GM Shareholders Grill Wagoner Over Declining Market Share

joe1280 · 06-05-2007, 11:05 PM

GM Shareholders Grill Chairman Rick Wagoner Over Declining Market Share, Future Plans

WILMINGTON, Del. (AP) -- Their proposals all were voted down, but that didn't stop several dissident General Motors Corp. shareholders from grilling Chairman Rick Wagoner over the company's market share decline and plans for the future at its annual meeting Tuesday.

Although Wagoner opened the 2 1/2-hour meeting with a speech touting progress the company has made in its turnaround plan and on advanced technology, several shareholders expressed dismay at the pace, saying GM was in a crisis and the board has not moved quickly enough to demand change.

"In my opinion, this company has turned around so many times we're going in circles. And that circle is leading us right down the drain," said shareholder James M. Dollinger, of Flint.

LINK

GM-Joe · 06-06-2007, 12:42 AM

If a general blue collar uneducated person costing the company about $140K per year can not be ridden of, then of course the company will go down the drain. It takes more skill to operate a riding lawnmower than to screw in a bolt; things won't get better until UAW people get paid reasonably.

HoeyHimself · 06-06-2007, 01:07 AM

These shareholders are like squirrels...they need to get off Rick's nuts. I can understand concern, but I cant accept people who have zero patience. GM is in the midst of a huge turnaround...everything from the new exciting vehicles, the exciting division make overs, to the small stuff like the huge mainstream notice in film and music (Transformers..those Chevy ads are EVERYWHERE..Myspace,MTV..they are hitting the youth hard with GM goodness)..The turn around is happening, the largest kinks in the hose are within the UAW, IMO...not blaming them, but saying things need to change!

P.S.
Oh yeah...and stiff Toyota with a tariff

P.S.S
The Tundra is like a tranny(not the mechanical one)...it may look like it's got the equipment to do the job, but DO NOT BE FOOLED.

ronald mcretard · 06-06-2007, 01:18 AM

Quote:

Originally Posted by HoeyHimself

These shareholders are like squirrels...they need to get off Rick's nuts. I can understand concern, but I cant accept people who have zero patience. GM is in the midst of a huge turnaround...everything from the new exciting vehicles, the exciting division make overs, to the small stuff like the huge mainstream notice in film and music (Transformers..those Chevy ads are EVERYWHERE..Myspace,MTV..they are hitting the youth hard with GM goodness)..The turn around is happening, the largest kinks in the hose are within the UAW, IMO...not blaming them, but saying things need to change!

what are you talking about? if the turnaround isn't INSTANT; if GM doesn't sell 10 billion cars next week, then it's obviously hopeless and someone must pay!!!!!

redimpss5 · 06-06-2007, 01:22 AM

Cars are selling over seas!

LAMRONH · 06-06-2007, 01:30 AM

I was thinking Buickman might have been there.

HoeyHimself · 06-06-2007, 01:34 AM

Quote:

Originally Posted by LAMRONH

I was thinking Buickman might have been there.

He probably was without a doubt ha.

steve333 · 06-06-2007, 01:39 AM

Wagoner deserves to have his nuts baked. What has he done with small cars? What has he done with Buick? Why doesnt he elevate the content of his product to keep pace with the competition? (bluetooth, rear seat armnrests, telescoping steering wheels, more comfortable seats,etc?)
All they have to do is point to the Aveo and Cobalt and say 'What is your major malfunction?" Do you even look at the competition? Do you even notice sales trends?
Why do you keep changing vehicle names, Rick? LaCrosse? Lucerne?
There is plenty to get on his case about. Plenty.

appman · 06-06-2007, 01:40 AM

Quote:

Originally Posted by GM-Joe

If a general blue collar uneducated person costing the company about $140K per year can not be ridden of, then of course the company will go down the drain. It takes more skill to operate a riding lawnmower than to screw in a bolt; things won't get better until UAW people get paid reasonably.

