In his mind I'm probably breaking some NDA, but I hear the big boys are lining up between GM (Goldman Sachs and Morgan Stanley) and FCA (UBS and Lazard).
Marchionne is getting desperate. This may end badly for FCA. They will have to make a heck of a case to get the major shareholders to agree to pressure GM management to negotiate.
Just my opinion (no PM, I have no inside information) but I don't see any advantage for GM any where in this.
"If you are, in fact, a consultant, you're clearly a consultant to dolts, imbeciles and simpletons."
He's not. I assume his reluctance to address my "alleged" violation of an NDA signifies he once again has been shown to be talking out of the wrong part of his body (even though he has a copy of it....whatever "it" is). Apparently his memory is as bad as his business skills.
He is a fraud, nothing more....well, maybe a liar too. I'm forced to ask what many others have asked, "what is it that you really do?". A few months from now, he will claim that he faced me down and we'll have to go through all this again. He's not very smart either.
Speak up PM, we can barely hear you from the bottom of that rabbit hole.
"How Many DOLLARS will GM share price Slip and Slide Away this week? Greece will put the hurt on all of Europe sales even more than it was."
This isn't just a GM issue. This will affect the whole market. Are you that dense??
"i know what you mean. maybe because my story is too boring. i actually worked my way up to a director position in gm. gm paid for my mba at a local unaccredited university."
PM, I know you think you know my identity. You don't. Assuming not too much of the referenced post is make believe, I think I know who it is that you mistakenly think is me. We have very similar backgrounds (we have both been the other's boss at some time) and even worked together after GM. We are still great friends and still meet for lunch the second Wednesday of every month at an association meeting, that was yesterday. I told him there was some idiot who thought that I was him, and he got a good chuckle out of it.
He did ask that if it got too revealing, let him know. Trust me on this one thing....he has more than enough money to make your life miserable for a long time.
If by some slim chance, you are correct (this would be the first thing you were right on), then you know that everything I have ever said about myself is true. Can you make the same claim?
"That's right, he could buy you lunch if he wanted to! Anywhere you wanted to go!"
LOL. He may not be the LAST person I'd want to have lunch with, but he is certainly in the top 5.
"add to that his engaging in certain innuendos about me while blabbing he's on the bod of charities and private companies and you start to get a picture. as a matter of fact, why does someone blab on a message board about being on bod's? what's that all about?"
This is one of your biggest problems. You set yourself up for these things. Here’s what "that’s all about", do you remember the context of that thread? You showed your ignorance again about corporate governance. Let me refresh your memory, your words:
"bod's are picked from the outside by the cob!"
Does that sound familiar?
As I said on Mar 6, 2014 6:43 PM:
“Nope. Depending on the by-laws of a public company, potential board members are NOMINATED by either the entire board or a smaller group of the board in a Nominating Committee. The board members are CHOSEN by the stockholders by proxy statements. If the company is listed on either of the big exchanges, the Nominating Committee is REQUIRED to be all outside directors. In a smaller, closely held private company, directors usually are chosen by the equity owners and distributed based on equity ownership.”
Another example of why you have zero credibility. This information is not secret, if you had any real experience as a consultant….or even an involved stockholder, you would know this.
You’re not getting away with this masquerade. And your position on NDA’s is ridiculous. Again, for your education, here’s the purpose of an NDA, at least as it pertains to deal making:
1. To prevent an unfair advantage to either party in knowing confidential information about the deal.
2. To prevent the disclosure of propriety product or technical IP.
3. To implement a non compete agreement for anyone with confidential information.
The remarks I made are made in business schools around the world as well amongst REAL consultants. You are appearing absolutely laughable with this stuff. Stop embarrassing yourself.
"excuse me, former gm management, failed consultant and failed bod member; please change "charity" to "non profit" as you noted below."
You're excused, but only because you didn't know the difference. I think I'm detecting some jealousy in your posts lately. Not everyone can be what they want PM, it's OK.
