Common stock holders of GM stock are idiots. Labor is getting a $7,000 bonus and mgt is getting theirs. Stock holders are getting nothing.
Doesn't make sense to me. The owners of the company and we get nothing.
I guess we are idiots.
Remember the IPO price? Where is there 31% increase? When a company makes a profit, the stock holders deserve a dividend. The profit should not and must not be divided only to labor, mgt and the B of D's. Stock holders need to wake up.
A dividend can be omitted if it can be shown that all of the profits go to growing the company. The terrible 3 would suffer just like the owners.
Remember taxpayers of this nation make up alot ot those shareholders, thanks to the Obama administration. Americans are losing their shirts in this stock, while the union folks take home the taxpayer's money. You do have to laugh, when the union people cann't even keep the hoods down on the Colorado. Glad I didn't buy it. Love my Tacoma.
"Love my Tacoma"
Aren't you lucky you don't live in a salt belt state. Other wise you made be looking for your spare tire.
Plus the fact both your parents had a GM pension, plus your free health care while you was in college. .