Dumbest post of the year right here. So what you are saying is I am "uneducated", hmm that's strange considering I have a 4 year degree and graduated with a 3.4 dual majored in history/business from a NY private school? Yeah I must be stupid thank you for informing me I never knew that about myself. Or my father who graduated with a 4.0 in electrical in college and 2nd in his class in high school. Yes because we work in a factory we are lower than you. Screwing in bolts? I wish, you ever take a mulitmillion dollar machine apart and rebuild it? Here's a hint because I know you haven't-it's not easy. Another thing-NOBODY makes 140K a year, not even the general manager. Get off your high horse, you sir sound like the foolish uneducated snob.

PS-the UAW did not approve the Aztek(sp?), Vibe, nor did they cancel the Cobalt MCE, nor did they ignore the rising small car market-the all knowing excs did

vanshmack · 06-06-2007, 01:41 AM

Interesting notes from this article:

On one hand, they have targets for getting the Volt into production, but in the next sentence, he says "we're not obsessed with any time line for getting the car into production." Which is it, Rick?

On a positive note, it's nice to see them standing up to the global warming loonies and not destroying the business over the unproven theory of man-made global climate change.

vanshmack · 06-06-2007, 01:43 AM

Quote:

Originally Posted by LAMRONH

I was thinking Buickman might have been there.

Nahh! If he was, Wagoner would be hanging from the flag pole at the top of the Ren Cen.

He hates him THAT much!

HoeyHimself · 06-06-2007, 01:45 AM

Quote:

Originally Posted by vanshmack

Nahh! If he was, Wagoner would be hanging from the flag pole at the top of the Ren Cen.

He hates him THAT much!

He may hate him...but god damn it, he respects him. Actually no, he doesnt, I lied just there..he really would put the noose to him.

stormwatcher · 06-06-2007, 01:46 AM

Quote:

Originally Posted by LAMRONH

I was thinking Buickman might have been there.

Indeed he was. This is Buickman (AKA: James Dollinger) speaking in the following quote:

Quote:

"In my opinion, this company has turned around so many times we're going in circles. And that circle is leading us right down the drain," said shareholder James M. Dollinger, of Flint.

vanshmack · 06-06-2007, 01:50 AM

Quote:

Originally Posted by stormwatcher

Indeed he was. This is Buickman (AKA: James Dollinger) speaking in the following quote:

I don't believe it! The article did not mention an assassination attempt on Mr. Wagoner's life, so I have a hard time believing Buickman was there.

vanshmack · 06-06-2007, 01:51 AM

Quote:

Originally Posted by HoeyHimself

He may hate him...but god damn it, he respects him. Actually no, he doesnt, I lied just there..he really would put the noose to him.

LOL!

btw- Can officially join your club? I'm a member by default, but I'd like to support the cause by posting it in my sig.

06-05-2007, 11:05 PM	#1 (permalink)
joe1280 3.5 Liter V6 Join Date: Apr 2005 Location: Brick, NJ Drives: 1999 Monte Carlo Z34 Black Posts: 245	GM Shareholders Grill Wagoner Over Declining Market Share GM Shareholders Grill Chairman Rick Wagoner Over Declining Market Share, Future Plans WILMINGTON, Del. (AP) -- Their proposals all were voted down, but that didn't stop several dissident General Motors Corp. shareholders from grilling Chairman Rick Wagoner over the company's market share decline and plans for the future at its annual meeting Tuesday. Although Wagoner opened the 2 1/2-hour meeting with a speech touting progress the company has made in its turnaround plan and on advanced technology, several shareholders expressed dismay at the pace, saying GM was in a crisis and the board has not moved quickly enough to demand change. "In my opinion, this company has turned around so many times we're going in circles. And that circle is leading us right down the drain," said shareholder James M. Dollinger, of Flint. LINK

