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Breaking: General Moters CEO to Step Down on Sept 1 (Bailing before IPO flops)
Wall Street Journal ^
| 8/12/10
| WSJ
Posted on 08/12/2010 8:09:29 AM PDT by jimbo123
DEVELOPING STORY
GM CEO Whitacre to step down Sept. 1. Board member Dan Akerson to succeed Whitacre as CEO.
(Excerpt) Read more at online.wsj.com ...
TOPICS: News/Current Events
KEYWORDS: gm; governmentmotors; obamamotors
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The Government Motors IPO is going to be a flop and Whitacre is bailing before The Kenyan and the UAW thugs throw him under the bus.
1
posted on
08/12/2010 8:09:33 AM PDT
by
jimbo123
To: jimbo123
Unfortunately, they’ll just keep shoveling money into it to keep the union afloat.
2
posted on
08/12/2010 8:10:48 AM PDT
by
B Knotts
(Just another Tenther)
To: jimbo123
Hope his Volt is fully charged.
To: jimbo123
Maybe he can’t look himself in the mirror after he told that whopper that GM repaid it’s bailout money.
4
posted on
08/12/2010 8:14:07 AM PDT
by
DManA
To: jimbo123
Who in their right mind would buy such a stock after what they did to the last set of investors and bond holders?.................
5
posted on
08/12/2010 8:14:23 AM PDT
by
Red Badger
(No, Obama's not the Antichrist. But he does have him in his MY FAVES.............)
To: DManA
The UAW and The Kenyan were forcing him to do an IPO that the markets won’t support before the election. So he told them to kiss his a**.
6
posted on
08/12/2010 8:15:40 AM PDT
by
jimbo123
To: jimbo123
How the hell do you have an IPO on a stock that’s been trading for what? 70 or 80 years?
You can’t have an “INITIAL” public offering on a company that’s been trading for 7 or 8 decades.. you can sell more stock to try to raise more money, but there is no way it can be called an “initial” anything.
To: Red Badger
8
posted on
08/12/2010 8:16:37 AM PDT
by
maggief
To: jimbo123
9
posted on
08/12/2010 8:16:47 AM PDT
by
fishtank
(The denial of original sin is the root of liberalism.)
To: Red Badger
Obama and the UAW told him to do the IPO before the elections or quit. So he quit.
10
posted on
08/12/2010 8:16:59 AM PDT
by
jimbo123
To: Red Badger
Who in their right mind would buy such a stock after what they did to the last set of investors and bond holders?.................
Think of it as a national idiot count.
11
posted on
08/12/2010 8:18:17 AM PDT
by
ZX12R
(IMPEACH OBAMA NOW!)
To: HamiltonJay
It’s public stock in the NEW GM. Currently owned by Obama, The UAW and The Canadian government. They want their cash before the November election.
12
posted on
08/12/2010 8:18:43 AM PDT
by
jimbo123
To: jimbo123
IPO?
Initial Public Offering?
13
posted on
08/12/2010 8:19:02 AM PDT
by
Upstate NY Guy
(Gen 15:16 The iniquity of the Amorite is not yet complete.)
To: HamiltonJay
The “old” stock is no longer GM. The “new” stock is the “NEW GM”.............
14
posted on
08/12/2010 8:19:24 AM PDT
by
Red Badger
(No, Obama's not the Antichrist. But he does have him in his MY FAVES.............)
To: Upstate NY Guy
15
posted on
08/12/2010 8:20:05 AM PDT
by
Red Badger
(No, Obama's not the Antichrist. But he does have him in his MY FAVES.............)
To: jimbo123
Whitacre didn’t do much better than Wagoner.
16
posted on
08/12/2010 8:20:12 AM PDT
by
Paladin2
To: jimbo123
Notice the Trabant's license number..............
17
posted on
08/12/2010 8:20:18 AM PDT
by
fishtank
(The denial of original sin is the root of liberalism.)
To: ZX12R
Like lottery tickets are a “Tax on Stupidity”...............totally voluntary..........
18
posted on
08/12/2010 8:21:05 AM PDT
by
Red Badger
(No, Obama's not the Antichrist. But he does have him in his MY FAVES.............)
To: jimbo123
GM company motto:
“We’re GM. We own you and your cars.”
To: Upstate NY Guy
Initial Public Offering. Obama and the UAW want to cash out to the public so they can kill the company once and for all. Their scheme will only work if it happens before the November elections.
20
posted on
08/12/2010 8:22:09 AM PDT
by
jimbo123
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