GM chief to lobby Congress for $25bn in low-cost loans
By Bernard Simon in Toronto
Published: September 12 2008 03:00 | Last updated: September 12 2008 03:00
General Motors' chief executive Rick Wagoner will today join an intense lobbying drive by the embattled US motor industry to secure approval from Congress for at least $25bn in low-cost loans. Mr Wagoner will be among witnesses at an all-day Senate energy committee hearing aimed at facilitating, in the words of its sponsors, "the development of comprehensive legislation to address America's many energy challenges".
Comments: Give back your stock options, your bonuses and whatever else you've attained during your tenure as CEO of GM. I am sure that you and all of the other GM execs could survive just on your salaries.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment