STORM2K

While I applaud the move, I don't think its a sound strategy. Cutting salaries would piss anybody off, but cutting salaries to exec's is another story. GM needs to perform a SWAT analysis and look to oversees markets to increase its growth.

http://news.yahoo.com/s/ap/20060208/ap_on_bi_ge/gm;_ylt=Ao8uFaqd7ggtgtiSQgPlwWtu24cA;_ylu=X3oDMTA5aHJvMDdwBHNlYwN5bmNhdA--

They need to get rid of their boring product line and make cars that people want to buy. With the exception of the Corvette and some of their trucks, I can't name a single one of thier models. GMC = Generally Mundane Cars

My paternal grandfather is a retiree of GM...and I did enjoy driving a 1974 Olds that he sold me in the 1980s. Also, later bought a 1990 Olds Ciera that I enjoyed for several years until last fall...when after several maintenance problems (bumper to bumper)...I sold it and bought a 2000 Toyota Corolla...the first import that my folks and I have ever had in our family.

Eric

coriolis wrote:They need to get rid of their boring product line and make cars that people want to buy. With the exception of the Corvette and some of their trucks, I can't name a single one of thier models. GMC = Generally Mundane Cars

I have owned corvettes and to be honest even though I am a die hard vette man the product is not all that great. Constant mechanical issues and high cost of repair are a pain. I agree that the product lines of GM are less than desirable. I now own two Acura's(Honda Product) and have little to no service issues with them. GM has a whole heap of problems and their product line is just one of them.

fwbbreeze

Cutting the dividend is a bad idea. That will lead to a stock sell-off and furtehr devaluing. Cutting executive salaries and tyin gbonuses to actual performance is a good idea.