While its auditors are busy expressing doubt about the company's ability to continue as a going concern, General Motors Corporation (NYSE: GM) announced that it will not be using its company suites at the NCAA's Final Four basketball event. The seats are part of the sponsorship package, but GM is now talking with the NCAA about what to do with the suites.This is a relatively small example of the kind of wasteful spending that GM engaged in, with private jets and excessive executive compensation being better examples.
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