Investing to Wealth

Filed under: General Motors (GM), Comic Relief

CableOrganizer.com recently announced that it had outperformed General Motors (NYSE: GM) by $21.2 in net income over the first nine months of 2008.

In a hilarious press release, senior vice president Paul Holstein noted that "Obviously we couldn't match their revenue, but we were able to beat them handily on costs and expenses. For example, we put off buying a fleet of Gulfstream G5 private jets. That, right there, saved us millions of dollars."

When asked what the secret was to their success, Holstein said that "It's important to spend less money than you make."

Unfortunately CableOrganizer is not publicly traded.

It's unfortunate that General Motors' profitability has been reduced to a source of cheap laughs, but at least we'll be getting something in exchange for our bailout.

CableOrganizer.com has some fun at the expese of GM originally appeared on BloggingStocks on Sun, 30 Nov 2008 10:10:00 EST. Please see our terms for use of feeds.