Thursday, March 2, 2006
WHY IS RICK WAGONER STILL IN CHARGE AND WHY DOES THE BOARD DO NOTHING?
February slides to 23.4% market share for General Motors here in the ever important US market. Each month, each year, the decline continues. When will it end? How many jobs must be lost? How many suppliers forced into bankruptcy? How deeper the credit downgrades? How many more dealers turning back their franchises? How many more assets sold? How many more empty promises from management? How many more cuts in health coverage and pensions? Where is the accountability? Who is held responsible?