How

[Hookedagain]

I took an 8% cut in FY 2011 and they want another 5% in June for FY 2012.

[FishermanTim]

Isn't that the NEW american business model?
Waste capital on poontang, parties and pipedreams and then tell your employees that THEY have to take a cut because the profits are gone.

Small companies or large, in most cases if you cut out the wasteful spending and nepotistic hiring (you know, uncles, aunts, nephews, second-cousins twice removed.....from a bar) then maybe profits would be disappearing like a fart in the wind?

[Raider Ronnie]

Can someone confirm this ?
I was told GM has only paid the goverment some interest back of the 50bill given to them in the goverment bail out and not 1 penny of that actual 50 billion