Small Business Blog

Articles related to: gm

Charles M Cooper

GM Bankruptcy: The Small Business Crisis Begins

While all the attention is focused on the long-awaited bankruptcy of General Motors, very little attention is being paid to those who will be hit hardest, the small businesses that provide parts and services to the auto giant or depend upon it in some way – and there is no talk of bailing them out!

Tags: small business, gm, bankruptcy, gm bankruptcy

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Posted: 6/1/2009 | Comments (0)

Charles M Cooper

After the Bailout: GM to Increase Foreign Production

Now here is a real “rock and a hard place” quandary for the President and his Car Czar: GM plans to send more manufacturing jobs overseas once they reorganize. The rock is that if the jobs remain here, GM’s labor costs would rise, harming its ability to compete; the hard place is the utter outrage that would ensue if the automaker, after receiving billions of taxpayer dollars, is allowed to send the jobs out of the country.

Tags: american jobs, foreign jobs, gm, obama

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Posted: 5/8/2009 | Comments (0)

Charles M Cooper

GM Human Resources: Obama Style

There is an old adage: Beware what you wish for, you might get it. Well, the hope-wreathed wishes for change are coming to fruition as the President takes one unprecedented step after another. Over the weekend, he ordered the departure of General Motors' Chairman and CEO, Rick Wagoner, ostensibly as part of the effort to save the century-old automaker. There needed to be a shake-up at the top of GM, no question, but the real issue is the fact that the President did this at all.

Tags: small business, gm, rick wagoner, barack obama, bailout, congress, senate, chrysler, fritz henderson, government intrusion

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Posted: 3/30/2009 | Comments (0)

Charles M Cooper

Automaker Bailout Part 2: It is Raining Money!

At the risk of telling you “I told you so,” well, I told you so! The original Big Three Dog and Pony Show before Congress netted the Detroit automakers billions of taxpayer dollars, changed the company jet from an executive perk to a major PR liability and later on led to the same effect on the humble thank you note. Other than that, not much seems to have changed. After all, if things were different, two of the Big Three wouldn’t be back for another helping of bailout pie.

Tags: automakers, ford, gm, chrysler, bailout

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Posted: 2/18/2009 | Comments (0)

Charles M Cooper

Automaker Leadership Vows Cuts: Are They The Right Cuts?

Management is making cuts and concessions to wring another $25 billion from Congress, but is the key to success selling off their jets and canceling bonuses, or gaining the cooperation of the UAW to save their companies once and for all?

Tags: small business, uaw, ford, chrysler, gm, mulally, wagoner, nardelli, loans, bailout, union

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Posted: 12/2/2008 | Comments (0)

Charles M Cooper

Finally! Something Good from Sarbanes-Oxley

It is one thing to destroy your own company, but quite another to destroy your company, cripple your industry and then fly in your company private jet to wheedle taxpayer money out of Congress so you can keep on with your wasteful ways. Pity, but there will likely be a bailout, but the least Congress can do is throw the Sarbanes-Oxley book at them.

Tags: small business, gm, ford, chrysler, automakers, bailout, congress

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Posted: 11/19/2008 | Comments (0)

Charles M Cooper

Bankruptcy vs. Bailout: Which is Really Better for the Taxpayer

With the Big Three Automakers threatening bankruptcy if they don't get a government bailout, the question is whether it would be better: to let them go under and fall into the hands of a bankruptcy judge or bail them out and let them fall into the hands of Congress?

Tags: small business, gm, ford, chrysler, paulson, bailout, bankruptcy, economy

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Posted: 11/13/2008 | Comments (13)