Re: Quest
There are only good and bad choices, not two bad choices with one being worse than the other? GM actually has other choices available. To maintain the status quo at GM IMO will almost certainly require a chapter 11 in the not too distant future. And in chapter 11 ....
GM could "restructure" by selling parts of the business to others and I refer you to previous "restructuring" of this sort for troubled businesses and what that led to. I don't think a liquidation is a practical alternative. American taxpayers subsidize GM employees??? I don't think so. Is Kerkorian's interest in GM real? I would think so but I am certain that he would be much more ruthless in cutting employees and cutting pay.
GM's a sick company, no good choices for a sick company except to try to heal themselves and I'd certainly be interested in reading what alternatives would be better for GM.
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