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No bonuses for GM execs

General Motors says it will not be paying cash bonuses to its top executives for the second consecutive year, according to the New Yorks Times. The company boosted its financial performance in 2006 yet did not earn a profit.
The paper noted such bonuses would undoubtedly have rankled members of the United Automobile Workers union ahead of this summer’s contract talks, although a G.M. spokeswoman, Renee Rashid-Merem, declined to say whether the pending negotiations were a factor

Posted by   at 11:36 AM to Companies | Permalink

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