OBAMA killed GM & hammered other companies
GM dealerships all over the country were closed for good...Jobs lost, etc. Sales taxes lost, etc.
IIRC-—OBAMA gave the “NEW” stock to the UNIONS.
Therefore-—the STOCK HOLDERS ARE THE UNION MEMBERS & THEY ARE SUING THEMSELVES.
IF a CEO gives up $10 MILLION in pay ——That becomes $66.66 a YEAR to each of 150,000 union members.
MATH IS HARD-—
Somehow, the government was able to change the priority during bailout. Unions and stockholders got priority over bond holders.