How long will they wait?

Implications: How long will the “do nothing” board at GM allow Waggoner and his team to continue their destruction of the company? How many restructuring scenarios will they be allowed before their board realizes that the plans presented are not working? When will the top folks be held accountable? Will they wait until the company is unsalvageable and all the top guys have ridden into the sunset with huge retirement packages? They have had so many “fix it” restructuring plans that they are probably to the state of recycling some of the old ones to buy more time.

Analysis:  The track record of the present leaders really dictates that something needs to be done and quickly. A huge ship like GM cannot be turned on a dime, but at least we should be seeing the start of turning. Declining sales, continued loss of market share, reduction of employees and unacceptable profitability all indicate a very sick company. Instead of restructuring the company continuously, it is time to restructure the management team.