Originally Posted by Guest

What is at issue is the management of GM. The execs that get millions per year that allowed this pillar of manufacturing strength in the world, to decompose to it's current low. Giving the same team more money to continue doing the same is not going to work.
At least in Chapter 11 they will be FORCED to reorganize. Usually the incumbents are tossed...the company restructured...they are accountable to the courts to develop a plan how to emerge as a better company.
The current "administration" including the board of directors need to be ousted.
Replaced with people of action.
Having been through it with a major company that also was complacent and fleecing the public...Chapter 11 is the enema most big, over weight, over paid, inefficient companies need. It does not mean they will go out of business.
Some how the airlines managed to get through it.
GM will too!.

BTK