Bulldozer00's Blog

From a recent article (I forgot to bookmark the link – D’oh!) describing the large backlog of IPOs still scheduled for this year, I discovered that GM’s (supposed) resurrection is expected to be the largest. It’s estimated that the “Government Motors” IPO will raise $15B dollars, but none of it will come from me and you’ll understand why in the narrative that follows.

From the same article, I also learned that GM is being led by its fourth CEO in 18 months, Mr. Daniel Akerson. Guess what? Mr. Akerson is an aged and most probably out-of-touch white dude just like all the other recent esteemed GM CEOs. Guess what? Mr. Akerson also speaks in the same, self-centered, corpo tongue as most stereotypical Tayloristic CEOs:

I’m the right guy at the right time.

I’m looking out the front windshield.

GM’s products are second to none.

GM’s global manufacturing structure is the envy of the industry.

I did not get to where I am in life by being deaf, dumb, and blind.

I wish the company well, but, uh, I ain’t gonna invest in GM. Are you?