General Motors (GM) Director Admits He Doesn't Give a Damn About Stock Price

Asked whether he and other members of General Motors’ (GM) board are concerned that GM’s stock has fallen to a 54 year low (pre-inflation), GM director George Fisher admitted that he couldn’t care less:

In interviews with The Wall Street Journal in May and June, Mr. Fisher endorsed Mr. Wagoner’s strategy and said GM’s stock price isn’t a major concern of the board or management.

So that’s one clue as to why GM CEO Rick Wagoner, who has presided over an 83% stock price plummet, hasn’t been canned.

See Also: My, GM CEO Rick Wagoner, What a Great Job You’re Doing

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