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Re: $11: GM Stock Falls Hard At Market Open On Goldman Downgrade
Quote:
Originally Posted by drew770
With a falling stock price, shrinking market share, no Wall Street confidence and a severe cash burn, Why is Wagoner still in charge?
When will the board ask for answers and solutions to these problems. This has to be the weakest corporate board in America.
Waiting on a miracle car to save all of GM (Volt) is not a solution.
Drastic times call for drastic measures and GM needs to have some balls to make real decisions.
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Perhaps the shareholders should be voting in a new board. Wagoner is far from the root of all GM's problems.
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