Press Release Of the Day: GM To “Align the Business to Current Market Conditions”

General Motors announced today that it will announce tomorrow how it will operate going forward… or at least until the next time they reorganize.

Detroit, Mich. (NYSE: GM) General Motors Chairman and CEO Rick Wagoner will hold a news conference on Tuesday, July 15 to discuss actions the company is taking to align the business to current market conditions.

Anyone want to bet that relaligning executive salaries to a pre-1990’s multiple of average employee compensation is not a part of this announcement? I’m going to predict, however, that there are a number of plant closures and retirement packages to discuss.


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