GM Inside News Forum banner

NYT: "The top executives of the car companies should be required to step down."

4K views 62 replies 44 participants last post by  AMcA 
Re: NYT: "The top executives of the car companies should be required to step down."

Right, because what will really help now is wholesale change in management. If everyone in charge has no idea what's happening then things will go very smoothly. :rolleyes:

I support the limits in pay. The golden parachute matters less because clearly Wagoner isn't going anywhere. For the team running GM, their legacies and their hearts are tied to GM, otherwise they would have left long ago.

Now reality:

Clearly GM is going through the biggest challanges they have ever faced, and they have virtually no one and nothing on their side; not the economy, not gas prices, not perception, not the media, not the gov't, not consumers, not enthusiasts (we rip them every chance we get), and not the dealers (Buickman).

We know their recent products have been well produced and well received. And we know that a lot of new (and good) stuff is coming out starting in 2010, and we know the labor contract savings will kick in as well. GM has bet the farm that those products and the UAW savings will turn things around. If they're wrong, then GM will collapse. The bet has already been placed. No one can do anything any faster then 2010, so bringing in new people won't change anything.

GM has no money. Virtually every car and update is on hold. The only job that Wagoner & Co. have is to stay in business until 2010. If you brought someone else in, they would do they exact same things.

We will continue to read and gasp at every market twist and turn between now and 2010. But realize that nothing can happen to turn GM around before then. It's 2010 or bust.

I, for one, hope they make it.
+1, well said.
 
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top