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G.M. Retirees Weigh Buying Its Stock Again 11/14/10

http://www.nytimes.com/2010/11/15/business/15retiree.html?_r=1&scp=3&sq=retirement&st=cse

By Bill Vlasic & Nick Bunkley; The New York Times ~ Nov 14, 2010


DETROIT — John Christie, who worked for 36 years building Chevrolet and Cadillac cars, once thought owning General Motors stock was a safe bet.

 

Mr. Christie of suburban Detroit now says he cannot afford to make the same mistake twice.

 

He is among the thousands of G.M. retirees who are wrestling this week with one of the toughest, and unexpectedly emotional, questions of their retirement: after seeing their G.M. stock wiped out in bankruptcy last year, do they dare put the reorganized company’s stock back in their nest eggs?

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