Filed under: General Motors (GM)

In that latest sign that the company is desperate for cash, General Motors (NYSE: GM) is suing some of its employees and retirees, alleging that they improperly granted the company’s family discount to non-relatives, costing the company $450,000 in sales.

Now hold up: last month GM announced that it was extending the employee/family discount to everyone, and it’s simultaneously suing a handful of employees for extending the discounts to friends. Cognitive dissonance, anyone?

Given all of the problems the company has — like billions in losses and a rapidly deteriorating balance sheet — you’d think they’d have better things to do than chase down workers for a few thousand dollars in discounts. And then there’s the fact that it’s unclear whether GM really lost anything: would people have bought the cars without the discount?

It’s puzzling — and amusing — that GM is going after employees who did exactly what the company is doing, but on a much smaller scale.

But in the world of farce and inadvertent parody, GM is the gift that keeps on giving.

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This entry was posted on Tuesday, September 2nd, 2008 at 9:12 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.