Daily Archives: September 10, 2011

If Americans are generous, then GM is not American…

Ok — there are lots of thoughts here … but

18 Jul 2011 – The CEO of GM talks about how, through the generosity of the American people, GM is being transformed —

”We are in the midst of transforming an iconic American company so 20 and 30 years from now (taxpayers) will look at this company and they’ll say, ‘Absolutely it was the right thing to do,’ ” Akerson said. ”And it shouldn’t be measured on did it sell for $43 or $53 (a share) or did they lose a couple billion dollars?”

GM was saved, he said, because of the extreme generosity of Americans…

Now, that was in July.  This past week, the same Akerson spoke to 300 students at Notre Dame —

A student asked Akerson whether he would take a public stance in favor of President Barack Obama’s job-creation plan, saying it could be a chance for GM to do some good and give back some of its profits after receiving a $50 billion government bailout. Akerson said that is not his job, saying corporations exist to make a profit and enhance shareholder value.

“We are not a job bank,” Akerson said.


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