Tuesday, November 18, 2008

The General's E.D. problem

In a previous post on the disposition of General Motors and a possible "bailout" I cited the fact that GM has legacy costs that have an effect on the bottom line, things the foreign competition just doesn't have to deal with.

Well, I read today that GM is the world's largest private purchaser of Viagra. No, you read it right. Is it any wonder why the cost of a Chevy is inflated. My God, I truly hope the next time I go to put my GM car into gear the stick shift lever doesn't go limp on me - how embarrassing!

Yes, Virgina, Viagra is written right into the union contract. During the last round of renegotiation's with the UAW regarding the co-pay GM was able to get it up to $18.