GM’s Wagoner Will Have Time To Explore Sirius XM Dial
In stark contrast to his last visit to Washington where he was criticised for taking a corporate jet, GM’s Rick Wagoner will drive from Detroit to Washington this time around. In what can only be termed as a token gesture, the CEO will make the 520 mile trek in his Chevy Malibu Hybrid.
The journey will give GM’s CEO plenty of time to explore the satellite radio dial. He can even keep up with all of the political news by tuning into one of the many news outlets that satellite radio has to offer.
Some may be critical of the drive, stating that it does not represent any real savings, and perhaps even takes up valuable time that the CEO could be dealing with the many hurdles that GM has to overcome. Before slamming Wagoner for driving, people should consider that the CEO’s of the big three have also taken a hit in the bank account. Bonuses are being cancelled for 2009, and Ford, which is trying to avoid using government money, has already stated that their CEO will work for $1 if the automaker taps into the government for assistance.
Any guesses as to what Rick Wagoner’s favorite satellite radio channel is?
i hope it was BACKSPIN so they will bring that channel back
I would bet that Wagoner is mostly listening to CNBC to hear what Phil Lebeau is saying . . . but during commercials, he strikes me as an “Escapes” type guy or maybe a little “50’s” on 5.
Restrictions on executive compensation? Hmmm. And we need another 4mm shares so Mel and his boys can be sure to get “theirs”
Thanks Tyler . . . appreciate the work.
Any guesses as to what Rick Wagoner’s favorite satellite radio channel is?
My guess would be the clown channel, clown talk 24/7!!
Real Savings?! 20k to fly the stupid jet. What? maybe 1k to drive? That’s savings. 🙂
This is just stupid. I think I need to go hit up congress for some money for my… umm.. failing business, yeah yeah, that’s the ticket!
Steve, I agree. This is stupid…
Why didn’t the big three CARPOOL? They are not being fiscally responsible because they did not carpool… Hell, they could drive on the HOV lane!
Newman that’s funny regarding carpooling.
Tyler.
Did you catch Ford’s comment.
“We will be cash flow positive by 2011”.
Where have we heard that before…………..
Was Greyhound not providing Regular Service between Detroit and Washington, D.C.?
Could have saved even more, and arrived well-rested!
Mel should work for a dollar too! The lying SOB should repay his bonus from last year to pay down debt. 37 million wouldn’t make much of a dent but every “little” bit helps!!!