I feel sorry for General Motors. I really do. It's a crucial employer in our state and our nation and has provided comfortable livings for its hard-working employees. I own two GM cars, both of which I love and both of which the company in its wisdom (?) decided to stop making. I'm sorry that the company is still hemorrhaging money. But sometimes, the company just digs its own grave.
Take a look at Blue Collar Heart's latest post and you'll see what I mean.
Blue Collar Heart notes that at its annual stockholders' meeting, the company's board of directors recommended voting against several proposed items including:
"3) Disclosure of Political Contributions, 4) More disclosure of Political Contributions, 5) Health Care Reform Principles, 6) Stockholder Advisory Vote on Executive Compensation, 7) Greenhouse Gas Emissions, 8)Cumulative Voting, 9) special stockholder meetings and 10) Performance-Based Equity Compensation."
Health care reform principles? Hasn't the company figured out yet that companies who do the right thing and provide health care for their employees are getting stuck with the bill from all those companies that won't provide it, or can't afford to?
Probably has nothing to do with the fact that two of its board members came from the drug industry, does it?
Makes you wonder whose interests those board members are looking out for.
No comments:
Post a Comment