General Motors’ (GM) outspoken vice-chairman Bob Lutz still isn’t sure what he thinks of GM’s new taxpayer-enforced frugality:
NPR: “I’ve never quite been in this situation before of getting a massive pay cut, no bonus, no longer allowed to stay in decent hotels, no corporate aeroplane. I have to stand in line at the Northwest counter,” Lutz says. “I’ve never quite experienced this before. I’ll let you know a year from now what it’s like.”
Better than bankruptcy, Bob?