| Name: |
rude evin
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| Subject: |
GM CEO told to resign...
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Date:
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3/29/2009 9:25:12 PM
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Ok, so Pres BHO has told CEO Wagner to resign.........let's see who would be a good replacement????????????????.........why not ole Franklin 'Fannie Mae' Raines, he already knows how to play the Gov't game! Time to be afraid for our capitalist system if you haven't had a clue up til now.
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| Name: |
GoneFishin
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| Subject: |
GM CEO told to resign...
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Date:
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3/29/2009 10:54:13 PM
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They need someone for a 6-12 months to get them lean and mean. 3 names who would shake them up--------investor Kirk Kerkorian, Ross Perot, or Lee Iacocca.
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| Name: |
rude evin
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| Subject: |
GM CEO told to resign...
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Date:
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3/30/2009 12:12:51 AM
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You may be right as far as a personality goes, however, I don't think the 'cure' is more bailout. Last week I just voted with my dollars for a 2009 Ford.........partly because I've had better experience with Ford than GM.........partly because Ford said no-thanks to Gov't bailout.........and partly because i want Ford to succeed because they said no-thanks. I believe the free enterprise system works best in most cases when failure is allowed to happen when the company doesn't satisfy what the 'market demands'. A stronger substitute will emerge to take the place of GM.
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| Name: |
water_watcher
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| Subject: |
GM CEO told to resign...
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Date:
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3/30/2009 5:55:48 AM
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You are going to put someone Iacocca is 84 ... yeah he is going to take the job.
They should have allowed GM to go bankrupt long ago. The union needs to get the message that it can not be business as usual. The union put them in this uncompetitive stituation with their unrealistic pension and benefit requirements, not to mention labor cost and work restrictions. They have blocked automation without job guarantees that would have allowed them to compete on cost and innovation.
Keeping GM alive does not sell any more cars. Just spreads the pie. Go bankrupt, slim down, get out of the union pension deal, force union concessions for the businesses they keep. If the union does not agree, shut down the factory. That worked for the steel workers in the 80's and now we have a healthy competitive steel industry.
The steel workers union you used to cry about Japanese steel dumping in the US and wanting government protection. That was not the problem. Now they are competitive and there is no more crys for protectionism.
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| Name: |
MartiniMan
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| Subject: |
Know what those 3 would do?
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Date:
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3/30/2009 8:35:59 AM
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They would move GM into Chapter 11 bankruptcy so they can get out of all the legacy costs and return the company to long-term viability. The fact is GM is a structurally bankrupt company and all federal bailouts are going to do is delay the inevitable at great cost to the taxpayers.
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| Name: |
Talullahhound
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| Subject: |
Know what those 3 would do?
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Date:
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3/30/2009 10:01:02 AM
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They are still duplicating lines among their companies. They need to restructure. Insisting that the CEO resign is just window dressing. If they don't restructure it will be just throwing more money at no solution.
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| Name: |
MartiniMan
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| Subject: |
Amen sister!
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Date:
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3/30/2009 10:23:29 AM
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| Name: |
cobra
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| Subject: |
This is sicking
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Date:
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3/30/2009 9:56:43 PM
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Despite being forced to resign, Wagoner, a 32-year GM veteran, is slated to receive $22.1 million in pension benefits paid over his remaining years, $535,000 in deferred compensation and $367,000 in vested performance awards, according to GM's current annual report. Wagoner, 56, became the company's president in 2000 and its CEO in 2003.
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| Name: |
Talullahhound
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| Subject: |
This is sicking
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Date:
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3/31/2009 8:27:57 AM
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I heard that on the news last night. It's pretty amazing in a disgusting kind of way. Guess he's not going to have to worry much about being out of work.
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| Name: |
MartiniMan
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| Subject: |
Is it?
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Date:
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3/31/2009 8:46:27 AM
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Y'all assume Waggoner was the problem with GM and was not a good CEO. From everything I read about him he was well respected and seen as an effective CEO. You need to do a little research into the structural problems at GM that were a result of decisions made over the last 50 years before you throw him under the bus. I don't think any CEO could effectively cope with that incredible anchor around their neck.
But now we have Obama running GM so we will see how he does. I can almost guarantee you it will not work and they will be back at the government trough ala the SNL skit. The difference is that Obama has really backed himself into a corner. If he pulls the plug on GM down the road he will be held responsible for the 50,000 to 75,000 employees that will lose their jobs, many of them union. He is already getting heat from them about his statements yesterday that tanked GM stock and the markets.
And finally, if that is the contract between GM and Waggoner then he deserves the money. Don't blame him, blame the board.....oh, wait a second, they have all been replaced by the Obama administration so they are not even there anymore.
