[Meyers notes that GM also is buffeted by macroeconomic winds that are damaging the company's bottom line and over which it has no control. Prices for steel, oil and plastics all have risen in recent years. GM also is burdened with legacy costs over which it has little control if it keeps its current promises to employees.] Health care is the one you hear most about -- and it's big, ... But pension costs are enormous too.

Gerald Meyers