Punch Rick Wagoner In The Face

Dick is in the middle.

Rick is in the middle.

It’s not news that the Obama administration has asked Rick Wagoner to step down from his position as CEO of General Motors, but it’s just now that we’re getting wind of his golden parachute package. Nobody seems to be getting the numbers spot on as I’m seeing everything from $8.2 million, $10 million, $20 million. Regardless, it seems quite established that we’re looking at a minimum of $8 million in addition…

July 15, 2009  |  Read Full Article  |  Add Comment

AIG’s Reverse Stock Split

AIG to date has received a total of $182.5 billion in loans from the government.

AIG to date has received a total of $182.5 billion in loans.

The other day I woke up and not knowing anything about AIG or just how terrible the economy really is, I’d been passed a link clearly showing a jump in AIG from $1.16 per share to a breath taking $18.22. I almost dropped a deuce in my pants thinking I missed out on a great opportunity, wishing that I had some sort of sign…

July 2, 2009  |  Read Full Article  |  Add Comment
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