Tuesday, December 2, 2008

No Corporate Jets for Auto Executives This Time
This time when executives arrive to ask for more money from Congress they will be arriving in Company cars instead of jets. Such frivolous wastes of money have been cut some are so dedicated like the Ford CEO that he is going to work for a dollar a year. Tuesday morning trading, GM shares rose 30 cents, or 6.5 percent, to $4.89. Ford shares also jumped 30 cents, or 12 percent, to $2.85 after the company submitted its restructuring plan to Congress. The plans include canceling all 2009 bonuses for global management and North American workers.