Is it possible for GM to get into more trouble? Well, consider that Pat Russo has become lead director. Pat Russo was the Lucent CEO during the Alcatel takeover. She became the CEO of the mergered companies before being replaced recently. As the article states two other directors have serious Telecom backgrounds.
Considering Nortel, Lucent, and other Telecom companies, maybe a Telecom background is not the the right model for GM or the auto industry. Maybe a more successful corporate business model would be more beneficial for GM. Let's see banking, NO, manufacturing, NO; can't think of a recent success story for a large scale company in the US.
In any case, we can only hope that GM is successful. For I do believe that manufacturing of any kind is beneficial to the wellbeing of the US economy.
http://www.bloomberg.com/apps/news?pid=20601108&sid=a1SlWVy9fwvw
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