In the corporate world, things run a bit differently than they do in normal life. Business executives are treated to private planes, expensive dinners and big offices. Not to mention massive bonuses. General Motors on the other hand, has taken things to the extreme.
GM is holding auctions in 14 different states to get rid of some old materials. The most recent auction happened last week and they’ve been taking place since September of 2009. What makes this story interesting is some of the various items that were up for auction, like an abandoned Indiana church and a New Jersey golf course. We can find you 1,000 companies that have private planes and large headquarters, but find us one with a church and a golf course.
The next auction will be held on November 4th at the Pontiac Assembly Plant, so if you’re in need of some random items, stop up and place your bids. Each winning entry will help GM address its $275 billion debt.