Quote:
Originally Posted by After Shock Media
Not unless the bailout also came with 2 things.
Age cap past retirement accounts.
Remove the union from current employees.
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it needs a bit more than that but simply handing them money is the dumbest thing imaginable.
1) Immediately canceling ALL ad contracts since they spend BILLIONS a year in advertising
2) dissolving the unions or at least bitch slapping the unions into shape. There's no reason for the unions to fund the kinds of things they do.
3) ending all "bonuses" to management
Alright there's a good $4B/yr saved off of expensives just from 1 and 3... #2 could save billions more.
That's without firing anybody yet or shutting anything down....
Sell brands/properties that don't make sense
1) open auction of Hummer, move it for whatever the brand can be sold for. This can be a marketable brand don't just shut it down and disappear
2) GM has an insane amount of intellectual property that could be auctioned off for tons of CASH
There is simply no reason GM should actually go under if they were managed properly. Unions and other bad spending has crippled them.