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Wagoner's got about a $20 million pension gathered over his career but what happens if GM goes bankrupt? You hear complaints about it but he's got no severnce and if his pension is lost if GM goes bankrput, he's as relatively in a bad spot as the rest of GM.
 

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He's guaranteed about $1 million but everything else could be lost if GM declares bankruptcy.

http://abcnews.go.com/Blotter/story?id=7208201&page=1

If GM is forced into bankruptcy, Wagoner could get much less, according to Dave Schmidt, an executive compensation analyst with James F. Reda and Associates. Less than $1 million of Wagoner's total $20.2 million pension package appears to be guaranteed if GM goes bankrupt, Schmidt said. Even if GM is to avoid bankruptcy, Wagoner may need to negotiate with the company's board to access all or part of the money in his pension fund.
"Most" of Wagoner's retirement benefits "will be paid out as an annuity over five years, the remainder is a small lifetime annuity," GM spokeswoman Julie M. Gibson said in an email earlier today. But in a subsequent "clarification" email after this story published, Gibson said that the terms of Wagoner's final compensation were not yet hammered out. "Specifics on any compensation entitled to, or actually paid to Mr. Wagoner are still being reviewed," she wrote.
 

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Who cares? If he loses his pension he'll be in the same spot as the rest of his company that he led. So what if the options are worthless, he's the leader, you get the glory but you have to also take the punishment. And he's already got enough money to live on just fine. The employees lose on every front.
 

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Who cares? If he loses his pension he'll be in the same spot as the rest of his company that he led. So what if the options are worthless, he's the leader, you get the glory but you have to also take the punishment. And he's already got enough money to live on just fine. The employees lose on every front.
+1 It was a long process of falling apart. Bad timing and the economic crisis is the nail in the coffin.
 

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Who cares? If he loses his pension he'll be in the same spot as the rest of his company that he led. So what if the options are worthless, he's the leader, you get the glory but you have to also take the punishment. And he's already got enough money to live on just fine. The employees lose on every front.
2nd. Executives have rigged the system so that they do well either way. Companies take private profits but put risk onto the public. This needs to stop big time or the country will fail. I don't see socialism though. 2% higher tax isn't socialism. Returning to the Reagan and Bush #1 years isn't socialism.
 

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Executives take success when things are going well, they should take failure when things are doing poorly. The auto industry is being treated worse than the financials and it's not fair. Those who profited most from the whole mess that we are in now, have already pocketed their money and will just end up working somewhere else. It's the whole attitude of greed and self centrism- I did well so I must be right. You didn't do well so you must be stupid.
 
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