GM is broke due to bad management. Not Japanese/German cars.
Look at Goldman. They hedged their bets on the "high risk" mortgages over the past 4 years. Their stock jumped $12 in one day on their earnings report going into Q4 07. Thats management, risk with protection. Do you think the C-level management of Goldman got paid more than the C-level management of GM? I dont....its public knowledge.
Look at Goldman. They hedged their bets on the "high risk" mortgages over the past 4 years. Their stock jumped $12 in one day on their earnings report going into Q4 07. Thats management, risk with protection. Do you think the C-level management of Goldman got paid more than the C-level management of GM? I dont....its public knowledge.