Randall-L

7 Reasons Why the New GM Might File for Bankruptcy

Ms. Mathew must not know there are Toyota factories in the U.S. where their employees earn on average the SAME rate of pay (and in some cases more) as workers in U.A.W. represented U.S. auto factories. The U.A.W. has conceded benefits and two tier wage pay, which would bring total hourly wage and benefit compensation in line with foreign auto makers in the U.S.

Maybe that's why it wasn't brought up in bankruptcy - it was already dealt with.

Citigroup Slammed for Pay Hikes

"...Citigroup would be unable to give its employees higher base salaries. The best employees would leave for other firms..."

"...while it needs to retain top talent in order to ensure swift repayment of the TARP funds, and to become more competitive..."

I say let them leave. Where are they going to go? Good luck finding another job in THIS economy. There are plenty financial types out of work looking for jobs. And, I'm certain they are just a talented as any at Citigroup.