• 17 Apr 2009 at 2:41 PM

Signal To Noise Ratio

By Bess Levin

Have we really reached the point of unadulterated fantasy such that anyone still thinks GM is going to avoid not just bankruptcy but an ugly and protracted bankruptcy? Seriously, how much longer is the investing public going to tolerate C-Level executives who are either so out-to-lunch that they believe their own prattle, or so spun that nothing that escapes their lips has a signal-to-noise ratio that exceeds that of the Pioneer 10 spacecraft?

General Motors Corp Chief Executive Fritz Henderson said on Friday the automaker was readying detailed plans for a bankruptcy filing that now appears more likely even as it races to complete a business plan under federal oversight.
Henderson said GM faced no pressure from the Obama administration’s autos task force to make a decision on whether to file for bankruptcy before an established June 1 deadline and said it was “feasible” that the automaker could still avoid bankruptcy despite the short time frame remaining.

GM readies plans for bankruptcy it hopes to avoid [Reuters]

Comments (11)

  1. 1
    Posted by guest | April 17, 2009 at 3:03 PM

    Nothing to do w/ the post, but who was in the background on cnbc screaming at each other while Pasani and Bartiromo were talking (~3:00pm)?

  2. 2
    Posted by guest | April 17, 2009 at 3:03 PM

    is it 6pm yet? I am going to get totally BUTTFACED tonight…DealBreaker poll whos in?

  3. 3
    Posted by guest | April 17, 2009 at 3:04 PM

    Huge reference w/r/t the extra-solar Pioneer 10. That might be beyond even the DB commentariat’s headlights.

  4. 4
    Posted by Equity Private | April 17, 2009 at 3:07 PM

    @3:
    I didn’t include commentary on the “Pioneer anomaly” though I badly wanted to.

  5. 5
    Posted by guest | April 17, 2009 at 3:14 PM

    In similar related news Henderson announced a new Chevy SUV that gets 7 miles to the gallon, is shaped like a bar of soap and has all the technology of that Apple //e you always wanted…
    With employee pricing its a win win and you the good news is you paid for it on April 15th.

  6. 6
    Posted by Anal_yst | April 17, 2009 at 3:28 PM

    Yes, and its still “feasible” that I’ll have an orgy with a stable of Playmates tonight in Richard Meier-designed west-side Penthouse…

  7. 7
    Posted by Equity Private | April 17, 2009 at 3:30 PM

    No, Anal_yst, that is definitely outside your light cone.

  8. 8
    Posted by guest | April 17, 2009 at 3:37 PM

    While GM may be Pioneer 10… FM is Voyager 6, baby

  9. 9
    Posted by guest | April 17, 2009 at 3:41 PM

    @ 8 – and Chrysler is Cosmos 954.
    EP – you feel me?
    -3

  10. 10
    Posted by guest | April 17, 2009 at 3:41 PM

    @EP: I would have gone for a V’ger reference myself…

  11. 11
    Posted by Anal_yst | April 17, 2009 at 4:13 PM

    @EP
    As is GM’s chances of not filing (one way or another), but seriously, you didn’t have to shoot down all my hopes and dreams like that, tear…

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