Wagoner considering leaving GM?
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From: canada
Wagoner considering leaving GM?
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Joined: Jun 2001
Posts: 4,600
From: Pewee Valley, KY
Re: Wagoner considering leaving GM?
I seriously doubt it. Bad move IMO for Rick and for GM. If he sticks around GM can keep its head moving in the right direction AND he will be remembered for turning the big boat around. If he leaves whoever suceeds him will get that glory. Kinda like how Clinton had an easy presidency and is remembered as a good president but what kept the economy up was mainly stuff beyond his control and stuff started before he took office.
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Joined: Jul 2002
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From: Hanford, CA, USA
Re: Wagoner considering leaving GM?
Originally Posted by 91_z28_4me
Kinda like how Clinton had an easy presidency and is remembered as a good president but what kept the economy up was mainly stuff beyond his control and stuff started before he took office.
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Joined: Mar 2001
Posts: 13,713
From: The Golden State
Re: Wagoner considering leaving GM?
Originally Posted by 91_z28_4me
I seriously doubt it. Bad move IMO for Rick and for GM. If he sticks around GM can keep its head moving in the right direction AND he will be remembered for turning the big boat around. If he leaves whoever suceeds him will get that glory. Kinda like how Clinton had an easy presidency and is remembered as a good president but what kept the economy up was mainly stuff beyond his control and stuff started before he took office.
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Joined: Mar 2001
Posts: 13,713
From: The Golden State
Re: Wagoner considering leaving GM?
Originally Posted by 91_z28_4me
Explanation is required.
I won't get into it here because it's not the place, but while a President doesn't control the economy, his decisions and policies combined with congress' actions (in some ways more than the FRB) do have a major impact on the national economy, usually within 12 to 18 months, and is one of many factors that influence the world economy.
......we now return the thread to the subject of cars.
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Joined: Jun 2001
Posts: 4,600
From: Pewee Valley, KY
Re: Wagoner considering leaving GM?
Originally Posted by guionM
The other day I dissected a guy who took the position that Reagan created the 80s boom, yet Clinton had nothing to do with his own successes and Bush has no hand in the current deficits.
I won't get into it here because it's not the place, but while a President doesn't control the economy, his decisions and policies combined with congress' actions (in some ways more than the FRB) do have a major impact on the national economy, usually within 12 to 18 months, and is one of many factors that influence the world economy.
......we now return the thread to the subject of cars.
I won't get into it here because it's not the place, but while a President doesn't control the economy, his decisions and policies combined with congress' actions (in some ways more than the FRB) do have a major impact on the national economy, usually within 12 to 18 months, and is one of many factors that influence the world economy.
......we now return the thread to the subject of cars.
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Joined: Nov 2000
Posts: 2,712
From: Ontario
Re: Wagoner considering leaving GM?
Seems odd to me. I doubt he'd go on his own, especially if the turnaround really is within sight (although GM's been saying that for 20 years so why should we believe it this time). And I doubt Jerry York is having that big of an impact with the Board of Directors that he could switch their support away from Rick.
If he does go, it'd be interesting to see how Wall Street interprets it.
1) They could see it as a sign that GM is in worse trouble than anyone thought, and people are starting to bail; or
2) They could see it as a positive sign since many feel Wagoner's not moving fast enough to change things, so let's get someone else who'll do some real restructuring.
Obviously, if he goes, the big question is who would replace him. While he has improved some things, he's also got a healthy list of negatives to go along with it (costly and unwise alliances, lost lots of market share, starting this incentives mess, losing lots of money). The problem is, there's not a lot options for replacements at this level. Sometimes the devil that you know ...
If he does go, it'd be interesting to see how Wall Street interprets it.
1) They could see it as a sign that GM is in worse trouble than anyone thought, and people are starting to bail; or
2) They could see it as a positive sign since many feel Wagoner's not moving fast enough to change things, so let's get someone else who'll do some real restructuring.
Obviously, if he goes, the big question is who would replace him. While he has improved some things, he's also got a healthy list of negatives to go along with it (costly and unwise alliances, lost lots of market share, starting this incentives mess, losing lots of money). The problem is, there's not a lot options for replacements at this level. Sometimes the devil that you know ...
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