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| Name: |
rude evin
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| Subject: |
Is it?
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Date:
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3/31/2009 8:50:56 AM
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That is why it is now called.......Government Motors.......
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| Name: |
Swimmer27
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| Subject: |
Is it?
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Date:
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3/31/2009 10:08:00 AM
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Lets compare GM with GE. GM has legacy costs and union contracts that have been an albatross for decades. GE has a neglible legacy costs in comparison. Both have seen their stock prices tank. GM never broke any laws by trading with terrorist nations that were banned from trading by with the US by law. GE did and continues too, even selling nuclear technology to Iran. These are just two of many circumstances that come to mind. Immelt detroyed GE almost single handedly.
GM CEO fired. GE CEO, appointed to Obama administration.
Just one of the things that makes me go hmmm.......
I would bet my bottom dollar the the UAW wanted a new CEO at GM
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| Name: |
Talullahhound
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| Subject: |
Is it?
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Date:
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3/31/2009 11:01:31 AM
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I'm not saying that he shouldn't be paid it, if that is what his contract stated. But again, the public face on it shows another CEO being "rewarded" for heading up a failing company.
Now, is it all his fault? Probably not. But when you are the CEO and the bad things reach a boiling point on your watch, then you are to blame. That's why they get paid the big bucks... when the news is good, they get to take the credit; and when they are bad, they take the blame.
I think his being forced out is just "window dressing" -- unless of course, he folded his arms and said that there wasn't anything more that could be done.
At one point in my career (1989-1995) I did a lot of business with the big defense contractors in Detroit -- builders of tanks. I have to say that they did some of the dumbest things -- things you wouldn't expect big companies to do. And when it went to h*ll, they cried louder than anyone. It just defied common business sense. Now, I don't know about the car manufacturers, but it makes me wonder.
But, now that the government will fix my car if it goes bad, I think I'll go by a GM product today... Do you suppose they'll turn Anniston Army Depot into a car repair facility?
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| Name: |
MartiniMan
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| Subject: |
Is it?
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Date:
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3/31/2009 2:29:38 PM
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I know you're not saying he shouldn't be paid but lets see what Congress tries to do to him ala the unconstitutional tax on AIG bonuses.
I am also not saying he shouldn't be held responsible, maybe he should have resigned months ago. But I think he has probably done as much as anyone could given the circumstances. What I find comical (in a demented sort of way) is that Obama wants GM to stop selling trucks and SUVs in favor of smaller vehicles and yet all the profit generated at GM, Ford and Chrysler comes exactly from those bigger vehicles. They lose money on all the others.
Anniston is a great choice although if you don't mind a little rad contamination there is lots of extra space to Oak Ridge. Can you believe he said that about the warranties?!? If you would have asked me before the election if he would over reach this much into the private sector even I could not have imagined where we are and where we are heading.
In a lot of ways I feel for middle of the road voters who took the chance on the hope that his past was not an indication of how he might govern. It appears that he overtly misled the American people.
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Pretty strange considering that trucks and SUVs have been their core business. So I guess he'll let Ford continue to do those.
I personally think that if they had GMC do their trucks and SUVs, and Cadillac do their luxury, Chevy could concentrate on their mid-level and smaller cars. Buick? I don't know, maybe they would have to go away. I just don't think they can continue to have so many of each type, with nothing really different but te name plate. If you go to the websites and look at the various modesls, there isn't much difference -- and certainly not so much that consumers can keep the models straight.
I think it's initially going to be a hard sell on the electric cars which means the prices will be high. The engineers who worked for me all embraced the hybrids when they came out, so maybe folks will love them after a while. Just pull into the parking garage at work and plug your car in.
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| Name: |
au67
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| Subject: |
Parking garage?
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Date:
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3/31/2009 5:16:05 PM
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What percentage of people who work have a parking garage?
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| Name: |
water_watcher
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| Subject: |
Parking garage?
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Date:
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3/31/2009 5:41:43 PM
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Across the country .... a very high percentage when you consider the cities with the highest population. I would agree not at lake martin ... but surrounding cities in Atlanta, Birmingham, Montgomery, it would be very common.
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| Name: |
Talullahhound
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| Subject: |
Parking garage?
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Date:
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3/31/2009 7:27:33 PM
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Exactly what I was thinking when I wrote that.
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| Name: |
Summer Lover
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| Subject: |
Parking garage?
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Date:
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4/1/2009 4:40:29 PM
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Electric cars... Just thought about it - I guess the Feds will mandate charging facilities at businesses too.
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