This really makes me sick. The news that 15k workers are going to be out of a job soon has caused General Motors stock to jump by nearly 5 percent. This tells you enough about the world we live in.
https://www.marketwatch.com/story/gm-stock-rises-4-on-restructuring-plan-calling-for-layoffs-cost-cutting-2018-11-26
Investors are often gullible. The reasons why we ended up here are still present, no executive got sacked and it's a free for all on executive levels. What makes the investor think that things will be better a few years from now if we know the same exec lienup will be running the show... This makes no sense.
It's kind of Capitalism 101, right - you'd expect the stock to react. If the company is going to be more profitable in the future, you'd expect the jump...
Now, you can argue if things could have been different, had the C lineup done things differently, but that's a separate topic...