[All-Or-Nothing]

Originally Posted by Craig

This one deserves a TTT given recent developments. When the CEO suddenly announces his resignation mere days before the biggest IPO in American history, then said IPO gets delayed, more than a few potential investors have to be asking themselves WTF is going on in the GM boardroom. Dan Akerson will be the fourth CEO this company has had in a span of about eighteen months. The turnaround in GM products is undeniable. Management, on the other hand, still doesn't look like they're quite ready for prime time. That may or may not be the case but it is undeniably a huge blow when it comes to perception from potential investors.

Just to add to this point.



General Motors Co. incoming Chief Executive Officer Dan Akerson’s biggest challenge in selling investors on the company’s initial public offering may be convincing them he can revive the unprofitable European unit.

In Europe, the Detroit-based automaker’s only unprofitable region, losses totaled $637 million before interest and taxes in the first half. Its updated Astra compact failed to reverse a drop in market share and unions still are stinging over plans to close Adam Opel GmbH’s factory in Antwerp, Belgium.


More at the link.....http://www.bloomberg.com/news/2010-0...s-fixable.html