A123 Systems, an electric car battery company once touted as a stimulus “success story” by former Gov. Jennifer Granhom, D-Mich., has laid off 125 employees since receiving $390 million in government subsidies — but is still handing out big pay raises to company executives.
“[T]he company has laid off 125 employees and had a net loss of $172 million through the first three quarters of 2011,” the Mackinac Center for Public Policyreports, observing [...]
