|
Oh, we're back to bailout again? LOL
Lowdown you are clearly angry about this...............and so am I. This has hit my household, my family and my friends in ways that I could have never imagined.
But what I hope you understand is it isn't one sided. It isn't just management as you keep inferring. It is every single employee. Even I ask myself what more could I have done? Did I make a mistake along the way? Could I have done better?
Is there a company that is flawless in it's leadership decisions? That has a history of perfect products, financial decisions and 20/20 forsight? Some, maybe. But none come to mind and if they are they are likely newer companies that don't shoulder the legacy burdens of older companies.
It litteraly became a race to hold out until the legacy cost "passed away". It simply became and enterprise that was in business to keep depositing pension checks and keep health care benefits flowing. And I agree, that does not make a healthy automobile company regardless of the leadership, regardless of the people, regardless of the product.
So now there are no more excuses. Internally we are told that the people have given us a chance to start over, to be free of the legacy costs and crushing debt. But we are also assureed there won't be another one. This is it, a one time proposition.
So yes, GM will pay back the loans. Mostly assured because of the cash in the bank easily covers it.
And yes, I predict the IPO will get a good chunk of the rest of the money for the the U.S. and Candien taxpayers and satisfy the VEBA.
But I can no longer afford to look back and try to find someone to blame. I merely accept that I was part of that time. I hope I do better, and I hope my company does better with this fresh start.
__________________
"Speed, it seems to me, provides the one genuinely modern pleasure." - Aldous Huxley
|