GM's Vice Chairman Lutz to Retire - WSJ.com GM is finally getting rid of one of their biggest burdens, Lutz ... the guy who's famous for one liners like, "global warming is a crock of $h1t". Is it any wonder that GM is so far behind in hybrids, or that the Volt is still in development stage? I'm feeling a little bit more optomistic about GM's survival now.l
Lutz is just a symptom of a bigger problem and I think it is above Wagner ... the board of directors. They have overseen the greatest loss of GM value ever. By stock value, GM is what, 10% or less of what it used to be. The GM board of directors decides who is going to be the CEO and top management. They successfully fought off a take-over about 2-3 years ago and supported the current management every step of the way. So I look at it as a stock-holder issue that needs to be corrected by voting out this board of directors. They have failed abysmally and cleaning house needs to start from the top going down. Bob Wilson
Psst. I got the scoop yesterday. http://priuschat.com/forums/chevrolet-volt/58272-lutz-retire-end-2009-a.html#post792755
Say what you want, Lutz was helping steer the ship - GM Corp - when it hit the reef and started to founder. Now that GM is starting to receive tens of billions - courtesy of the generous taxpayer - I wonder how much Lutz will receive when he bails out? Bailout, what a retard idea. To really "stimulate" the economy they should have just given every family $40 G's with the stipulation to buy a Big Three vehicle. Yes, I'm kidding about giving every family wads of cash, the idea is making me ill
