Wednesday, April 19, 2006
Numerous commentators have recently pointed out that the business models employed by GM and other United States automobile manufacturers have led to catastrophic financial losses over the last number of years (GM alone lost 10.6 billion dollars last year).
But apparently the impotence of GM does not stop there.
According to a report from Atlanta's WSB-TV.com:
Viagra, Cialis and other erectile dysfunction drugs are costing General Motors Corp. a hefty sum.
The company spends $17 million annually on such drugs, GM spokeswoman Sharon Baldwin said.
Although that's a small fraction of GM's overall health care costs, which in 2005 were more than $5 billion, company executives often use the example to illustrate what they said are out-of-control health care costs.
Brings a whole new meaning to stiff competition in the auto industry.
Hat Tip: Wasted Blog