… in one quarter.
Some countries don’t MAKE $39 billion. How can a company LOSE $39 billion?
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GM Chairman and Chief Executive Rick Wagoner said he knew the charge would be difficult to comprehend for some (like 95% of the world). Especially considering some people will never see this kind of money in their lifetime. Or their children’s children lifetime.
“I think you’d have to have a Ph.D. in accounting to understand it,” Wagoner said during an interview on “The Paul W. Smith Show” on WJR-AM.
The most surprising thing about the whole thing is Rick’s reaction. Apparently, he doesn’t really care, and neither should we. “It doesn’t have any impact at all,” he said. “I would encourage people not to overreact in a negative way to it.”
When you’re the GM of GM, I guess $39 billion is nothing to lose sleep over.
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