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How To Save the Big 3 Automakers [View article]
not enough money was put into r&d for decades - they are short of correct product and you cannot pull this out of your a$$.
the american board of director system is a failure because the directors only see the company through the chief operating officers eyes. they only represent the biggest stockholder.
the ceo is rewarded for short term profits. the auto industry requires vision 5 to 10 years in the future. why would a ceo look too far ahead. hey, this is the system the "investors" want - they got it.
we cannot allow an ill-timed death of the auto sector. the social displacement would be significant - and the taxpayers will pay if GM fails or it is rescued. i vote to use money to help GM go to an orderly death. there are pieces of GM worth money, and worth saving. if the crap we are hearing about the volt is true, this piece should be worth something to somebody. but my senses tell me that the volt is a bust - just like the vega. another Sophie's choice.