GM Employees get Bonuses, US Taxpayers get Shaft.

[DKW 86 7,726]

GM workers can expect bonuses of between $5,500 and $7,000,

So let us get the facts straight here.

1) The Fed Govt is selling off GovtMotors stock at an overall loss so as to decouple the Govt from GM.

2) This will result in the GovtMotors Bailout being an overall loss to the US Taxpayers.

3) GovtMotors is paying out CASH BONUSES in 2012 to employees while the US Taxpayers got jobbed.

4) This isnt the first time this has happened...

Read more: Workers at GM, Ford to Score Nice Bonuses This Year - 24/7 Wall St. http://247wallst.com.../#ixzz2FrJmvxIk

HOURLY BONUSES 2011:

General Motors will pay bonuses of at least $4,000 each to its factory workers -- by far the largest bonuses the automaker has ever paid its blue-collar employees.

Before this, the biggest bonus GM (GM) ever paid its union employees was $1,775 in 1999. Exact details of the bonus amounts paid will be revealed after GM outlines its annual profit later this month.

http://money.cnn.com...bonus/index.htm

SALARY BONUSES 2011:

GM (GM) said that for 96% of its U.S. salaried workforce, bonuses will fall within the range of 4% to 16% of the employees' base pay.

Fewer than 1% of the automaker's salaried employees will receive bonuses of at least 50% of their salaries, the automaker said.

http://money.cnn.com...bonus/index.htm

How much money are we talking about?

General Motors is likely to spend more than $500 million on employee bonuses and

profit-sharing based on the company's performance last year.

http://www.huffingtonpost.com/2012/02/29/gm-employee-bonuses-paid-500-million_n_1309645.html

[Ouchyfish 67]

This will keep on happening until the whole country watches

and figures out that it's not really just about an ant and some grasshoppers.

http://youtu.be/HmUD9Jhfh_U

[tgr4lfe 220]

I have no problem with Ford rewarding their employees b/c Ford didn't take federal money. This is absurd that GM is doing this especially when union employees are already some, if not the highest paid in automotive industry at what $50-60/hour?!? No wonder cars cost so much!!

[3rdgen 2]

This is one of those things the dems are so much better at than repubs. The dems would demagogue this to death but with the repubs this will never see the light of day.