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Archive for the 'GM' Tag

GM: Please don’t buy our stock!

Thursday, July 2nd, 2009

At a time when so many people are beating the drum about the need for companies to file transparent documents with the Securities and Exchange Commission, General Motors (GMGMQ) deserves credit. Granted, the subject of the press release that accompanied yesterday’s 8-K was very grim; but there’s no spin at all in their message: GM [...]

Where were GM’s directors?

Monday, March 30th, 2009

Today, all eyes are on General Motor’s Rick Wagoner, who is being forced out as CEO by President Obama’s Auto Task Force. While Kent Kresa, a GM board member since 2003 and the former Chairman of Northrup Grumman (NOC) is said to be replacing Wagoner as interim chairman, the WSJ is also reporting that the [...]