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GM’s Wagoner Resigns with $20M Retirement

Via The Blotter… According to GM’s financial filings, Rick Wagoner “will leave his post as CEO of bailed-out General Motors with a $20 million retirement package.”
Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is eligible to collect millions in retirement benefits from his former employer, [...]

The AIG Bonus Debacle

AIG is paying out more bonuses and they are doing it taxpayers money… Aint that something? First they rob us all blind and then they give themselves all a bonus and ship some overseas too.
Robert Kuttner (emphasis mine) speaks for me:
In defending the AIG bonuses, CEO Edward Liddy actually said that you had to pay [...]

$1 Per Gallon Gas Next Year?

Is greater relief at the gas pumps finally in sight? If Gulf Oil CEO Joe Petrowski is correct it could go down to $1.00 a gallon or lower by next year. I for one am hoping he’s right. I just filled my tank up here in rural Maine yesterday paying $1.99 a gallon. A further [...]

Detroit’s Big Three: Actual CEO Opening Statements To Congress

I’ve been pounding an unpopular table in several places trying to show people that a $25 Billion investment/loan is critical for the US and makes common sense. I’ve taken a couple of days off from working on the subject. Today, I’ve finally found the opening statements of all three automakers to Congress.
I’m providing them below [...]

Qwest, it isn’t just a journey, it’s a destination

For anyone interested in changing their telephone service to Qwest, here is the phone number to call:
1-800-860-2255
It took me less than 10 minutes to make the change from MCI to Qwest. After the transaction was complete, I said I wanted to thank Qwest for not complying with the NSA’s request to turn over their [...]