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Bloomberg.com: Worldwide
General Motors Corp., buffeted by a U.S. sales collapse and three years of losses, will suspend its dividend for the first time since 1922, cut the management payroll by 20 percent and sell assets to raise at least $15 billion in the next 18 months.

What's good for General Motors...

Now where are we going and what's with the handbasket?

by budr on Tue Jul 15th, 2008 at 04:41:53 PM EST
[ Parent ]
This does sound good.  Cutting management payroll?  Stiffing stockholders?  Finally!
by paving on Tue Jul 15th, 2008 at 05:56:19 PM EST
[ Parent ]

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