GM posts its highest profit ever: $7.6 billion

[dellinger63]

Originally Posted by Danzig

i said read it since you asked what percentage the govt owns...

you'd probably have to go back and read the details of the deal. i'm not sure if they have to buy back the stock, or pay back money. the govt may just end up holding onto their shares. i certainly don't see them selling it until the price is right...so, if that's the only way they/we can be paid back, bonuses are a moot point.

Good News: the taxpayer gets even when GM hits around $134/share

Bad News: GM current price $27.52, all time high $93 (12 years ago)

Real Bad News: the taxpayer holds more than 300 million shares.

and they're paying bonuses?


http://www.msnbc.msn.com/id/39316448...even-price-gm/