Treasury Management

I found this site in January but was lucky to be safe in February. I recently left on my own accord so am no longer worries about retribution.

I worked in treasury and helped GM look over the finances. Im sure what Im about to say is not news to anyone but 14,000 people were laid off to make 9 people very rich. GM has been jiggering its EPS, earning per share, for years now and this party will not last forever. One large component of Executive Compensation at GM is EPS nowadays. We have been watching earnings closely and been buying just enough stock to beat just beat EPS targets for the past three years. MB stated that she wanted GM to be around for the next 50 years, ha, no, just for the next few years so she can cash in her options. 9 GM executives cashed in millions of stock options just days after the layoffs, probably laughing all the way to the bank. Bet it will be nice to know this the next time MB makes a speech at a plant.

Very sorry that so many people lost their jobs as a result. I feel guilty about this as well. Best of luck in your future endeavors and so long GM.,

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Who are the nine people?

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Yes absolutely all true, next time there is the " fireside chat" all people cattle call ask questions without fear and hold these monkies accountable.
The worst thing that will happen is you will get the evil eye and then laid off, if that happens then at least you will have proven integrity and balls.

Call up Roop Raj then!
Name the "9" people son!
Other than that it's fake and so are you
Grown set and expose them sans o beaches

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I feel you are correct, that CFO, what is it she really does?

I think this whole thing was driven by the new CFO. I think as long as she’s there, more layoffs/firings are coming, all with MB’s approval.

Agreed with the last post,
Let's just fire allot of people, destroy lives AND WE CAN GET SUPER RICH IN THE PROCESS! 👍
This is nothing new for sure, in this day and age it is very sad that it still continues but unfortunately I don't see this sick behavior stopping and time soon or in my lifetime.

This is not news. GM has been buying between $3 billion to $7 billion per quarter to buy back its own stock for the past few years - most likely to juice its stock price. Executives doing unethical things to make themselves richer is nothing new.

GM can do whatever they want. Heck, if they wanted to sell electric scooters that no one wants to buy, they can do it, oh wait...

Yes if this can be proved regarding financial number manipulation, inside trade info, etc. then yes let it out in the open. If no concrete evidence why bother, just move on. We all know where GM is heading long term & so far it's been brutal year for the auto industry in USA.

I also left GM around March and worked in the IT Finance group. Not a day goes by that I regret my decision. I've already made a million starting up a side business while working at GM & more and about to laugh my a– to the bank with the purchase of new real estate properties, stocks, and other investments.

Yeah so go to the news with it and show absolute proof of what you said here. PUT IT IN THE PAPER

Thread regarding General Motors layoffs

Treasury Management

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