Re: How similar are Toyota & GM?
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Originally Posted by martinjlm
There's another thread where I went through exhaustive detail to point out that GM is currently funding pension requirements for all retired AND CURRENT employees, based on current financial standards for actuarial estimates. I'd prefer not to go through that again, so if anybody remembers the thread, please post a link to it.
Peace,
Martin
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I'm pretty sure that GM could afford the pensions just fine if they didn't also have to pay a handful of executives at the top several billion dollars per year. That's one of the biggest differences between GM and Toyota: with asian companies, you don't have 2-3 people whose salary is equal to the rest of the work force combined.
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