Originally Posted by Missouri Mule

For what it is worth, I DO think that most CEOs and top execs are overpaid. But even if they worked for free it wouldn't fix the overall cost problem that's built into the union contracts and the competition from the Asian manufacturers who are not stuck with these problems. The last time I checked I think that Toyota (in the U.S.) only had about 1,000 retirees while GM had nearly 1,000,000 retirees. Toyota can service that pittance. GM can't. This might have something to do with the fact that Toyota's capitalization is about 17 times that of GM's. GM is sitting on enormous debt that it can't service and especially if its business is going down the tube.