The reason why I posted the thread , you guys know you're business. Thanks for the response , yes Barra is a puppet and a very wealthy puppet at that.
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Buffet (Berkshire Hathaway Inc.) owns $2.89 Billion of GM stock
72,269,696*$40/share = $2,890,787,840
Mary works for him.
GM is going down. Day by day market is shrinking, car prices are rising, consumers are dwindling, outsourcing is growing, reputation is dying, stock price is stagnant, quality is awful, the brains of the organization are getting let go, bonuses and pay are growing for management and more. It's quite interesting to see how this is all unfolding and how the folks that work there don't see it. It all just needs to go away. Bring back the straight 6 and watch folks buy the car they only need.
Warren Buffett is an old fart whose mind has become warped by former and present dinosaur companies. Society and the economy cannot withstand dinosaur companies like, GM, P&G, Kraft, Heinz, etc. Tastes have changed to the point that these companies are no longer favored by the consumer.
She did a very good job at positioning GM for its next evolution - being absorbed by Tata - and selling vehicles primarily to the Chinese market.
Pay attention to the end game
It's all about diversity. Mary hired and promoted to further the diversity delusion religion and Warren Buffett has praise for the female CEO to further the diversity religion.
What Mary HAS done very well, which Warren can probably appreciate is make money for Mary.
The question isn't how long before she is canned, it's how long before she retires; or takes a golden parachute from what's left of the burning hulk of GM.
She turns 58 this year. Won't be that long before she's 60 and perhaps ready to retire. As GM's market share declines and the company's capability to develop new vehicles dwindles (remember, GM let go of engineers in order to hit an engineering spending benchmark that's the bottom of the barrel), the company will be ripe for a takeover. Sell the company so someone else can rape, pillage, and plunder it until it's a shell of the shell of its former self, and float away with that parachute. She's probably read up on Bob Eaton's tactics with Chrysler.
Think about it. If your GOAL was to set GM up for a takeover, what would you do differently than what Mary has done? Put money into autonomous tech that someone else might want, cut back on the portfolio to get rid of lower-profit vehicles, and cut heads to get rid of overhead.
I wonder what his measure is for "sensational".
Stock price? No
Company Valuation? See stock price.
Revenue growth? No
Gross profit? No
Net income? Variable results
EBIT? Has improved over the past few years
He seemed to have a non-business definition of "sensational" in his interview. A bit of babbling aboout the auto industry being in a constant state of change, but he didn't relate that to anything Mary has done.
And that's in spite of billions of dollars of stock buybacks.
Apparently that money was wasted.
Stock price is still at ipo level 6 years ago so I say no