David Cole
David Cole
bankruptcy point powerless virtually
The Delphi bankruptcy is a real watershed point for the UAW, ... The UAW is virtually powerless now.
deal delay good means room
The delay is a good thing; it means there's room for a deal here.
basically community concerned decidedly financial focused looking meet profit settle
What they're really looking at is the long-term implications of this. In the past, there was a decidedly short-term mentality, and basically what (GM) would say is we'll settle so we can meet our quarterly profit projections. That's different today. The financial community is concerned about the short-term return?but what they're focused on is the long-term profitability.
divisions facto number shrinking taking
What they're really doing is taking their divisions and shrinking their number in a de facto way.
behind companies crazy ideas might phase type
We're just in experimental phase right now. As long as we're in that type of phase, it's a crazy time. You know we'll get there (profitability) and get there fast. But the ideas that are not out there yet, and the companies that will be behind them, might be the real winners.
clock five fortunate jerry moving next played quickly six time
We're in a time where the clock is moving much more quickly on GM. I think they're fortunate to have Jerry because this thing is going to be played out in the next six months, not the next five years.
disconnect market
We've got a real disconnect right now between our market and our educational system.
believed great people
I don't think a great many people really believed that (the Delphi bankruptcy) was going to happen.
combined future methods near opportunity speculate together welcome
I'd welcome the opportunity to get together in the near future to speculate on methods for pre-empting MSFT (Microsoft) in our combined markets. What say?
gm turning
GM Daewoo is turning out to be a real gem.
bad consumed difficult guy himself
He's got to be a bad guy and not get consumed himself in what will be a very difficult process.
hide secrets
There are no secrets. You can't hide anything.
accelerate adds afraid impatient incentive jerry labor leadership tackle tough tremendous
He has tremendous leadership skills. He's not afraid to tackle tough things. Jerry is an impatient investor. That just adds to the incentive for labor to do what they can to try to accelerate the restructuring.
becomes insider major presence smart
He is a very smart guy, and he'll be a constructive presence on the board. He becomes an insider and a representative of a major investor.