Quote:
Originally Posted by Michael Schott
Partially correct. If left on its own GM would likely be out of business as it took the government bailout to make them restructure as severely as needed. The embedded GM culture would never see how bad they screwed up. I have a friend deeply involved in the financial restructuring and the reason the Feds fired Wagoner was he did not understand how much change was needed.
|
Oh I agree, GM's culture needed to change and going through chapter 11 was a necessary step. Just don't like that the media thinks GM started to restructure in 2008, but in reality did in 2005. While Wagoner did not realize how much needed to be changed, he did at least start to restructure.
The only thing Wagoner did that helped GM tremendously was bring in Bob Lutz to replace this idiot.
http://www.gminsidenews.com/forums/f...fall-gm-84774/