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Old 12-07-2008, 08:20 PM   #1
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Key senator calls for GM head to step down

http://money.aol.com/news/articles/_...p/267666?cid=5
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Old 12-07-2008, 08:27 PM   #2
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While it may be true that automaker execs have had their heads in the sand, where are the senators calling for the heads of the executives from the banking and investment industry? These guys are such hypocrites it makes me sick.
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Old 12-07-2008, 08:30 PM   #3
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Originally Posted by camaropete View Post
While it may be true that automaker execs have had their heads in the sand, where are the senators calling for the heads of the executives from the banking and investment industry? These guys are such hypocrites it makes me sick.
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Old 12-07-2008, 08:32 PM   #4
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how about the head of the senate steps down...

*****************************************
*******************

when do you ever see government cut costs! NEVER!!

the nerve of these morons...they are the reason the car companies can't make cars americans want

c.a.f.e stupid regulations....not to mention the unions and their contributions to these politicians

this whole thing is like a big joke and we're in the movie idiocracy...this is what it has to be right

this whole thing is a joke and ashton kutcher is going to pop out and say " you got punked!" right??
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Last edited by GTAHVIT; 12-07-2008 at 09:56 PM. Reason: No party politics.
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Old 12-07-2008, 08:47 PM   #5
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I would agree 100%
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Old 12-07-2008, 09:07 PM   #6
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Wagoner I'm on the fence about. He's done good and he's also made his fair share of mistakes. I can see both arguments.

Nardeli hasn't had time to prove himself at Chrysler yet, and the sad state of Chrysler has essentially be inherited, but I don't hold out high hopes there. There is some good strength in the team under him. He just seems out of place.

Mulally must stay. He's done a fantastic job at Ford and I think he actually deserves a raise.

Agreed with the government leadership needing to go. Now there's a group that's out of touch with good business principles.
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Old 12-07-2008, 11:27 PM   #7
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Anyone remember the Saving GM on MSNBC? GM's CEO made 25 million and the Company lost 19 million last year. I agree that if GM's CEO goes, All the Wall Street CEO's should go away too.
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Old 12-07-2008, 11:33 PM   #8
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Anyone remember the Saving GM on MSNBC? GM's CEO made 25 million and the Company lost 19 million last year. I agree that if GM's CEO goes, All the Wall Street CEO's should go away too.
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Old 12-07-2008, 11:42 PM   #9
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Regardless of what happens, I know for a fact that GM has to restructure.....Even if it means to shed brands. I mean, I know for sure Saturn has to go......
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Old 12-08-2008, 12:00 AM   #10
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Quote:
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While it may be true that automaker execs have had their heads in the sand, where are the senators calling for the heads of the executives from the banking and investment industry? These guys are such hypocrites it makes me sick.
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Old 12-08-2008, 10:18 AM   #11
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Restructuring from the top is the first step, then lowering labour cost, HAS to be next, if we expect to compete in this market. The imports sales declines are a lot less, than the domestic, and their still opening new plants, especially in Ontario.
Don't get me wrong, I fully support the domestic companies, but we really have to ask ourselves...IS LABOUR REALLY WORTH, THE SO CALLED
$30/hr. especially when the imports are doing it for less?

A comment was recently placed on a Canadian news network website, about the job losses in Ontario. Don't shoot the messanger, as many of you like to do.
This lady commented that when she was let go by GM, she knew the day was coming. It was because SHE knew, deep in her heart that her job was not really worth $30/hr that she was getting and something had to give.

Take this info for what it's worth, but I didn't make this up.
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Old 12-08-2008, 10:21 AM   #12
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While it may be true that automaker execs have had their heads in the sand, where are the senators calling for the heads of the executives from the banking and investment industry? These guys are such hypocrites it makes me sick.
I can't change the size of this, but this is a very big
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Old 12-08-2008, 10:33 AM   #13
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While it may be true that automaker execs have had their heads in the sand, where are the senators calling for the heads of the executives from the banking and investment industry? These guys are such hypocrites it makes me sick.

Why would we want to fire them? The managers at AIG were so good that they are getting a bonus just to stay.

http://www.bloomberg.com/apps/news?p...yZo&refer=home
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Old 12-08-2008, 10:35 AM   #14
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OH, I don't wanna hear it. My life will have nothing to do with AIG!
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Old 12-08-2008, 10:45 AM   #15
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No politics or this thread is bye-bye - please.
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Old 12-08-2008, 12:10 PM   #16
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Straight from the source.
http://news.yahoo.com/s/nm/20081208/us_nm/us_gm_ad
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Old 12-08-2008, 12:52 PM   #17
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While I do not support the call for removal of the Big 3 CEOs by Congress (who are just plain idiots, IMHO), who would you get to replace them?

No Business person of any caliber would pursue or want to step into any of these companies and have to deal with Congress, labor, fiscal, economic, sales, image, and the host of other problems.

No CEO would want his legacy to be, "I saved GM but had to cut 25,000 workers, slash pay, shutdown manufacturering divisions, and eliminate our dealer network".

I think the best decision would be to maintain current leadership and allow them to prove once again why they are in the positions they are in. These individuals did not get to where they are by being morons. Maybe they've just had their heads up their ass for a while but I'm pretty sure they have been extracted as of recent!!

Remember too that a "known evil" is sometimes better than the "unknown".
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