Bill Gates and the president of General Motors have met for lunch, and Bill is going on and on about computer technology. “If automotive technology had kept pace with computer technology over the past few decades, you would now be driving a V-32 instead of a V-8, and it would have ...
That's proved by the halting course of events since early last summer, when Wagoner let it be known that GM proposed to unilaterally change its health plan for retirees so as to cut $20 billion off its liabilities. Legally GM may have been within its rights to do this; at least, that'...
“Mature” pension plan 2.5 retirees per worker at GM Funding Status in Perspective Underfunded pension obligation is: General Motor’s market capitalization! > G.M.’s long-term debt Who bears the financial burden of the pension underfunding?
General Motors will file for bankruptcy tomorrow morning. A smaller GM will come out of the reorganization with union workers protected nicely. Unsecured bond holders do not appear to be in the same shape. The U.S. Treasury is prepared to provide approximately $30.1 billion of financing to sup...
Pension Plan. The term “Pension Plan” shall mean the General Motors Hourly-Rate Employees Pension Plan. Principal Domestic Manufacturing Property. The term “Principal Domestic Manufacturing Property” shall mean any manufacturing plant or facility owned by GM or any Manufacturing Subsidiary which is...
adults D. retirees 53.A. carefully B. eagerly C. nervously D. bravely 54.A. required B. gained C. noticed D. discovered 55.A. need B. learn C. plan D. start 56.A. great B. strange C. difficult D. correct 57.A. time B. money C. skills D. knowledge 58.A. only B. well ...