Robert Scoble Says Gms Ceo Needs To Be FiredI Agree, Seriously
Although Robert Scoble just wrote an article about how GMs CEO ought to be fired in jest, I actually agree that the car maker needs to be shut down for good which would encompass his staying layed away from permanently.
Initial permit me start out away by stating that in a very moment of infinite stupidity I invested in GM before the restructuring. Thats why I obtained all of these lovely chapter 11 courtroom paperwork detailing just how badly GMs management wasted billions of tax payer money. Not from a person nation, the US, but from two. Canadas federal government through EDC(Export Improvement Canada) also funneled tens of billions of money from employees EI(Work Insurance coverage) resources to GM to keep the CAW alive, which finally proved being the improper point to complete.
Am I bitter about GM offering prevalent share holders and tax payers all through north America the boot within a personal bankruptcy although they enjoyed large half a dozen figure salaries and all cost paid back accounts? Noooooooooooooooooo.. (just kidding I am mad, quite mad)
For individuals who dont know typical shareholders are wiped out in the personal bankruptcy of a publicly traded business even though bond holders obtain the alternative to negotiate or liquidate the corporate. With this circumstance the attachment holders have been the US and Canadian governments so the minor man obtained no likelihood in the least of recovering.
So lets neglect all that nasty stuff GM did for a 2nd. Allows think about the newest GM, and its nostalgic Youtube commercials. What may be greater than the newest GM? I even interviewed the phone developer at GM on online video at the Yahoo I/O 2010 event to learn extra about how geeky the Volt is.
The problem is always that they largely are underneath identical management. Individuals including Chuck Stevens, Diana Tremblay and most in the other those that helped drive GM into the ground though finding lavish salaries for doing so are nonetheless there.
The foreseeable future of compacts solely run on electric fuel outfitted with Yahoo expertise remains to be a perfect. Albeit a aspiration that Bing is working very difficult at apparently with Toyota. The two leaders in subsequent gen cars are not GM, but the usual suspects. Toyota with its investments in Tesla engineering and partnerships with Bing, and Nissan using the Leaf.
GM is there. It repaid its somewhat little personal bankruptcy restructuring financial loan. It exists, why not invest in a automobile from it? Just due to the fact. Oh yeah, its geeky($50,000 in marketing term spending budget gone) now. I forgot. There may be your determination. And just think of your nostalgia you'll have seated within a bubbly new Camaro.
Initial permit me start out away by stating that in a very moment of infinite stupidity I invested in GM before the restructuring. Thats why I obtained all of these lovely chapter 11 courtroom paperwork detailing just how badly GMs management wasted billions of tax payer money. Not from a person nation, the US, but from two. Canadas federal government through EDC(Export Improvement Canada) also funneled tens of billions of money from employees EI(Work Insurance coverage) resources to GM to keep the CAW alive, which finally proved being the improper point to complete.
Am I bitter about GM offering prevalent share holders and tax payers all through north America the boot within a personal bankruptcy although they enjoyed large half a dozen figure salaries and all cost paid back accounts? Noooooooooooooooooo.. (just kidding I am mad, quite mad)
For individuals who dont know typical shareholders are wiped out in the personal bankruptcy of a publicly traded business even though bond holders obtain the alternative to negotiate or liquidate the corporate. With this circumstance the attachment holders have been the US and Canadian governments so the minor man obtained no likelihood in the least of recovering.
So lets neglect all that nasty stuff GM did for a 2nd. Allows think about the newest GM, and its nostalgic Youtube commercials. What may be greater than the newest GM? I even interviewed the phone developer at GM on online video at the Yahoo I/O 2010 event to learn extra about how geeky the Volt is.
The problem is always that they largely are underneath identical management. Individuals including Chuck Stevens, Diana Tremblay and most in the other those that helped drive GM into the ground though finding lavish salaries for doing so are nonetheless there.
The foreseeable future of compacts solely run on electric fuel outfitted with Yahoo expertise remains to be a perfect. Albeit a aspiration that Bing is working very difficult at apparently with Toyota. The two leaders in subsequent gen cars are not GM, but the usual suspects. Toyota with its investments in Tesla engineering and partnerships with Bing, and Nissan using the Leaf.
GM is there. It repaid its somewhat little personal bankruptcy restructuring financial loan. It exists, why not invest in a automobile from it? Just due to the fact. Oh yeah, its geeky($50,000 in marketing term spending budget gone) now. I forgot. There may be your determination. And just think of your nostalgia you'll have seated within a bubbly new Camaro.
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