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04-10-2006, 06:11 PM
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#1 (permalink) |
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3.8 Liter Supercharged V6
Join Date: Oct 2005
Location: Texas
Drives: Long Time Chevy Driver
Posts: 672
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GM drama: We almost lost Rick
GM drama: We almost lost Rick
Wagoner sought GM board backing -- and got it Jamie LaReau | | Automotive News / April 10, 2006 - 6:00 am  AdvertisementDETROIT -- When General Motors' board of directors issued an April 3 press release noting its support for CEO Rick Wagoner, the bland statement offered no hint of the board's behind-the-scenes drama. On Sunday, April 2, Wagoner had asked the board for a vote of confidence. Had he failed to receive that endorsement, he was prepared to resign, says a source familiar with the board's deliberations. During its Sunday meeting, the board met to approve the sale of General Motors Acceptance Corp. After they wrapped up their discussion of GMAC, the company's outside directors gave Wagoner the endorsement he had requested. (story continues at link) http://www.autonews.com/apps/pbcs.dl...5/1003&refsect= |
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04-10-2006, 06:24 PM
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#2 (permalink) |
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7.0 Liter LS7 V8
Join Date: Dec 2003
Location: DC Metro Area
Drives: 58 Belvedere;
61 LeSabre; 96 Fleetwood; 07 SRX
Posts: 8,495
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Re: GM drama: We almost lost Rick
I'm not going back, the other kids don't like me
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Used to own: 1959 Cadillac Series 62, 1960 AMC Rambler Six, 1998 Chevrolet Malibu, 2000 Saturn LS2, 2005 Chrysler 300C, 2006 Pontiac G6 GTP |
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04-10-2006, 06:42 PM
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#5 (permalink) | |
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7.0 Liter LS7 V8
Join Date: Jun 2005
Location: Florida
Drives: 1986 Chevrolet Monte Carlo SS, 1996 Jeep Grand Che
Posts: 9,499
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Re: GM drama: We almost lost Rick
Quote:
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 1986 Monte Carlo SS, 1996 Jeep Grand Cherokee Laredo |
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04-10-2006, 06:46 PM
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#8 (permalink) |
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3.9 Liter V6
Join Date: Oct 2004
Location: SoCal
Posts: 994
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Re: GM drama: We almost lost Rick
This makes sense to me. I'm sure he'd been hearing grumblings and wanted to call everyone out and make sure he wasn't wasting his time. If he's trying to implement sweeping change, nothing will work unless the other board members back him. Not to mention that rumors would only further hurt the stock and morale even further. So he put it to rest quickly.
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Blah blah blah....green green green....global warning....blah blah....carbon footprint....green green....blah blah....catch phrase...talking head...blah blah blah |
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04-10-2006, 06:57 PM
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#9 (permalink) | |
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7.0 Liter LS7 V8
Join Date: Jun 2003
Location: Atlanta
Drives: pickup truck
Posts: 5,379
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Re: GM drama: We almost lost Rick
Quote:
Lutz is a car guy. That would be like me running the company. I would get too emotional and dedicated to the product, and not to everything else that goes with running the company. Its the exact opposite of what GM has now. They need to find a businessman who knows and loves cars...thats hard to find.
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  Answer Toyota's FJ and 4Runner...BRING BACK A ZR2 BLAZER!!!!
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04-10-2006, 07:21 PM
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#10 (permalink) | |
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6.0 Liter Vortec V8
Join Date: Dec 2003
Location: UF & JAX
Posts: 1,919
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Re: GM drama: We almost lost Rick
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04-10-2006, 07:32 PM
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#11 (permalink) | |
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2.2 Liter ECOTEC
Join Date: Oct 2003
Location: Farr West, Utah
Drives: 2006 Silverado LS Crew Cab
Posts: 87
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Re: GM drama: We almost lost Rick
Quote:
Wait, wait, wait.... The exact opposite of what GM has now? My knee jerk reaction to that is "What a wonderful idea..." |
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04-10-2006, 07:32 PM
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#12 (permalink) | |
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3.5 Liter V6
Join Date: Oct 2004
Posts: 240
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Re: GM drama: We almost lost Rick
Quote:
Nissan's problems are no where near as complex as GM's. Ghosen might have been somewhat successful at nissan but he would fail miserably at GM. Where is Nissan's quality ratings? The cars have style but thats about it. How many different motors? 2 Come ON! I am tired about hearing Carlos running GM, Rick is the best man for this job because he has already done how much, look at what he has done overseas, his mgmt. team, the huge obstacles he had to overcome, GM is a huge ship and it needs time to turn around but once it does and proceeds on its path, nothing will stop it. I'll give Rick 3 more years to finish his plan, thats it, by then the new pickups will be out and running, lambas, zetas in full swing, hybrids in many models, new caddys, buicks and pontiacs and saturn will be kicking butt. Many people might say this is a bad time for GM but I think it is a great time, look at all the new product, its really good and its getting better with every new vehicle. |
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04-10-2006, 07:41 PM
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#13 (permalink) |
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6.0 Liter Vortec V8
Join Date: Jul 2004
Posts: 1,619
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Re: GM drama: We almost lost Rick
No wonder Ricky is all arrogant about how he thinks no one knows the business like him. He unmasked the board of good-for-nothings to be the fools they are. Still, he shouldn't intrepret that as an endorsement, more like a "we don't have anyone else at this moment."
Ghosn is too busy running Renault-Nissan. Not to mention that he has ruined Nissan quality. Still, Rick, stop playing political maneouvers and work on stopping GM's losses and on improving quality of cars. |
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04-10-2006, 08:19 PM
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#14 (permalink) |
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6.0 Liter Vortec V8
Join Date: Jan 2003
Posts: 1,592
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Re: GM drama: We almost lost Rick
The GM board is incompetent. Look at their backgrounds. They have no knowledge of the auto industry among them. Some will argue that this is not needed in a board, but I believe some knowledge of the auto industry is needed badly.
Mark |
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