GM just posted the largest quarterly loss it its history: $39 billion. Or $433 million a day. Or $18.5 million an hour. Or $300,000 a minute.
As the late Everett Dirkson famously said, "sooner or later, you're talking real money."
“Things are bad and getting worse,” Peter Nesvold, an auto analyst with Bear Stearns, wrote to clients this morning, assuring them that the number was “not a typo.”
http://www.nytimes.com/2007/11/07/business/07cnd-auto.html?ref=business
I know I'm just a stupid creative guy, but with numbers like those, if I were GM, I'd think about blowing the whole thing up and doing something radically different. Not just another :30-second gag.
