More financial rambings...with a little something added

My comments in bold:


General Motors CEO states that there is no plan for the co to file for bankruptcy - 8-K -Update-
CEO stated in 8-K: "there is absolutely no plan, strategy or intention for GM to file for bankruptcy today or the next. Despite the recent, current and future large losses in our U.S. business, GM has a robust balance sheet and strong liquidity - $19 bln in cash at the end of the third quarter, plus $16 bln in long-term VEBA assets, which provides us further significant liquidity support. The large losses at GMNA are unsustainable, for sure, and require a comprehensive strategy to address them... a strategy that must be implemented promptly and effectively, to get our U.S. business profitable again"


Seriously, who the heck will listen to this crap??? If you have a leader and a board of directors who bring one of America's largest: company, contributer to GDP, and employer, into the poor state they are in now, boot them the heck out. They should have forseen many different futures for their company and had a plan for every single one. I get pissed when the heads of corporate America complain they come into "unforseen negative business environment." WTF? You have hundreds of people who are paid millions a year to make sure every single situation is played through. Sorry, but I would fire your ass in a second if I owned a part of GM.