Tuesday, May 12, 2009

Is GovMo Near Collapse?

The top executives of Government Motors, once known as General Motors, Tuesday dumped hundreds of thousands of shares of stock in their own company!

This was reported Tuesday May 12 on the Fox News Channel and in the on line pages of the Wall Street Journal.

O-bow-MA’s bailout of GovMo has placed the United Auto Workers as 55%  majority owners of the failing company.  The question is will the new GovMo owners put the viability and future competitiveness of the failing automaker above the interests of the workers?  Perhaps the top executives have answered that question with they sell orders!

No comments:

Post a Comment

Your comments will be moderated.