Talk of The Villages Florida - View Single Post - Energy Independence
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Old 08-01-2008, 08:16 PM
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Default Re: Energy Independence

Just to prove a point about the short-sightedness of our corporate executives, see the quote from GM's finance chief below.
If someone who is their finance chief was surprised by "one of the fast-changing markets" he has ever seen, what is he doing in the position of being responsible for the finances of a company that size and the investments of its shareholders?
The threat to our economy on oil dependence should not come as a surprise to anyone who can even recall the oil shortages of the 1970s. What a disgrace!

WSJ - Today
GM Paces Weak July Sales Reports With 26% Decline

"GM finance chief Ray Young said the auto industry has experienced "one of the fastest-changing markets" he has ever seen, while a Ford marketing executive predicted the second half of the year will be "more challenging than the first half as economic and credit conditions weaken."

http://online.wsj.com/article/SB1217...=djemalertNEWS