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.
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