Not sure where to go with this, other than to say that this is one reason why GM's healthcare coverage
is out of control. Snippet: The Detroit News reports that the ailing auto giant frequently uses Viagra and Cialis as an example of the problems it has bringing costs down. GM spends a total of $5.6 billion on healthcare.
On a related note, GM posts a $323M loss for the first quarter ...
Snippet: The loss of 57 cents per share for the January-March period was narrower than a loss of $1.3 billion, or $2.22 per share, in the first quarter of 2005.
GM said revenues were up 14 percent to a record $52.2 billion from $45.8 billion a year ago, thanks in part to strong sales in Asia and Latin America, the sale of a stake in Suzuki Motor Corp. for $317 million and improvements in North America, including better pricing.
"The first quarter represented an important milestone in GM and GM North America's turnaround," GM Chairman and Chief Executive Rick Wagoner said in a statement
GM said revenues were up 14 percent to a record $52.2 billion from $45.8 billion a year ago, thanks in part to strong sales in Asia and Latin America, the sale of a stake in Suzuki Motor Corp. for $317 million and improvements in North America, including better pricing.
"The first quarter represented an important milestone in GM and GM North America's turnaround," GM Chairman and Chief Executive Rick Wagoner said in a statement
once_for_all says:
01:24 PM, 04/20/06
Bob, I am glad you didn't go anywhere with this one. The most polite thing I can think of is that maybe GM should hire more women.
This deal, and Ford's contributions to gay groups, really give pause to wonder what is going through the minds of corporate america.
John
mirth says:
09:16 AM, 04/21/06
And we wonder why there's a health care cost crisis. Sigh.
ateixeira says:
09:54 AM, 04/21/06
Are we sure they didn't mix up the budget line item for "Viagra" with "Vitara", the Suzuki model? LOL
bk079 says:
01:47 PM, 05/10/06
I just don't know what to think about this. I love GM... but this makes the company seem so stupid..
and I did NOT know Ford gay money to gays.. that's weirdddd