Why isn't Mary Barra getting the boot for letting the company get into a position of selling such losing products? She made these decisions and should suffer the consequences, not the people who only did what she wanted!
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#newCFO ?! maybe, just maybe, this mistake was known, and the financially responsible person was 'made' and exit strategy...
History will judge many of her moves. I am not a fan as I think she missed multiple opportunities to expand the market-share and more forcibly push into both electric and autonomous space. At the same time, I have to admit that I do not have forecasting numbers that she’s seeing – so this painful cutting move may be the appropriate one (I am assuming her forecasts are pointing towards a major demand drop, rapidly rising domestic labor costs, the Fed up moves and whatever see hears about China)… That’s my two cents – I think she majorly dropped the ball in several areas but I’d like to judge this current move maybe five or ten years from now.