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You probably know that the federal government has a majority stake in General Motors. This story came out recently:GM CEO Whitacre receives $9M pay packageBut that might not even be the most obscene thing in the article. Read this:
In a surprise announcement, GM also said former CEO Fritz Henderson has been rehired as a consultant. Henderson, who was forced out of the job in December, will work 20 hours a month and will be paid $59,090 a month, the company said.
If you do the math, it comes out to about $2950 per hour. In the Obama world, why is it evil if corporations held by private citizens/parties pay their execs this kind of money, but permissible when the corporation is sliding by on the taxpayers' dime?
In the Obama world
There's the key phrase right there. That's why I haven't been watching the news lately, it gets me too angry and disgusted. What the Obama administration is getting away with is amazing.
