Tuesday, July 15, 2008

Big changes at GM.

GM is in the metaphorical toilet. From their peaks, sales of some brands are down, literally, on the order of 70%.

Fortunately, GM is taking their sales cataclysm seriously. Now as GM is about to divest themselves of redundant brands, as their stock price is at a half century low, as they teeter on the brink of bankruptcy, they have finally decided to eliminate executive bonuses.

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