , and I demand a raise.... :slap:DOH! Edited February 12, 2010 by Deanh Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted February 12, 2010 Share Posted February 12, 2010 (edited) Wonder what performance bonus Lutz think he deserves for helping to screw up GM, with a $50 billion loss requiring a massive Government taxpayer bailout. Lutz also helped Ford UK who had 32% market share when he arrived as FOE chairman, by the time he left and his dull bland range of "Tony" cars got up to speed Fords UK market share had dropped to 16% something Ford UK still have not recovered from as a result of his superb leadership game changers like the "toss pots" Sierra's. Go on Bob go give yourself a $500,000 pay rise l don't know how you "MANAGE" to live on it, whilst the rest "MANAGE" our finances on a pay cut or pay freeze. Let hope all GM employees want the same pay "GREEDY" rises to match yours for running GM onto the rocks last year with a range of "cars" that are a complete "Crock of Shit" the poor ole Classic Silverado GM's best vehicle has so much shit to carry. Don't let Lutz near the Classic Silverado. Edited February 12, 2010 by Ford Jellymoulds Quote Link to comment Share on other sites More sharing options...
jpd80 Posted February 12, 2010 Share Posted February 12, 2010 GM will be back for more cash, any company that convinces themselves that 2007/2008 was the main factor that caused their down fall deserves to fail... Quote Link to comment Share on other sites More sharing options...
jpd80 Posted February 12, 2010 Share Posted February 12, 2010 Wonder what performance bonus Lutz think he deserves for helping to screw up GM, with a $50 billion loss requiring a massive Government taxpayer bailout. Maybe Ford should give Lutz an incentive bonus to keep weaving his magic....... Quote Link to comment Share on other sites More sharing options...
Deanh Posted February 12, 2010 Share Posted February 12, 2010 Maybe Ford should give Lutz an incentive bonus to keep weaving his magic....... another "touche" for J. Quote Link to comment Share on other sites More sharing options...
Ron W. Posted February 12, 2010 Author Share Posted February 12, 2010 Maybe Ford should give Lutz an incentive bonus to keep weaving his magic....... Quote Link to comment Share on other sites More sharing options...
Ron W. Posted February 12, 2010 Author Share Posted February 12, 2010 GM will be back for more cash, Quote Link to comment Share on other sites More sharing options...
ANTAUS Posted February 14, 2010 Share Posted February 14, 2010 Lutz is Nutz...really, he's out of touch with reality if this is what he claims.... 1 Quote Link to comment Share on other sites More sharing options...
lfeg Posted February 15, 2010 Share Posted February 15, 2010 His statement makes sense if you live in the alternate reality of wall street and investment bankers. AIG pays bonuses when they collectively trashed world markets with credit default swap sleight of hand. Wells Fargo pays CEO mutiple millions while the company is stagnant. And so on..... When it comes to paying astronomical salaries and bonuses for nonfeasence and outright malfeasence, GM is a small timer compared to the above. Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted February 15, 2010 Share Posted February 15, 2010 (edited) His statement makes sense if you live in the alternate reality of wall street and investment bankers. AIG pays bonuses when they collectively trashed world markets with credit default swap sleight of hand. Wells Fargo pays CEO mutiple millions while the company is stagnant. And so on..... When it comes to paying astronomical salaries and bonuses for nonfeasence and outright malfeasence, GM is a small timer compared to the above. If Lutz is soooooooooh F...ing WONDERFUL why did the loooooooooooooooooser help GM lose $50 BILLIONS put them on the rocks, the US goverment should have seized all of Lutz's assets as he tried to retire early when he jumped off deserted the good ship GM when it was sinking fast as some way of recouping the BILLIONS of US "TAXPAYERS" bailout money that has been lost, and used to plug the holes in retirement runaway yellow belly loser Lutz's sinking GM ship because nobody wanted to buy Lutz's boring bland dull cars, not without a big huge loss making bribe. Sorry but Ford have had to struggle to get where they are and have not been a burden on the US TAXPAYER. Yea give them all $500,000 payrise each so they can sail GM back onto the rocks again faster with big loss making greed on the GM books, you get my vote at least that will get rid of loser Lutz & his greedy GM for good second time round, as long as the US Taxpayers refuse to bail them out again. Billions of reward if GM fail and billions more for the greedy bastards if you fail again l hope not. Edited February 15, 2010 by Ford Jellymoulds Quote Link to comment Share on other sites More sharing options...
Bored of Pisteon Posted February 16, 2010 Share Posted February 16, 2010 (edited) Lutz is Nutz...really, he's out of touch with reality if this is what he claims.... And this coming from a guy who uses a helicopter to jetset back and forth from work everyday? Lutz the putz can on deez Edited February 16, 2010 by Bored of Pisteon Quote Link to comment Share on other sites More sharing options...
EgoFG Posted February 16, 2010 Share Posted February 16, 2010 I have a long held opinion that all company execs should be paid a reasonable living. Say an inflation adjusted equivalent of say $600,000 in 2010 (or whatever 'reasonable' figure you decide) BUT Anything beyond this, to probably a minimum of 1/3 of their salary should be made up of regular class shares that they can never sell. And all bonuses should also be paid in regular shares that they can never sell (but their estate can sell them post mortem). This will get execs focused on the long term well being of the company, not the share price ! Quote Link to comment Share on other sites More sharing options...
97svtgoin05gt Posted February 16, 2010 Share Posted February 16, 2010 The nerve of this guy. Lutz the putz. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted February 16, 2010 Share Posted February 16, 2010 I have a long held opinion that all company execs should be paid a reasonable living. Say an inflation adjusted equivalent of say $600,000 in 2010 (or whatever 'reasonable' figure you decide) BUT Anything beyond this, to probably a minimum of 1/3 of their salary should be made up of regular class shares that they can never sell. And all bonuses should also be paid in regular shares that they can never sell (but their estate can sell them post mortem). This will get execs focused on the long term well being of the company, not the share price ! That is absolutely ridiculous. Why? Because not all investors in your company are in it for the long term. Quote Link to comment Share on other sites More sharing options...
EgoFG Posted February 18, 2010 Share Posted February 18, 2010 (edited) That is absolutely ridiculous. Why? Because not all investors in your company are in it for the long term. no more ridiculous than the current paradigm of managing to share price and this month's bottom line. Let those that want daily fluctuations go to mining and oil where the business does fluctuate day to day, rather than forcing day to day fluctuations artificialy into a stable growth industry. Let business be business. Edited February 18, 2010 by EgoFG Quote Link to comment Share on other sites More sharing options...
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