Rick Wagner resigned?

bryanz

Registered User
Forum Member
Aug 8, 2001
9,724
35
48
64
Syracuse ny, usa
Looks like we have an answer to the question raised in tomorrow's lesson boys and girls...

Conservative Man "IS" the missing link scientists have been searching for.

That depends on; what your definition of conservative man is... If you are talking William F Buckley types, granted... If you are talking, the wannabe neo cons that crawl out from under the stone age rocks on the extreme anti American far right, flat Earth Crowd..... NO.... NO.... NO ... Most of these fucking idiots have a propblem with evolution, don't they ? The term conservative is being diminished by your likes & those of our 43rd President... He clearly looks like but maybe is not as smart as, the breed of monkey , he evolved from !` Maybe it's just me but sould some of the self proclaimed conservatives even be allowed to use the word science in a sentence after the last 8 years ???? Think about it..... Permission not granted over here, in HARD WORKING MIDDLE AMERICA !` THE LIKES OF YOUR KIND, HAVE MADE THE TERM CONSERVATIVE, SO CLOSE TO THE (L) WORD THAT YOU PEOPLE USE WITH DISGUST !` Yesterdays Conservative, the brick & mortar of the foundation of our movement, are sickened by this new strand of conservatism, that has inflicted and has crippeled the progress of the America & World that we love ....GOOD STUFF...http://www.youtube.com/watch?v=VYlMEVTa-PI
 
Last edited:

bryanz

Registered User
Forum Member
Aug 8, 2001
9,724
35
48
64
Syracuse ny, usa
Where is SAINT , when you need him ? That commie bastard has me on ignore:rolleyes: so he's missing the good stuff... YEA RIGHT !:142smilie
 
Last edited:

The Sponge

Registered User
Forum Member
Aug 24, 2006
17,263
97
0
23 million goodbye package for Wagner. Ya got to love it. Those dirty unions. Guys like Wagner love guys like Weasel. 23 fuking million for failure. One has to believe that a person who supports this kind of garbage is nothing more then a common thief in their own life. Capitalism at its finest.
 
Last edited:

StevieD

Registered User
Forum Member
Jun 18, 2002
9,509
44
48
72
Boston
23 million goodbye package for Wagner. Ya got to love it. Those dirty unions. Guys like Wagner love guys like Weasel. 23 fuking million for failure. One has to believe that a person who supports this kind of garbage is nothing more then a common thief in their own life. Capitalism at its finest.
Sponge, I bet he gets his health care for free too.
 

The Sponge

Registered User
Forum Member
Aug 24, 2006
17,263
97
0
Sponge, I bet he gets his health care for free too.

Sure Stevie and then this twenty three million for failure will go right to putting his kids thru college getting every easy break in life a person could get. Then we can hear twenty five years down the road how these kids are successful people by these braindead shills who get played by the Fox new's of the world. These kids will most likely turn into the same shitbag their thieving father is. Just beat down workers rights and ditch things like the electric car because he is a scumbag in bed with oil companies. But when u have a nation of shills like Weasel this is what u get. The me me me mentality of these douchebags is down right sad and sickening. Stevie go put on Fox and listen to how they are so heart broken that this shitbag got removed. Saying nothing about the 23 million but screaming that the union leader should be replaced also. Im sure the union leader will leave also if they hand him over 23 million. Most likely that 23 million would go right back to his men. The worker.
 

ga_ben

Snarky
Forum Member
Oct 12, 2006
946
6
0
Acworth, GA
23 million goodbye package for Wagner. Ya got to love it. Those dirty unions. Guys like Wagner love guys like Weasel. 23 fuking million for failure. One has to believe that a person who supports this kind of garbage is nothing more then a common thief in their own life. Capitalism at its finest.

I certainly don't agree with his golden parachute. Rewarding poor performance. :nono: :nono:
 

MadJack

Administrator
Staff member
Forum Admin
Super Moderators
Channel Owner
Jul 13, 1999
105,300
1,662
113
70
home
not defending wagner but the 23 mil is money he earned in the 32 years he was with GM.


