Lazaris

Companies' Risk of Bankruptcy - Audit Integrity

Every one is talking about the "legacy costs" of GM retirees. Don't forget that GM has been building vehicles in the US for 100 years, and the "foreign transplants" have only been here for less than 20, therefore they have very few retirees. This will "flip flop" in the next 5-10 years as GM retirees die off, and are replaced with much younger workers, and the transplants start to get retirees.
Is the idea of just taking away the health care and pensions of GM retirees, so that they will die off all the sooner and GM will become more profitable faster? Gm retirees are dieing off everyday. GM will be hugely profitable in the coming years with the new workforce making just $14.00 per hour.