GM to close truck plants
GM to close truck plants, shift to fuel-efficient cars – Jun. 3, 2008
Why close them? Why not convert them to plants that produce vehicles that consumers want. I do have to say, though, the writing has been on the wall. I would like to meet the board of directors and ask them where they got the strategy to build SUVs. I know they are profitable, but the board should be smart enough to realize that the strategy to build SUVs is not sustainable. Jesus. If I was a stock holder in this company, I would be trying desperately to knock the entire board and management team out. I sense they are a bunch of yes men, or greedy people. Obviously most of the board incompetent to lead General Motors.
On a related note, at the most recent USG shareholder meeting, the shareholders voted (I voted NO) to add Robert Barnett to our board of directors. Mr. Barnett was a retired Executive Vice President of Motorola. So here are the two questions I have:
- Why did shareholders add a member to the board that was previously part of the management of a technology company. USG is a building supplies manufacturer. Does not make sense to me.
- Why did shareholders add him to the board when he has been part of the management team that has lead Motorola into a spiral of death?
When do I get to run a company?
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