Former General Motors Corp. Chairman and Chief Executive Rick Wagoner won't get a severance payment from the automaker, but he'll still get a pension and other benefits worth an estimated $23 million.
In nearly 32 years with the company, Wagoner accrued pension benefits that the company valued at $22.1 million at the end of last year. The actual amount Wagoner will receive could vary because it will be paid in installments over the rest of his life.
Wagoner, 56, also is entitled to $366,602 in unvested stock awards and $534,627 in deferred compensation as of Dec. 31, according to GM's annual report.
"From the perspective of the average person, most of these payouts are going to seem like a lot of money," said Alexander Cwirko-Godycki, research manager at Equilar Inc., an information services firm that specializes in researching executive compensation. "But from the perspective of executive pensions, there have been other cases where there's been a lot more money involved."
Wagoner also gets to keep about 3 million stock options, which allow him to buy GM shares at prices ranging from about $20 to $76. With GM's stock price now less than $3 per share, however, the options have little value unless the stock price reaches those levels before the options expire.
GM said early Monday that Wagoner was stepping down effective immediately, ending nearly nine years at the Detroit-based automaker's helm. Obama administration officials asked Wagoner to step aside as part of the government's plan to help the struggling automaker, and he was replaced as CEO by Fritz Henderson, the company's chief operating officer.
GM released a statement later Monday saying it was still reviewing the specifics of the compensation Wagoner would receive.
As a condition of GM's government loans, the automaker is not allowed to pay severances to departing executives. Government officials began to crack down on so called "golden parachutes" after last fall's backlash over $24 million in exit packages for the ousted chief executives of mortgage finance companies Fannie Mae and Freddie Mac. The severance payments were never made.
Cwirko-Godycki said the biggest factor contributing to an executive's pension is how long he works for the company and the size of his salary over the years.
From the beginning of his career at GM through the end of 2008, Wagoner received compensation totaling about $63.3 million, with $38.7 million of that coming during his years as its chief executive, Cwirko-Godycki said. The totals take into account Wagoner's base salary, cash bonus payouts, long-term incentive plan payouts, gains from stock option exercises, and other compensation.
That was before Wagoner agreed to accept a salary of $1 for 2009 as part of the automaker's restructuring plan.
Cwirko-Godycki noted that if Wagoner had left GM at the end of 2008, he could have received a severance payment as high as $17.1 million on top of his pension and other compensation. Before the government became involved in its finances, the company's policies allowed its board to award severance payments as high as 2.99 times an executive's base salary and target bonus.
Brian Tobin, midwest region practice leader for The Hay Group's executive compensation practice, said GM had already taken steps to limit how much money Wagoner could walk away with even before the government bailout.
Wagoner's base salary was rolled back in 2008, and his overall compensation was heavily tied to the company's stock performance.
In addition, Tobin said, Wagoner wasn't guaranteed any severance even before the government was involved. Most companies guarantee executives a minimum amount if they lose their jobs, but GM's potential payouts were solely at the board's discretion.
"Unfortunately for him, he's leaving the company at a time when GM's stock and the overall market are extremely depressed compared to where they were just five years ago," Tobin said.
 

The Sponge

Registered User
Forum Member
Aug 24, 2006
17,263
97
0
-Godycki said the biggest factor contributing to an executive's pension is how long he works for the company and the size of his salary over the years.
From the beginning of his career at GM through the end of 2008, Wagoner received compensation totaling about $63.3 million, with $38.7 million of that coming during his years as its chief executive, Cwirko-Godycki said. The totals take into account Wagoner's base salary, cash bonus payouts, long-term incentive plan payouts, gains from stock option exercises, and other compensation.
.

Isn't this enuf for this guy? How much do these guys need to live? Maybe if he could have just cut a few million off of his salary and threw it back to the workers there never would have been any strikes at GM. Always looking for kickbacks from the union but with a huge smile collecting this ridiculous amount of money. One man getting all this money yet the company is basically run into the ground now. Greedy capitalism at its finest.
 

Trench

Turn it up
Forum Member
Mar 8, 2008
3,974
18
0
Mad City, WI
That depends on; what your definition of conservative man is... If you are talking William F Buckley types, granted... If you are talking, the wannabe neo cons that crawl out from under the stone age rocks on the extreme anti American far right, flat Earth Crowd..... NO.... NO.... NO ... Most of these fucking idiots have a propblem with evolution, don't they ? The term conservative is being diminished by your likes & those of our 43rd President... He clearly looks like but maybe is not as smart as, the breed of monkey , he evolved from !` Maybe it's just me but sould some of the self proclaimed conservatives even be allowed to use the word science in a sentence after the last 8 years ???? Think about it..... Permission not granted over here, in HARD WORKING MIDDLE AMERICA !` THE LIKES OF YOUR KIND, HAVE MADE THE TERM CONSERVATIVE, SO CLOSE TO THE (L) WORD THAT YOU PEOPLE USE WITH DISGUST !` Yesterdays Conservative, the brick & mortar of the foundation of our movement, are sickened by this new strand of conservatism, that has inflicted and has crippeled the progress of the America & World that we love ....GOOD STUFF...http://www.youtube.com/watch?v=VYlMEVTa-PI

Dude... Back away from the Starbucks counter. All that caffeine's causing your brain to distort and invert reality. I thought only in a parallel universe could someone actually mistake me for a conservative, yet you've managed to do just that. WTF? :shrug:
 

kosar

Centrist
Forum Member
Nov 27, 1999
11,112
55
0
ft myers, fl
Dude... Back away from the Starbucks counter. All that caffeine's causing your brain to distort and invert reality. I thought only in a parallel universe could someone actually mistake me for a conservative, yet you've managed to do just that. WTF? :shrug:


Nobody is sure about Byanz. Just step back and make no sudden movements.
 

bryanz

Registered User
Forum Member
Aug 8, 2001
9,724
35
48
64
Syracuse ny, usa
I worry about him also Matt--seriously.

