<VV> Like a Rock...Falling

Secular rusecular at yahoo.com
Tue May 26 14:13:53 EDT 2009

  My apologies...I failed to see the lack of corvair content
  in the article  ;-)

  BTW, you're my favorite VV storm trooper :)

  Tony I. 

----- Original Message ----- 
From: "Dennis Pleau" <dpleau at wavecable.com>
To: "'Secular'" <rusecular at yahoo.com>; <virtualvairs at corvair.org>
Sent: Tuesday, May 26, 2009 1:52 PM
Subject: RE: <VV> Like a Rock...Falling

> Please discuss this on VV-talk. 
> Dennis for VV-help
> -----Original Message-----
> From: virtualvairs-bounces at corvair.org
> [mailto:virtualvairs-bounces at corvair.org] On Behalf Of Secular
> Sent: Tuesday, May 26, 2009 9:23 AM
> To: virtualvairs at corvair.org
> Subject: <VV> Like a Rock...Falling
>  "GM stood atop the Fortune 500 nine years ago; it now stands on the 
>  brink of bankruptcy court as sales decline and cash becomes scarce. 
>  Moreover, GM bondholders are intensely unhappy with the terms they 
>  were offered as part of a plan to avoid bankruptcy, so even though 
>  the United Auto Workers struck a deal with management on Thursday, 
>  bankruptcy still looms as the probable course.
>  How did such a once great company become so desperate? Perhaps the 
>  better question is, how did GM's well-paid management fritter away a 
>  treasure chest of brand loyalty and corporate wealth? 
>  There's not a single bad decision or one misguided executive that we can 
>  point to and say, "but for that GM would still rein supreme." GM's is a 
>  long-term management failure with a litany of losing moves over the 
>  decades, from the Chevy Corvair to the acquisition of Hummer - 
>  a rolling insult to the environment - that have collectively 
>  destroyed GM's balance sheet and sent its customers wandering..."
>  Source:
>  http://tinyurl.com/falling-gm
>  http://www.bizjournals.com/houston/stories/2009/05/18/daily62.html
>  Tony I.

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