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It's good if you are an executive at GM and you aren't the one losing your job.
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Before someone else mentions it, I will point out that, rather exceptionally, the GM top executives took a forty percent paycut in their salaries this year. Granted, this does not affect their stock options. And, granted, when we are talking about multimillion-dollar salaries, this does not make them paupers.
But, still, they took it in the chin, too, somewhat.
This does not mean, of course, that GM executives or shareholders are affected by the job cuts in any comparable way as the laid off workers! So, the quest remains open:
If "what's good for GM, is good for America", you gotta define "America".
