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Non-Tech : GM - General Motors
GM 68.22-1.3%9:30 AM EST

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From: MJ6/7/2009 12:19:43 AM
   of 543
 
Arthur fyi----

nytimes.com

Alix Partners is once again being used to eliminate a company via Chapter 11 bankruptcy.

Alix representative is saying 5 years to be successful.

Chapter 11 and restructuring are simply fancy names that get used to get rid of any but the creditors-------stockholders will get zilch.

Alix was the group that led the bankruptcfy and give away of American Zenith's technology to Koo and LGE-----also the bankruptcy and ultimate demise of Silicon Graphics, Inc., whose remainder has been taken over by RACK.

Check the Zenith old site and the SGI sites.

mj
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