Quote:
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Despite posting the third-worst loss in its 100-year history, General Motors Corp. seemed Friday to have Wall Street's confidence that recently announced plans would be sufficient to carry the company through to better times in 2010.
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- (From the article & also the quoted section on the starting post of this thread).
I am wondering if this 3rd-worst (record?)loss along w/the other 2 high losses were within the last 7-8yrs? Therefore having happened under Wagoners'
leadership.
Quote:
Originally Posted by 1931Chevy
The problem as I see it is that for how long have they been making cuts so that the looses dont look that bad , 5, 6 years now
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I think they have been making cuts since things started getting bad over the last 5-7yrs & this is also while Wagoner has been CEO.
On both counts, not good. The Board/Bystanders of Directors should wake up & smell the burning coffe, if you take my meaning. Rick Wagoner needs to go & NOT replaced w/another beancounter!!