GM Was Paying Dividends?
What amazes me is that GM was actually paying out dividends in the first place. GM has been in a crisis and making losses for several years now, so paying out dividends until now were highly irresponsible. I know there is a case for keeping dividends stable and not cutting them directly when profits fall or disappear temporarily, but given how long GM have been making losses, this decision to suspend dividends should have come a lot sooner. GM management appears to have had until now the same curious definition of "temporary" as the ECB board.