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It seems that the salary cap for The General’s executives and other salaried workers will continue to be in effect for at least another year. General Motors CEO Dan Akerson was quick to point out that this has to do largely with the rules set forth by the U.S. Government when they lent billions of dollars to the automaker. Now, Akerson is pushing for Treasury to relax the restrictions, so that key members of his team will not jump ship to other employers who can offer them more benefits. Continue reading.
Lee Godown on Twitter
As if GM’s corporate image wasn’t bad enough already, they go and do something that is sure to stir up a political rip-tide. If you recall, GM disposed (in a humane way of course) most, if not all of their lobbyists following the Fed’s bailout. Now it seems as though they’re settling comfortably right back into their old ways. How so?
GM hired yet another lobbyist which the American taxpayer will have to financially absorb. His name you ask? Why, it’s none other than Lee Godown from Public Strategies, Inc.
When asked what exactly he planned to lobby for, his response was the following
Issues relating to restructuring; funding for technology, science and energy initiatives; taxation relating to employee benefits, alternative minimum tax and alternative simplified credit; and border trade, competitiveness and market access.
If my memory serves me correctly, back in 2000 Lee Godown was Rep. Loretta Sanchez’s Chief of Staff until he left the position in 2007 to pursue other ventures. We will see how he does under GM’s thumb, along with GM’s other newly-hired lobbyists from ATT.
[Source: Washington Examiner]
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