GM is run by the same kind of people that run the investment banking
industry. They select the people that fill the CEO spots on most major
corporate entities. Idiots they are not. The name of the game is money and
how much can the corporation make NEXT QUARTER.. forget last year, forget
next year.. NOW is all that counts.. Make the stock price increase and heck
with how it's done. There is no tomorrow.. Harvard et. al. profs teach this
to the MBA candidates.
So far this strategy works.. study the stock market last week.. somebody
made 4.5 trillion bucks in a few days. That is near everything the Pacific
Rim and OPEC nations have saved in the last 10 years.
Some really smart people in NYC shuffled the deck and shazzaam ! The balance
of payments deficit got "rebalanced".. HOW??
Elementary my dear Watson.. ask yourself where the money is now on
deposit... it ain't in Hong Kong, Singapore or Dubai.. NOPE.. it's back in
the bank in NYC in Goldie Sucks account. Think about it.. the slickest deal
pulled since the Civil War.
Richard