Tomorrow morning we will probably all wake up to the news that General Motors has entered into a Chapter 11 proceeding under the United States Bankruptcy Code and most likely emerge as a nationalized industry. These events will have been orchestrated by the current administration though they don’t deserve all of the credit or discredit. […]
Archive for May 31st, 2009
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GM’s Sale Of Opel Roils Europe
Posted by Tom Lindmark on May 31st, 2009
The GM bankruptcy or anticipated bankruptcy (it’s supposed to be announced at 8 AM tomorrow) is actually moving along pretty smoothly in this country. Not so in Europe where the sale of its Opel subsidiary is roiling governments. A quick recap. After it looked like Fiat had the inside track on Opel a consortium of […]
Corporate CEO’s Finally Come To The Debate
Posted by Tom Lindmark on May 31st, 2009
I don’t watch the Sunday morning news shows but it sounds like Meet The Press would have been worth it today. Politico.com reports that Anne Mulcahy, the CEO of Xerox and a former Obama advisor wants to see some details on the administration’s plans to cut the deficit. “All of us understand the need for […]
Rewriting The Homebuilding Handbook
Posted by Tom Lindmark on May 31st, 2009
There’s an interesting article in the Arizona Republic about Meritage Homes and its attempts to revamp its business model. Aside from being a relatively impressive retooling, the article and Meritage’s efforts probably represent a good model of what home building is likely to be all about for the next few years. It’s also a bit […]
GM’s Bondholders Capitulate
Posted by Tom Lindmark on May 31st, 2009
According to the Wall Street Journal, GM has persuaded a majority of its bondholders to go along with the proposed plan of reorganization. General Motors Corp. moved a step closer to what it hopes will be a smooth bankruptcy process after a majority of investors holding $27 billion in the company’s bonds agreed to forgive the […]