"We happy if gm down."
I'm happy you happy. But unless your entire portfolio is in shorts, you are going to lose money today. That's why YOU are dense.
On the other hand if you have no portfolio, you may continue on in your own little world and may only suffer in ways that you can't comprehend.
"GM 6 times 15 billion is 60 billion"
LMAO!!! I think this says it all. And he says it AGAIN:
" So six trucks times 15 billion 60 billion yet"
So it's not a typo, it's stupidity. How do you discuss something with someone that thinks 6 x 15 = 60??? Are you smarter than a 5th grader? I think we know.
And what exactly does spending have to do with market cap??? NOTHING.
And $15 billion?? You are delusional. What's your source? If you can find it (ask your mother to help) look at Ford's 10K issued for 2014, Page FS-6. Ford's TOTAL capital spending for 2014 was $7.5 billion. That's $7.5 billion for ALL models (cars AND trucks) including buildings, tooling, new computer systems, vendor tooling, and about a thousand other things. By the way, that's only $866 million more than 2013, and $2 billion more than 2012. Where's the $15 billion?? They MAY have spent $1-2 billion MAX.
Ya know RDH, you can post anything you like on this board within the unenforced Yahoo guidelines. But when you start with this kind of crap, you lose me. You put yourself in the same category of these other under developed morons whom I pay no attention to.
I have LOTS of problems with Jeye, but there's no place for this garbage.
-yes, we should hunt pm down and demand an explanation. after all, the story told by pm was his impression of management at a point in time.
-let's roast him!!!
-attention fellow gm'ers. wngr123 wants to know who would like to join him in the study of perfect_market posts. attention fellow gm'ers. wngr123 wants to know who would like to join him in the study of perfect_market posts.
-yes, this deep dive will be directed at discrediting pm's messages and prove once and for all, that gm trained management are not a bunch of accountants in operational positions. gm'ers deserve respect for events that are outside our control. we didn't create the problems that led to financial failure, it was someone else's doing!
-join wngr123 today in the bod room at detroits main library.
-ha, ha, ha, too funny! why should i slink away. i'm waiting for you to declare (false) victory and brandish about like you've won something.
-goad, goad, goad. i see what you're doing. if i tell you why your logic is flawed then we really have the debate. and if i refuse to tell you why your logic is flawed then i lose the debate.
-go ahead, have your fun. if this is how you have fun...
-that's a leap of logic. oh, you got the gm rose colored glasses on...
-yah, when one wears gm rose colored glasses i can see how a lightweight would take the turnaround of a bankrupt company, one which had its financial position cleaned by the courts, as an example of gm management superiority.
-party on pumpers...
"wngr, wngr, wngr! why would i re-post your message that clearly breaks any nda out there? you're a fool to argue against this. if you were on my team you would be dismissed immediately. "
You forgot to mention the exceptions to any standard NDA:
2. Exceptions to Covenant of Confidentiality.
The obligations and restrictions set forth in Section 1 will not apply to any Confidential Information that the Business Associate demonstrates (a) was or becomes generally available to the public other than as a result of a disclosure by the Business Associate or (b) was available or becomes available to the Business Associate on a nonconfidential basis prior to its disclosure to the Business Associate, but only if (i) the source of such information is not bound by a confidentiality agreement with the Company or is not otherwise prohibited from transmitting the information to the Business Associate by a contractual, legal, fiduciary, or other obligation, and (ii) the Business Associate provides the Company with written notice of such prior possession either (A) prior to the execution and delivery of this Agreement or (B) if the Business Associate later becomes aware of any aspect of the Confidential Information of which the Business Associate had prior possession, promptly upon the Business Associate becoming aware of such aspect.
Now, if you believe I violated these agreements, please tell us which company was involved. You don't need to disclose what the subject matter was, merely the company which does NOT violate any agreement on your part.
