GM posts its highest profit ever: $7.6 billion

[jms62]

Originally Posted by dellinger63

We're officially out with a $10.5 billion dollar loss. (120,689 times more than 1% of McDonalds' CEO's pay) and what's $500,000,000 when we're talking billions.

According to a 2012 Forbes article GM employed just under 75K in the U.S. and that comes to $133,333 per job.

For those insisting GM would have gone completely under if allowed to file bankruptcy, I challenge you to find a grocery store not selling Hostess ho-ho's or twinkies despite Hostess' bankruptcy.

Meanwhile McDonalds' CEO is criticized.

http://www.americanthinker.com/blog/...5_billion.html

Yes. They lost 10 billion or 10 million a day over the 3 years they held this stock … BUT … they saved 1 million immediate jobs and countless related jobs (parts suppliers, driver and other services) and kept a huge crater from developing in the economy at a time when we could least absorb it. Those million jobs also bought goods and services of other companies no doubt saving additional jobs. It is unbalanced to say they/we lost 10 billion. The revenue from those jobs and sales that were saved went to the Fed via taxes.