The Auto Industry

Do you, as a taxpayer, have any stomach for more bailouts? If you do, read this article in the Washington Post today about GM (of which you may be about to become a co-owner).

A spokesman for G.M., Tony Cervone, said Monday that the G.M. board remains supportive of Mr. Wagoner, who became G.M. chief in 2000 and added the chairman’s title three years later. Mr. Wagoner was paid about $24 million a year in 2006 and 2007 from a combination of salary, stock option grants and other forms of compensation. His 2008 base salary is $2.2 million.

“A solid management team is the most important thing you need in the time of a crisis,” Mr. Cervone said.

Don't know about you but I'm feeling better already. "A solid management team."

and worth every penny. As was the 24 billion dollars in dividends the failing GM has paid out over the last decade.