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Originally Posted by Number 3
Fraxum, where do you get this?
First of all everyone seems to think that GM should not have been making trucks. Trucks make money..............they still do. So as a shareholder you wanted GM to make less money? That makes no sense.
"Faithful" shareholders? When did that ever mean anything. You had a chance to get out at any point you wanted. My financial advisor pulled me out 2 years ago because he saw it coming. So as a loyal employee, even I didn't hang on till worthless. Don't you read the fine print on all the infomercials....."No guarantee of profits, your results may vary".
And I am completely baffled on where you get this fat cat lifestyle crap. I know some of the execs you think are living as fat cats. They haven't had bonuses in YEARS. Many of them were let go or "retired" just like my wife was last year and many, many more we releveled and are no longer executives.
Sorry, just had to clear those up for you.....................but as is often the case.................the truth doesn't sway the uniformed.
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We can disagree. Sure sell the trucks. Even though the automotive world has known for at least 10 years they are dead ducks. There is only so much oil n the ground. But why weren't those GM executive geniuses investing the profits they were raking in on the super-gulp sized trucks making better cars? Those big trucks were very profitable. Instead they wasted the chance and left the biggest automotive company in the world with their pants down. Only sad Chrysler is worse off. And there are plenty of GM execs with golden parachutes who walked away from this mess tapping their heels before and after the financial crisis. It is the worker level men and women who get royally screwed who are now on food stamps.
GM upper management has ravaged what was the number one auto manufacturer in the world and has helped turn the US midwest into a wasteland.
All that being said I like the 2010 Camaro. There is some hope for the "new" GM. I just wish the roof was 2 inches higher and it was 2 hundred pounds lighter.
But GM will never again be what it was.