"6.2. For the purposes of this Agreement, “Confidential Information” means any information or know-how (in oral, written, digital or other form), including, without limitation, information relating to research, product plans, products, services, clients, markets, software, developments, inventions"
Per your agreement as an example, let's say hypothetically the CEO of a company wants to do an LBO on some outstanding stock in his company. It is a highly public, highly sensitive set of negotiations. The deal is finally made, not to the satisfaction of the CEO. After the deal is done, is it OK to talk about it.
Or another hypothetical...the sale of a company is in progress. Again, another highly public and sensitive negotiations are going on between the parties. After the deal is done, one of the participants begins making public statements about the behind the scenes negotiations. Is that OK by your definition?
"wngr already admitted to posting client info."
Well, I consulted at Delphi once, here's some client information for them too:
2014 Revenue = $17 billion
2014 Net Income = $1.44 billion
That's client information. Is that a client violation??? Of course not, it's public information you dolt. It also would not be a violation of an NDA if it were after the fact and public. Don't believe me? Read "Barbarians at the Gate" by Bryan Burrough and John Heltar. The book is based on quoted interviews with insiders AFTER THE FACT.
Ever heard of a guy named Jay Alix? Probably not, he's in the business of consulting. See if you can ask someone to help you find an article in Forbes titled "How General Motors Was Really Saved: The Untold True Story Of The Most Important Bankruptcy In U.S. History" by Dan Bigman.
Are you beginning to get it? It's no longer CONFIDENTIAL information. The deal is done. It has NO affect on the deal.
" you notice he has not brought specifics in his defense - hmmm."
Hmmm, I've asked you at least three times what the hell you're talking about. And you don't have a clue. You don't even have specifics about your allegation, How am I going to defend them? You claim to have copies, well, I, among others, have invited you to post the copies. And you don't. You don't have copies of anything, or once again, you know you've been had and realized too late (after you shot off your mouth, that you don't have anything). We're supposed to be clairvoyant?
YOU are the one making these mysterious accusations. They are completely without substance, or even a clue what they are. What if I accused you of a felony. You know like not reporting someone falsifying inventory levels. That would require proof wouldn't it? Oh wait, not a good example, you admitted it, and I DO have a copy of that. It is your post dated Jun 4, 2014 12:38 PM. Go ahead and delete it, as usual I'm way ahead of you.
" do you want to switch over to your clearly unethical postings about homosexual acts while claiming to be on a charity's bod? i got those messages saved also."
I invite you to post whatever you have. Go ahead, put it up there. I have never been on a charity board. I think you should concentrate on memory exercises, clearly yours is deficient. You can't tell reality from fantasy.
"since you're no longer employable as a consultant"
LOL, if you only knew.
"i can't believe that you would even pull your head out of your void after your last beating!!!"
Which beating would that be? You are truly out of touch with reality. You should really consider seeing someone.
I will invite you one last time to post when I have betrayed a NDA. If not, I, and I suspect everyone reading this, will conclude you are simply a blowhard of the highest degree. You got a copy? Put it up.
"really tiring wngr. take you lumps and move on!!!"
Really? You truly are delusional. That's not going to happen. You've crossed the line. You impugn my integrity and even my morality and you think I'm just going away?
Oh no, I'm here for the long haul with you pal. Take my lumps?? Seems to me we should start calling you 'Lumpy' with all the times you've been shown to be a light weight on your best day, and completely devoid of any business knowledge on your worst day. I don't have any idea what you do for a living, but I know it has nothing to do with business. That's obvious to everyone here.
So say hello to your new best friend. You and I will be joined at the hip.
"wngr , I will let you know if thanks are in order some day in the not to distant future. Im in for 5000 shares."
Really? Well that's interesting because this is on the crowdfunding website for Elio Motors:
"NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED AT THIS TIME, AND IF SENT IN TO ELIO MOTORS, WILL NOT BE ACCEPTED. NO OFFER TO BUY SECURITIES OF ELIO MOTORS CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL ELIO MOTOR’S OFFERING STATEMENT IS QUALIFIED."