Even his writing style even has did a 180 degree.

this is funny. thanks for the concern. are you saying that I'm more or less of a liberal now that I "did a 180 " ???? ...you guys prove my point, he says he's not a conservative but because I disagree with him I call him one.. I don't think I'm a liberal but have been called one many times By DTB, because we disagree. Your move...
 
Last edited:

bryanz

Registered User
Forum Member
Aug 8, 2001
9,724
35
48
64
Syracuse ny, usa
1. Internet bubble???

2. The Dot Com bubble burst in 2000 before Bush was in office.

3. 9/11 - Yes. He ignored intelligence and it happened on his watch.

4. Katrina - Yes. He conspired with Big Oil to perpeuate global warming, which we all know is causing the Gulf of Mexico to warm, thereby increasing both the size and frequency of hurricanes along the Gulf coast.

5. AIG - Yes. Cause (deregulation) and Effect (the inmates were running the Asylum - Wall Street).

I'm afraid that's all the time we have for today's lesson boys and girls. Tomorrow's lesson: "Conservative Man - Is he the missing link that scientists have been searching for?"

Maybe it's just me, I find this response close to what a bush/cheney loyalist would come up with. So I brand it conservative.
 

bryanz

Registered User
Forum Member
Aug 8, 2001
9,724
35
48
64
Syracuse ny, usa
That depends on; what your definition of conservative man is... If you are talking William F Buckley types, granted... If you are talking, the wannabe neo cons that crawl out from under the stone age rocks on the extreme anti American far right, flat Earth Crowd..... NO.... NO.... NO ... Most of these fucking idiots have a propblem with evolution, don't they ? The term conservative is being diminished by your likes & those of our 43rd President... He clearly looks like but maybe is not as smart as, the breed of monkey , he evolved from !` Maybe it's just me but sould some of the self proclaimed conservatives even be allowed to use the word science in a sentence after the last 8 years ???? Think about it..... Permission not granted over here, in HARD WORKING MIDDLE AMERICA !` THE LIKES OF YOUR KIND, HAVE MADE THE TERM CONSERVATIVE, SO CLOSE TO THE (L) WORD THAT YOU PEOPLE USE WITH DISGUST !` Yesterdays Conservative, the brick & mortar of the foundation of our movement, are sickened by this new strand of conservatism, that has inflicted and has crippeled the progress of the America & World that we love ....GOOD STUFF...http://www.youtube.com/watch?v=VYlMEVTa-PI

this was directed towards anyone that thinks they are conservative because they agree with the spirit of rush, hannity and beck... All those with no historical prospective of the movement & to all those bush/cheney loyalist... I responded to your sarcastic remark on conservative man...
 

Trench

Turn it up
Forum Member
Mar 8, 2008
3,974
18
0
Mad City, WI
Maybe it's just me, I find this response close to what a bush/cheney loyalist would come up with. So I brand it conservative.

Let's recap, shall we? Skulnik implied that liberals hold Bush accountable for the 5 things listed below. So, let?s try it again?

1. Internet bubble - WTF is an Internet bubble???

2. Dot.Com bubble burst - Why would liberals hold Bush accountable for something that occurred BEFORE he was in office? Besides, the Dot.Com bubble was gonna burst sooner or later, regardless of who was in office.

3. 9/11 - Yes, I hold Bush accountable. He ignored intelligence and it happened on his watch. Was Clinton blameless? No, but he certainly isn?t as culpable as Bush.

4. Katrina - I was being somewhat facetious here. Yes, we all know the Bush Administration and State and local authorities were responsible for the poor handling of the Katrina aftermath.

5. AIG - Bush and any politician who pushed for deregulation are culpable for the current state of the U.S. housing and banking industries. Of course, the lion?s share of the blame lies with the greedy investment and hedge fund bankers on Wall Street that ran amuck as a result of deregulation.

Now, how the fuck is that a conservative viewpoint?

Context? Meet Bryanz. Bryanz? Meet Context. It?s about time you two got acquainted.
 
Last edited:
Bet on MyBookie
Top