True, but it's still corporate money paying salaries, not tax money. Eventually the stock will be bought back and that will be it.
eventually ... that is optimistic. In the mean time - until govt motors makes some real profit the CEO's should not make so much money ... and BTW .. what happened to the Obama man being tougher on those CEO's .. especially the ones that are sucking of the taxpayer tit.
Here's the problem: the government took it's share in preferred, nonvoting stock, so the taxpayers have no say. It was done, at the time, because Republicans were screaming, "Socialism!
Not the same as it was. The new CEO is fully controlled by and for the FF, at taxpayer expense. This 60% GM stock, and other privately owned, government controlled, fascist big union bailout company stocks are soon going to be the government mandated investment of every IRA contributor. The vast dividend wealth these efficient, government controlled companies generate, will be used to pay for for more progressive votes and to lubricate the machinery of the FF giant.
I think the CEO Obama ran out of GM was taking a $1.00 salary.
MacThulhu
Taxpayers aren't paying GM's salaries.