Buy out retirement at GM as good as AIG bonuses

March 26, 2009 | bangor, Maine | Vetting explained

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Last updated: March 26, 2009

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http://money.cnn.com/2009/03/26/news/companies/gm_buyouts/index.htm?postversion=2009032613 Quotes from this CNN article, "More than 90% of those taking the package are eligible for retirement and will receive full pension and health care coverage, in addition to the buyout package, which includes $20,000 in cash and a $25,000 voucher towards the purchase of a GM car in most cases."

Isn't GM taking tax payer bailout money? People were outraged at AIG bosses getting big money.

But be a unionized auto worker who's company is taking bailout money you get healh care and retirement for life, $20,000 cash and a voucher for a new car and no one in government cares

I thought the pension and healthcare was what was killing GM...now they give more of it away?

Tags:
aig,
gm,
auto_industry

Posted in Assignment:
Sound off on AIG[1]

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