[jkr2106]

Originally Posted by wescoent

Better idea. Corporate re-shuffling.

Establish a GM Asset Management LLC holding company, then sell the GM brands to this new company for $1 each. They will be responsible for product design, product direction, brand management, and advertising.

In turn, they can spin off the various brands into independent or combined ops.

Then, establish Fisher Coachbuild LLC. They design the exterior and interiors for all GM products, and operate as a contract outfit for GM Asset Mgmt. GM Asset Mgmt pays Fisher to design products, but they will also accept bids from other private product design firms.

Then, take the remaining assets of GM, and rename them GM Assembly. Take existing GM stock, and give shareholders one share of GM Asset Mgmt, and Fisher Coachbuild. Then, have GM Assembly declare bankruptcy, and reorganize.

GM Asset Mgmt can then contract out the vehicle design and assembly to the lowest/best bidder for the contract work, allowing them to focus simply on managing the brands.

Wow I've never heard that scenario before; it seems pretty interesting. Could you identify any potential drawbacks to this plan?

BTW, are you in finance or corp. law? That sounds like a very I-banking-type response and a huge % of people from my school go into I-banking or Consulting. But needless to say, seniors are a little antsy this recruiting season.