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Friday, March 05, 2010

GM BURNING THROUGH CASH AND STILL WITHOUT A PLAN OF ACTION

OLD ED WHITACRE NEEDS TO MOSEY ON AND LET A SEASONED VETERAIN RUN THE COMPANY:
Ed's lack of experience and knowledge of the automobile industry is starting to show. It takes a person with the talent for running an automobile company years to learn the business. Ed who has never demonstrated any talent for building cars or knowledge of the industry is starting to make costly mistakes. Like deciding how many cars to build and what kind. Just the little stuff.
The only Gm executive to have achieved any great success in the last 30 years is Phil Murtaugh the former head of Gm's China division. Everyone agrees he was the one who made Gm a success in China. And yet he was fired. Why? There has never been an offical reason for his termination from Gm. The rumor mills reason for his firing was that then Gm chairman Butch Wagnor was jealous of his success and had him fired. Based on Butch Wagnor's performance at Gm its a very believable story.
Whitacre should immediatly get rid of the hacks he has surrounded himself with and put a real proven excutive like Murtaugh in charge of running the company. EFFECTIVE IMMEDIATLY!!!!!!!