Thursday, July 21, 2005

Dumb headline of the day

Well, it's actually from yesterdary, but never mind. As seen on "Wall Street bounces back after GM disappointment"

Ask yourself what is wrong with that statement (yes, GM did report below the consensus earnings forecast). If your answered that it's impossible for GM to dissapoint, no matter what the consensus expectations are, go buy yourself a cigar. After all, it has lost market share for nearly as long as I've been alive. It's management, who has tried any number of strategies to turn things around (except maybe human sacrifice to ask the gods to jinx Toyota), gives new meaning to "hapless". It'd be broke if it weren't for America's inexplicable love of big, ugly trucks.

In related news, it takes a brave (or foolhardy) soul to forsake a cushy Wall Street post to join GM. Wild conspiracy theory: he knows the current management team will probably be run out of town sooner rather than later by Kerkorian and could emerge as a credible candidate for a top job.