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General Motors Company Message Board

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  • wngr123 wngr123 Jan 30, 2013 7:58 PM Flag

    Hey Wngr do you know Dan Akerson?

     

    Sorry Mullah, been in the the Cayman Islands for a little while and didn't mean to ignore you. With all due respect, if it's a choice between the message board and the beach or diving...you lose. :-)

    To answer your question, no I don't know Akerson, never met him. I was gone from GM before the bankruptcy so we never crossed paths. Ironically, I almost was in a meeting with him after I left, we were trying to put together a deal with GM and Ford. Ford was a go, but GM not. We were trying to convince him it was a good idea (which it was), it even involved The Carlyle Group, his old buddies. But, no go. We're waiting to see if they get cash strapped again to propose it again. It would add about $4-5 billion in cash to their balance sheet and remove some liabilities.

    I don't think he is the most loved individual in GM which is probably not a bad thing. The disturbing thing I hear is that he doesn't care for input, only information. That's OK if you're always right, but if you're wrong, you could be wrong big and no one will risk their job to tell you.

    I don't get Peugeot either. I don't get what it does for GM. I doubt he would go to that length to mess with our friends at IG Metall. I still think there was more to the Ewanick deal that didn't hit the papers, although if there was, it's very tightly held. He had to go.

    This topic is deleted.
 
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