06-06-2007, 12:42 AM	#2 (permalink)
GM-Joe 5.3 Liter Vortec V8 Join Date: Jul 2006 Location: Columbus, Ohio Drives: 2007 Pontiac Grand Prix 1997 Saab 900 2.0 Turbo Posts: 1,431	Re: GM Shareholders Grill Wagoner Over Declining Market Share If a general blue collar uneducated person costing the company about $140K per year can not be ridden of, then of course the company will go down the drain. It takes more skill to operate a riding lawnmower than to screw in a bolt; things won't get better until UAW people get paid reasonably. __________________ Current: 2007 Pontiac Grand Prix 1997 Saab 900 2.0 Turbo(148,500 Sobbing Saab on blocks) 1987 Chevrolet Silverado 10 (retired 11/12/2007; 219,986 mi.) Dead: 1983 Datsun 280 ZX by Nissan (146,857 mi.) 1986 Lincoln Mercury Lynx (64K mi.) 1979 Chrysler Cordoba w/ Corinthian Leather seats (130K mi.) 1976 Dodge Charger (130K mi.)

06-06-2007, 01:07 AM	#3 (permalink)
HoeyHimself 6.0 Liter LS2 V8 Join Date: Jan 2006 Location: Ann Arbor, Mi Drives: 2003 Ford Mustang Posts: 4,534	Re: GM Shareholders Grill Wagoner Over Declining Market Share These shareholders are like squirrels...they need to get off Rick's nuts. I can understand concern, but I cant accept people who have zero patience. GM is in the midst of a huge turnaround...everything from the new exciting vehicles, the exciting division make overs, to the small stuff like the huge mainstream notice in film and music (Transformers..those Chevy ads are EVERYWHERE..Myspace,MTV..they are hitting the youth hard with GM goodness)..The turn around is happening, the largest kinks in the hose are within the UAW, IMO...not blaming them, but saying things need to change! P.S. Oh yeah...and stiff Toyota with a tariff P.S.S The Tundra is like a tranny(not the mechanical one)...it may look like it's got the equipment to do the job, but DO NOT BE FOOLED. __________________

06-06-2007, 01:22 AM	#5 (permalink)
redimpss5 6.0 Liter Vortec V8 Join Date: Jan 2003 Posts: 1,631	Re: GM Shareholders Grill Wagoner Over Declining Market Share Cars are selling over seas!

06-06-2007, 01:30 AM	#6 (permalink)
LAMRONH 7.0 Liter LS7 V8 Join Date: Nov 2004 Location: Caveville, Neanderthallande Drives: 2007 black KIA Spectra EX. Have club, will travel. Posts: 8,947	Re: GM Shareholders Grill Wagoner Over Declining Market Share I was thinking Buickman might have been there. __________________ The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance. Cicero (106 BC - 43 BC), 55 BC

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06-06-2007, 01:39 AM	#8 (permalink)
steve333 5.3 Liter Vortec V8 Join Date: Aug 2005 Posts: 1,497	Re: GM Shareholders Grill Wagoner Over Declining Market Share Wagoner deserves to have his nuts baked. What has he done with small cars? What has he done with Buick? Why doesnt he elevate the content of his product to keep pace with the competition? (bluetooth, rear seat armnrests, telescoping steering wheels, more comfortable seats,etc?) All they have to do is point to the Aveo and Cobalt and say 'What is your major malfunction?" Do you even look at the competition? Do you even notice sales trends? Why do you keep changing vehicle names, Rick? LaCrosse? Lucerne? There is plenty to get on his case about. Plenty. __________________ http://www.fairus.org http://www.usenglish.org

06-06-2007, 01:41 AM	#10 (permalink)
vanshmack 5.3 Liter Vortec V8 Join Date: Jan 2003 Location: People's Republic of California Drives: 2007 Tahoe LT, 1987 Buick Grand National Posts: 1,379	Re: GM Shareholders Grill Wagoner Over Declining Market Share Interesting notes from this article: On one hand, they have targets for getting the Volt into production, but in the next sentence, he says "we're not obsessed with any time line for getting the car into production." Which is it, Rick? On a positive note, it's nice to see them standing up to the global warming loonies and not destroying the business over the unproven theory of man-made global climate change. __________________ The new American reality where green is the new red. 2007 Chevrolet Tahoe LT 1987 Buick Grand National 1977 Camaro LT: Vortec 4.8/4L80-E Retrofit

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