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To: rlmorel

Deese is just a beard. The reorganization has been prescribed by the Obama team. It’s about saving the union
membership. The non compete clause between Gm Euro
and domestic GM is in force. The labor benefits will not be revamped so the cost per hour will remain non competitive.

The limits on restructering GM will not make this company
but a massive social works project.

In this scenario wouls any serious car guy want to
bid for CEO of GM.


71 posted on 06/01/2009 8:15:40 PM PDT by ChiMark
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To: ChiMark

Yep. In a nutshell, that is it. Non-competitive.


74 posted on 06/01/2009 8:36:35 PM PDT by rlmorel ("The Road to Serfdom" by F.A.Hayek - Read it...today.)
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