Quote:
Originally Posted by vcs2600
Bah, Wagoner is cheap because he's a company man with no results. Anybody who would replace him would command a much much higher paycheck.
Speaking of which, I can't imagine the board has let the stock run down this far without seriously considering replacements. Wagoner better be interviewing for his own job at this very moment.
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I beg to differ!!! Wagoner seems like the teflon CEO!! GM's board has been weak and slow when it comes to influencing Wagoner & Co. to turn this ship around.
Wagoner has had his time and we thank him for the new UAW contracts but the bad outweighs the good.
Wagoner & Co. lack vision and are stuck in the past. Rick has GM playing catch up continuously. Never taking the lead but always the follower.
And without the success of the Prius then the Volt would still be on the cutting room floor.
At this point customers, Wall Street and the industry are looking for GM to do something smart and dramatic.
Maybe dumping Hummer, maybe bring the Chevy Beat to the US and maybe doing this or doing that is not going to cut it.
Back in the late 90s Business Week had a cover story on GM and how GM needed to trim products, plants and brands!! And since then GM has been going down the tubes with little or no changes.
They got rid of Oldsmobile but added Hummer? GM got itself invested in Fiat and then got cold feet and had to pay billions to get out of the partnership.
GM has sold damn near everything under the roof and still has liquidity issues.
Time for a change!!