America, You Asked For It!

Political News and Commentary from the Right

How much did the “3 Little Piggies” make last year?

The 3 Little Piggies have ignored all the warning signs that pointed to the tanking of their

Three Little Piggies

Three Little Piggies

industry for years.  While Ford was working to restructure and make their business model competitive in today’s market, GM and Chrysler along with the UAW were closing their eyes, crossing their fingers, and hoping things would magically turn themselves around before the money ran out.

Now, we see these “3 Little Piggies” groveling to Congress and the President for us–the American taxpayers to bail them out of the mess they’ve made for themselves.  You heard the story about these CEOs flying to Washington in separate private jets to panhandle, but you might not realize just how much these incompetent CEOs made last year. 

So let’s check that out.

General Motors Corp. CEO Rick Wagoner received compensation worth $15.7 million last year according to this USA Today article.  That was a 64% raise over the previous year for setting his company up for failure.  Even more amazing is GM stock has lost almost 90% of it’s value since its 2007 peak AND GM lost $2.5 billion that year.

Man, I wish they’d pay me millions to lose their money!

Chrysler is no longer a publicly owned company, and CEO Bob Nardelli’s compensation package seems to be a closely guarded secret.  According to this WSJ article, he’s not actually being compensated at the moment, but will receive compensation when/if he turns a profit for Cerebrus Capital Management which owns Chrysler LLC.  Of course, he probably doesn’t need a paycheck right now because he most likely still has plenty of the $210 million he received as a severance package when he left Home Depot, Inc. in 2007.

Anybody else having trouble feeling sorry for these guys?

That leaves us with the UAW leader Ron Gettelfinger.  Apparently, he made a much more modest salary of ~$150,000.  But, he represents the workers costing the Big 3 automakers ~$70 per hour.  Even though he’s sitting alongside the other 2 Little Piggies begging for the government to hand over taxpayers’ money, he doesn’t want to make concessions to get it.  Quite a few taxpayers who make far less than that would probably take issue with using their taxes to maintain that standard of living for UAW members.

If these Three Little Piggies’ groveling for your money makes you mad as Hell, call and/or email the White House and let them know you don’t want them bailed out with your money!

Email the White House at comments@whitehouse.gov .

White House phone numbers: 

Comments:      202-456-1111
Switchboard:  202-456-1414
FAX:                  202-456-2461

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December 18, 2008 - Posted by | Bailout | , , , , , , , , , , , , ,

2 Comments »

  1. […] make last year? « America, You … Posted in December 18th, 2008 by in Uncategorized How much did the “3 Little Piggies” make last year? « America, You … If these Three Little Piggies’ groveling for your money makes you mad as Hell, call and/or email […]

    Pingback by » How much did the “3 Little Piggies” make last year? « America, You … White House On Best Political Blogs: News And Info On White House | December 18, 2008 | Reply

  2. […] guess this is good news for UAW workers who cost the auto companies ~$70 per hour and for the overpaid executives who’ve run these once great countries into the ground.  It’s not good for those of us […]

    Pingback by Lies, Misrepresentations, and Omissions from UAW « America, You Asked For It! | December 26, 2008 | Reply


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