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Old 11th Jan 2009, 18:14
  #431 (permalink)  
Momentary Lapse
 
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Thanks MM. By which I mean money that doesn't have to be spent, yet the company will keep going: mgmt bonuses, gallivanting away days, new company cars etc. rather than say rent, maintenance, snow clearing etc. which have to be paid or else the business stops.

Any discretionary expenditure could be returned to shareholders as extra divident without hurting profits or the business' effectiveness.

So in that sense, the taxpayers of GM are paying mgmt bonuses.
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