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GM news...Wagoner outed
- Thread starter phragle
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Offshoredrillin
New member
The really crazy part is that Chrysler is owned by a hedge fund op that WONT put any money in to support it. Yet the administration does nothing about it.
phragle
Charter Member
half the equation, so Mc Donlads has sold more burgers than wendy's, does that make McDonalds burgers that good?? when you are willing to pay premium for a good meal, is a big mac really on your mind?? you can forget premium..when you want a DECENT meal..is it a quarter pounder with fries??
Ratickle
Founding Member / Super Moderator
That makes McDonalds burgers the best perceived value.
And they make money.....:sifone:
You just lost all credability with me!!! :26::26:
The Unions are probably the biggest burden on the auto makers. The insane executive compensation is also not helping. Unless they are all willing to sit down at the table and drop their drawers this is all going to end up in the unemployment office. Most every other company and it's employees are taking cost cutting measures, why should the auto union be any different. Thier stubborn attitude is going to get them in a much worse place then if they would just capitulate and get compensated on par with other manufacturers.
Wobble
Charter Member
It seems to me that there was something fundamentally wrong in the way GM was run in the past ten years. Ford is in better shape than the other two because it has been on a serious cost cutting program for years.
My guess is that Wagoner offered up more of the "same old, same old" instead of the brutal cost cutting that is needed.
It's going to be very interesting to see who gets the job, that's if they can find someone that wants it.
My guess is that Wagoner offered up more of the "same old, same old" instead of the brutal cost cutting that is needed.
It's going to be very interesting to see who gets the job, that's if they can find someone that wants it.
Ratickle
Founding Member / Super Moderator
I'll take it in a heartbeat......:sifone:
phragle
Charter Member
Mcdonalds works by volume, increased competition decreases volume, extreme competition severly degrades volume and you get lost in the crowd. if your meal is significantly better than the place down the street, you can charge more and keep volume and be profitable. if you just want to blast out a 99 cent generic cheese burger, the customer will eat at whatever cheeseburger place is closest, he will not seek your establishment.
Magic Medicine
New member
That makes 2 of us, should be easy to make improvements. The person has to be willing to change.
Wobble
Charter Member
http://www.autoweek.com/article/20090329/CARNEWS/903309997
General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson
General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson
Ratickle
Founding Member / Super Moderator
McDonalds is one of only two stocks in the Dow that went up last year.
Sea-Dated
Charter Member
Unions were great in their day but their day has passed. File bankruptcy, get out of the union contracts, and restructure. The company will come back stronger and more profitable than ever......
Oh and Fraggle, your an idiot.....:sifone::rofl:
The scariest part is that the government is now making decision for publicly held companies in America. Sounds like socialism to me......
Oh and Fraggle, your an idiot.....:sifone::rofl:
The scariest part is that the government is now making decision for publicly held companies in America. Sounds like socialism to me......
LaughingCat
New member
I don't get it. GM has been extending lines of credit for years, never does anything to improve their business model, begs the government for money and they use our tax dollars to stay afloat. Finally, someone is saying "enough". If you want to keep your company alive on the government cheese, you better come to us with more than, "hey, just going to keep doing the same thing and we'll sell more cars in the future."
I don't like that the government doing anything like this, but finally someone is showing these begging companies that coming to the government for bail-outs is serious stuff. Call it what anyone wants, this is not Socialism. Socialism is when the government seizes PROFITABLE businesses to enrich themselves. It is not when the government helps pathetic dying businesses delay the inevitable. The government isn't approaching these companies. It's the hypocritical Republican business leaders who are lining up to beg the government for help.
The irony is so thick you can cut it with a knife.
(Many of the banks admit they didn't need the money and want to give it back.)
If you company is not dying, they're not coming to take you over. That's what they do in Russia and Venezuela. Not here. So quit acting like the paranoid, anarchist militia neighbors of the Unabomber.
Someone name one profitable strong company either the Bush admin or Obama admin have seized and I will admit I'm worng. Otherwise, I recommend everyone get their encyclopedias out and stop towing the line for the blowhard pundits and their mis-use of terminologies.
If you are a small government, fiscal conservative who is upset about the level of government involvement, I have one thing to say. . . "welcome to the Independent party. Republicans abandoned you for the religious right years ago."
I don't like that the government doing anything like this, but finally someone is showing these begging companies that coming to the government for bail-outs is serious stuff. Call it what anyone wants, this is not Socialism. Socialism is when the government seizes PROFITABLE businesses to enrich themselves. It is not when the government helps pathetic dying businesses delay the inevitable. The government isn't approaching these companies. It's the hypocritical Republican business leaders who are lining up to beg the government for help.
The irony is so thick you can cut it with a knife.
(Many of the banks admit they didn't need the money and want to give it back.)
If you company is not dying, they're not coming to take you over. That's what they do in Russia and Venezuela. Not here. So quit acting like the paranoid, anarchist militia neighbors of the Unabomber.
Someone name one profitable strong company either the Bush admin or Obama admin have seized and I will admit I'm worng. Otherwise, I recommend everyone get their encyclopedias out and stop towing the line for the blowhard pundits and their mis-use of terminologies.
