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Strategies & Market Trends : Galapagos Islands
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To: SmoothSail who wrote (56662)11/20/2008 4:14:17 PM
From: Oral Roberts2 Recommendations  Read Replies (3) of 57110
 
They need to reorganize and get out from under the UAW. GM is supplying more people health insurance then live in PA was one example I remember reading. They can not continue with their wage and benefit package and absolutely insane work rules. Present management needs to go also. GM probably should dump back to being just Chevrolet and Cadillac. There is going to be some serious pain but for GM to survive it has to happen. The dealer pain is already bad and will get worse but IMO it's the only way GM survives long term. We give them money to continue what they are doing and we might just as well burn it. It's a UAW bailout right now, not an auto industry bailout.

All 3 heads were asked yesterday if they flew commercial or private. All 3 flew private. Just goes to show how totally out of touch they are with the reality of all of this. Should have flown coach and arrived wearing burlap, instead they fly private, sip champagne and eat caviar in their 1000 dollar suits.
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