Fixing GM

Thomas Friedman's article, How to Fix a Flat, is great read this morning. His main points on how to fix GM;
1. Fire the entire board and executive management.
2. Share holders loss all equity.
3. Take the company over and re-organize.

I must agree. We don't let the business fail but we force immediate change by taking over GM. Many people are going to loss a lot including retirees, unions, all executives and all the representatives and senators need to be seriously held to account.

This is not a progressive approach but it is CHANGE. Next post: What are the various approaches on how to save the auto industry.
brad