| another one of gm's management's stupid ideas imo... i can't see many workers, particularly unionized workers, accepting the payout deal..
what gm should do, imo, is eliminate its dividend - which costs approx. $1.2 billion every year. a company, like gm, that is on the verge of bankruptcy has no business paying $2/share in dividends every year.. about 90% of the company's shares are held by institutional investors (primarily mutual funds) and the rest are being shorted by individual investors. there is absolutely no reason, other than a pathetic attempt to give the appearance of having their act together, why gm should still be paying out dividends. |