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Market Currents

Wednesday, November 11, 2009
8:38 AM TweetThis
  • In a growing clash between GM CEO Fritz Henderson and his board, chairman Ed Whitacre said he's not comfortable with management's 2010 forecasts, and indicated Henderson's timetable for an IPO - the second half of 2010 - may be too optimistic. Rather than worrying about selling shares, the former AT&T chief says GM should focus on repaying the $6.7B it owes to taxpayers.
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This news story has 2 comments:

  •  
    How about focussing on making some damn good cars that people will want to buy. Get the Volt to actually get 300 MPG. If they make great cars again everything else will mentioned will happen. Keep making 2nd tier cars and nothing will change.
    2009 Nov 11 08:44 AM Reply
  •  
    When the CEO made his outrageous 2010 sales projections I was surprised nobody in the industry or WS spoke up, for anybody to think it will be business as usual going forward as it relates to sales they are crazy and their stocks should be punished for such misleading guidance. Now today you have UPS saying they expect next year to be much better and expect to be able to raise their prices, you know to boost earnings, there are very few companies who will have any pricing power going into next year, once again these companies tell WS what they want to hear and WS doesnt do anything but bid up the prices.
    2009 Nov 11 10:04 AM Reply
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