HerefordSire
Well-known member
HerefordSire":1d5fo371 said:Jogeephus":1d5fo371 said:I hate to show my ignorance but I quit watching the news or listening to it. Just got tired of it. Was bringing me down.
Do you have any idea how much money will be able to be repaid? Say in Chrysler's case.
I just slapped some GM stats in a post but for Chrysler.....last I heard several years ago was that is was owned by a German hedge fund, so I always ignored the company in all areas. I did not like it when an American corp got bought out by a foreigner.
No hard numbers but look what happened to my buddy Lee....
Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later.
Chrysler CEO Robert Nardelli told a U.S. bankruptcy court on Thursday that Iacocca's pension would be among the obligations Chrysler will no longer have to pay if it gets bankruptcy court approval to sell itself to a "New Chrysler" to be owned by its union, the U.S. and Canadian governments and Fiat SpA (FIA.MI).
http://news.yahoo.com/s/nm/20090529/bs_ ... er_iacocca