Thread: OT GM bailout
View Single Post
  #2  
Old November 19th, 2008, 01:36 PM posted to rec.outdoors.fishing.fly
Scott Seidman
external usenet poster
 
Posts: 1,037
Default OT GM bailout

"Calif Bill" wrote in
m:

The major difference is the GM has about 2 retirees for every worker.
Those payments about double the labor costs.


One would think that a responsible company would properly endow pension
plans as they went along. Isn't that the only tenable way to do this??


--
Scott
Reverse name to reply