The sinkable General Motors
Posted by Jen@CBJ in
In the news on 06 2nd, 2009 |
1 Comment
When news came in that 100-year-old General Motors was filing for bankruptcy, I can’t say I was altogether surprised. Though plenty were hoping for the Disney ending, the market had spoken long before the announcement last week.
As I read through various GM obituaries, I came across an interesting comment from Stephen Pope, chief global strategist at Cantor Fitzgerald in London. He said the bitter reality of the bankruptcy “is a bit like the Titanic sinking.” In my opinion, he...