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Originally Posted by jkr2106
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.
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I-bank, JPM Chase.
Specific downsides? Aside from the union being busted, massive layoffs, it's incredibly cruel and borderline unethical, and the fact that GM management doesn't have the stones to do it?
It's only a basic framework of a plan that I would need to develop more in-depth. It's a concept of creating a bad asset holding company, spinning off the good parts, and letting the bad part sink. I've done it before, and holy heck does it make people mad.