If you are a small government, fiscal conservative who is upset about the level of government involvement, I have one thing to say. . . "welcome to the Independent party. Republicans abandoned you for the religious right years ago."
Ratickle
Founding Member / Super Moderator
I like it....:sifone:
JP Morgan, Goldman Sachs, Wells Fargo, US Bank...all profitable companies that were forced to give prefered shares of the company to the US government, pay an above market dividend on the shares and the Government has a say in what management gets paid and how the company can recognize top performing employees something a board of directors normally does in a capitalistic Republic...How am I doing? Sounds a lot like socialism to me.
LaughingCat
New member
Ummm, not really. The original TARP deal was set with almost no restrictions. Many banks either didn't want to participate or didn't need to. The Treasury needed them to participate so that the program would not simply highlight bad bank and cause a run.
Subsequently, Congress added provisions for executive pay and such that have repulsed the strong banks. Those companies are all vying to return the money now that the rules have been changed. They were not seized by the government. Huge difference. Again, check the definition of socialism.
Subsequently, Congress added provisions for executive pay and such that have repulsed the strong banks. Those companies are all vying to return the money now that the rules have been changed. They were not seized by the government. Huge difference. Again, check the definition of socialism.
LaughingCat
New member
We need to all operate on the correct page here so we can work the problem and identify the solution. . and how we are going to profit from it. Blowhards like Limbaugh, Olberman, Hannity, Beck, NY Times columnists, etc do NOT know what they are talking about and are stirring way too much noise just to be heard.
Let's focus people.
Let's focus people.
Ms PatriYacht
Charter Member
Unions were great in their day but their day has passed. File bankruptcy, get out of the union contracts, and restructure. The company will come back stronger and more profitable than ever......
QUOTE]
Ok so all they have to do is just get out of union contracts and they will
be strong, isn't life so simple:rofl:
The union could have worked for no pay for several months and it would not have made a bit of difference. Why so many of you think the ONLY, or at least the major reason for GM's problem is the unions is beyond me:dupe:
The union did not design the cars
The union did not decide to pay little attention to their car line up in favor of putting all their efforts into SUV's and trucks
The union did not make the decision to invent a needless new brand called Saturn.
The union did not make the decision to take on Hummer.
The unions did not make the financial decisions to buy or invest in money losing foreign car companies.
The union had nothing to do with the price of gas rising to close to $4.00 a gallon, or the banking catastrophe, or record unemployment that caused purchasing of just about everything to come to a screeching halt.
Union wages have been frozen for several years and new workers which are rarely hired are not receiving the same benefits as the guys of old, but that does not matter since most of you seem to still live in the past, when it comes to this subject:nopity: But in your defense why else would you think differently since GM seems to love to let the public bash their union workers, it's nice that that they think so well of them that they have created the illusion that they make close to $100.00 an hour. Teachers have unions and so does the government. So why when their wages are talked about do the schools not lump the cost of all their retires into the current teachers hourly pay. Of course when Obama's answer to health care takes affect and we have socialized medicine, we will not get the care that people get now so the legacy costs are bound to go down since we will not live as long.
The biggest reason GM and every other big company including Toyota, Nissan and Honda are having trouble is lack of sales. No matter how much a budget is trimmed if you are not selling stuff it does not matter. Have you seen the price of milk lately, today Kroger has it advertised for 1.59 a gallon, last week I got three gallons free because I bought three boxes of some Quaker Oat bars that were also on sale. I got Coke on sale for $3.00 a twelve pack and it came with two free boxes of Ritz crackers. I have never seen sales like what is taking place now, it's because NO one is buying unless they have to, and to sell something you have to discount it like never before.
A lot of you seem to think that workers love being in the job bank, being paid for nothing, sitting around like fat slobs collecting pay. Maybe you think that way since so many of you sit around at your jobs being paid while spending most of your day posting crap on the internet. Do you even know the reason why the program was created in the first place. Do you really think the union wants workers paid to not work. Do you know how many jobs a program like that has kept here in the United States. In fact some of you management big wigs might only been employed now because of the job banks. Just think if GM and the other large companies closed or downsized as many plants here in the states as they would have liked to, what might have happened to you if you had a business near one or provided a service or a product to them or someone one that supplied them. Companies like GM think twice about getting rid of a worker, or closing a plant if they know they will have to pay a wage. Closing a plant is a trickle down affect and regardless if you are a doctor, dentist, insurance agent, a hairdresser, or a waitress your life can be greatly effected each time a job get sent elsewhere. I am sure you will continue to say that you have to be competitive, well when does it stop, to me prices seem very competitive yet people are still not buying, if our country continues to loose jobs at this rate nothing will be cheap enough
On the topic of the thread like so much of the Obama agenda, actions are done to fast. Wagoner was not a bad CEO and unfortunately forcing his resignation now will create a lot of inner turmoil and restructuring down time that GM can not afford.
Ms PatriYacht
Charter Member
you've got to be kidding, thankfully there are still some voices of reason that are watching and reporting what is going on. Of course if Obama and his cronies have their way what we hear on radio will soon be dramatically altered.
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