Should The Government Bailout GM?

[JoeRedskin]

I hope to God everyone is seeing through this "Work for a buck" thing - "Okay, I will work for a buck, keep all my company perks, receive stock payments and a bonus based on undefined terms paid at my board's discretion."

Make no mistake about it, they will still be paid like kings only this time the money will come from you and me.

Sorry, if these guys want my tax money, I want it to go to R&D, restoring profitability and saving jobs. Before they get my money, their boards should be required to inform us exactly how these failed executives will be compensated including: 1) all company funds spent on providing them transportation, junkets, etc. (essentially anything the company pays for that they use or gain the benefit from, or is ostensibly intended to increase their profitablity to the company); 2) any bonuses for which they may be eligible, the cap on the bonuses and the specific standards that must be achieved to attain those bonuses; 3) Any stock or other ownership interest being transferred to the executive.

To me, this is the bare minimum these execs and their boards must do before they start telling me how they will change their company's structure to increase profitablity.