GM suspends dividend, cuts salaried employment costs, to increase liquidity by at least $15B (GM)
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General Motors Corporation (NYSE: GM) suspends dividend, cuts salaried employment costs by more than 20%. GM to increase liquidity by at least $15B
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Carla on Jul 15, 2008 04:00 PMGM has over 90% of its white collar management workers made up of white men. Having only white men in management can result in a greater loss of fresh ideas and perspective coming from diversity (American-Americans, Women, and Latinos). Also, GM pays its white men in management positions about 40% more than they need to. If they had more of a diverse workforce, this would open up the pool of candidates and GM could pay less plus have greater creative ideas to build business. Also, with 85% of women making the car purchasing decisions, diversity will help discover women's buying needs. A must buyer to please for GM.