Green is a color, the perception of which is evoked by light having a spectrum dominated by energy with a wavelength of roughly 520–570 nanometers. In the subtractive color system, it is not a primary color, but is created out of a mixture of yellow and blue, or yellow and cyan; it is considered one of the additive primary colors. On the RGB color wheel, the complement of green is magenta; a purple color corresponding to an equal mixture of red and blue light. On a color wheel based on traditional color theory, the complementary color to green is considered to be red.
Fade to RED
An electric car battery company once touted as a stimulus "success story" by former Gov. Jennifer Granhom, has laid off 125 employees since receiving $390 million in government subsidies -- but is still handing out big pay raises to company executives.
The company, A123 Systems, had a net loss of $172 million through the first three quarters of 2011. However, A123’s Compensation Committee approved a $30,000 raise for Chief Financial Officer just days after the U.S. Energy Department had cut off what was left of its $528.7 million loan it had previously received.
This month has seen significant pay boosts for other A123 executives, as well:
VP of the energy solutions group, got a 20.7 percent pay increase going from $331,250 to $400,000, VP of the automotive solutions group, saw a pay increase from $331,250 to $350,000. CFO raise was 8.5 percent, going from $350,000 to $380,000.
The Department of Energy gave the battery company $249.1 million in grant money, while the Michigan government provided A123 with another $141 million in tax credits and subsidies.
Grants are not benefits or entitlements. A grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Federal grants should not be considered federal assistance or loans to individuals.
Ha Ha Ha, and the Boogie man only plays at night.
No comments:
Post a Comment