GM cuts dividend in half, reduces exec pay

[...]
The announcements came a day after a top aide to billionaire investor Kirk Kerkorian was elected to GM's board. Last month, Jerome York outlined tough measures to bring the company back to profitability, including halving GM's dividend, cutting executive pay and setting profitability goals.

"These are difficult decisions that involve sacrifices by our employees, stockholders, retirees and the senior leadership team," GM Chairman and CEO Rick Wagoner said in a statement.

"However, we are confronting a dramatic change in our industry and in the global competitive environment, and that requires us to look for additional ways to reduce financial risk and improve our competitiveness for the long term."
[...]

Okay, boys. Now retool to rebuild fuel efficient cars (and parts) on American soil and pay your workers a living wage with full benefits including health care and pensions. They'll be so happy they'll make sure you're competitive.

But that would be revolutionary under the current corporate world state, a regular insurrection.

Globalization does not work for anyone except the handful of billionaires who own the planet. But it works very well for them
Tax payer financed elections NOW.