Hot rod hullabaloo

So Rick Wagoner, ex CEO of GM will walk away with a $20.2 million retirement package, not including the usual perks (e.g., free air travel, secretarial services, cars for life, etc.). Also standard: Wagoner’s pension is insured.

It has been reported that this guy has banked $60 million in salary all ready. So he is rich beyond belief, never needs to work again. We do feel the cost here in Canada.

As the auto worker's in the USA get government money Canada is expected to follow suite and help finance GM & Chrysler here as well. Now it isn't the guy who works on the assembly line getting rich, it is obviously the guys at the top who are simply getting paid more than they are worth. No doubt these companies will get government money and then promptly default and file for chapter 11, leaving us on the hook for a good portion as tax payers. I can only hope this is a lesson learnt by our government and put the proper conditions on any more bail out money before the cheque is written.

But the thing that bugs me is when did we as a society start rewarding people for bad behavior? (Well that is a stupid question... I mean just look around) However, think about a guy at the top running a business, a public traded corporation or city and still gets away with greasing himself heavy then rewarded for bad decisions and bad financial risks on the way out.

(Actually I would pay to see our Mayor get the heave ho ho, and he did vote himself a $40k raise two years ago.) Some one needs to revolt, and as history repeats it's self it will take a patriotic American to do it.

I can only pretend to feel the pain of some poor guy who has lost his $40k a year job due to a Wall Street executive who sunk it all, prior to retiring on easy street. While this guy decides what bills he can ignore and counts the days until the bank changes the locks he quietly, with purpose cleans his gun......

Years ago I recall a young man boasting about his college professor lecturing the class on how to find the loop holes to take away a man's pension. This guy was being groomed to take over his dad's business. I thought to myself that if I was a guy turning 65 and some snot nose punk ass prep with a commerce degree and attitude screwed me out of my pension I would simply open fire. After all what do you have to loose at that point in your life, and the bigger question would be what do you have to look forward to? ( I quit that job)

You can no longer lease a GM car or truck, so what happens when the lease is up???

Does this ass hole look like a target or what?

For his sake he better hope that the savings and pension benefits from the GM employee plan are solid!

My prediction is that some one who gets the golden parachute some where is going to get hurt from some who is used to break the fall.

Here is a final thought.... Ford and all the import companies, who manufacture vehicles in Canada are NOT asking for money. Is it better management? Why can they stay afloat (so far) longer than these other clowns? Better vehicles? Better pricing? Better warranty? Better dealership service? Can all this be summed up as better management all around? hm....

My next vehicle will NOT be a GM, and I am having a hard time viewing Chrysler in a better light.

(Plus Vaughn Wyant has some of the hottest looking girls in town working at his dealership)