"Dad" <knockers@[EMAIL PROTECTED]
> wrote in message
news:gMCdnfh76_UFuy7anZ2dnUVZ_rKtnZ2d@[EMAIL PROTECTED]
>
> "CardsFan" <me@[EMAIL PROTECTED]
> wrote in message
> news:fov0uh$tpi$1@[EMAIL PROTECTED]
>> "Sal" is very definition of a troll. He'll post here once in a while
>> when he can find something he knows will elicit a response. If no one
>> replies, the thread dies. (Does that sound too much like Johnny
>> Cochran?)
>>
>> The current management team is better than they've had in a while and
>> will need more time to retune the company toward profitability.
>
> Not buying that, unless you mean they are better at padding their salary
> by cutting cost.
>
>>GM is turning around. It is (slowly) getting a handle on labor and
>>health-care costs,
>
> Again by squeezing the promised benefits from those that they can while
> loading up on their perks and bonuses.
>
>> it's trying to reduce the number of models and brands, it's designing
>> better, sometimes award-winning, cars and trucks. Some factors are
>> outside > its control, like the overall economy. Yes, they should
>> probably have foreseen the move away from large SUVs and trucks to more
>> fuel-economical vehicles. With the US mortgage meltdown, it has turned
>> out to be serendipitous that they sold off half of GMAC.
>>
>> The $38 billion figure trumpeted by "Uncle Vito" was almost all a
>> non-cash charge to write down the value of deferred tax assets. One
>> would suggest he > learn to read and understand financial statements.
>> For the year, both globally and in North America, the actual loss from
>> automotive operations was quite a bit smaller than an year ago.
>>
>> One other thing - GM leads the Dow companies, with a 9% increase in its
>> stock price so far this year.
>
> How many employees do you think paid for that bonus play?
You don't need to convince me that the top management makes too much
money,
but it is no more egregious at GM than it is as many other large
corporations. I fully agree that corporate bigshots are waaaaay overpaid.
But in a global automobile market, so, now, are American line workers.
Protectionism sounds great in principle, but it doesn't work in the long
run. I suspect the Japanese are sweating bullets over Hyundai. I'd guess
in 10 years the Koreans will be sweating bullets over the Chinese or
Indians.
Further down the thread, others are hollering about GM mistakes back in
the
60s and 70s when the car market wasn't global. GM is actually doing
fairly
well outside of North America.
If you were running GM, what would you do? Just remember this - money
runs
the game.
My best,
AJM
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