Friday, August 13, 2010
Michael Moore on GM's New CEO General Motors is installing a new CEO after posting a $1.3 billion quarterly profit.
Michael Moore on GM's New CEO
General Motors is installing a new CEO after posting a $1.3 billion quarterly profit. But Michael Moore, writing exclusively for The Daily Beast, says most American CEOs don't want to improve the economy—and hiring isn't around the corner. And what's true for GM is true for the country, he says: The government stepped in with trillions of dollars in cash and guarantees to keep Corporate America from collapsing due to its own stupidity, short-sightedness and greed—but GM has only hired back 2,000 workers in America. What the bottom line says, Moore argues, is that the entire business world has figured out how to make huge buckets of money without hiring us to work for them.
Read it at The Daily Beast
so are we all