Our CEO has had their opportunity for over 10 years. They have not delivered on quality, market share, product development, company culture, PR, union negotiations, and most importantly stock price.
What criteria are they truly being assessed on by the board? Don't care if the CEO is a woman, man or whatever else. Results matter and they have just not happened.
Seniors are not earning dividends on their investments in this market. Social Security isn’t enough to finance their lifestyles, especially for those who took early retirement. Also, inflated insurance, groceries and food is crushing them financially.
They are now forced to cash out and will need to sell their homes, cars and RVs to downsize.
A flood of new inventory will deflate the prices on these assets (but not on consumables like food and energy).
How are Millennials doing? Worse. Debt slaves that can’t get ahead.
Credit is tightening. Americans are hold record debt.
Welcome to 2007.
Mass auto industry layoffs are coming.
As of 11/9/23 GM stock under $27.00. Change leadership and at least pretend you are doing something!
GM is cursed by an extremely stupid leadership and equally stupid vision and direction. Mary and her stooges don't give two s*its about you... They will collect their hundreds of millions then retire someplace away from all of this craziness that they created it themselves and then they'll give you all a huge middle finger as a thanks for following their stupid vision and plans and helping them retire extremely wealthy..
I’m eating an $18 Big Mac meal in my $100k truck. What a time to be alive.
Farley will be available soon. Field also.
That's a long term view.
Investors only think about next quarter.
@jmr+1pnbxesJ is probably right.
The problem is she hasn’t hired enough DEI officers. That’s what customers really want.
"Nobody can remove her as long as she favors the investors."
The stock has a 1.29% annual dividend yield.
GM's IPO on November, 2010 was $34.26.
Today the stock is worth $28 USD.
It's worth $6 less per share, 13 years later with a 1.29% dividend.
"favors the investors" - HUH???? GM's stock is among the worst performers in the entire stock market. For contrast, how did Tesla do?
Tesla's 2010 IPO: $1.28 a share. Today? 205.66/share.
It often astounds me how people are willing to speak up on thelayoff without any sources or accurate information. Shooting from the hip with ___nothing___ of substance whatsoever. The only ammo is the down-vote. Go ahead. You know you want to.
Nobody can remove her as long as she favors the investors. Cheers to the good system.