How did Jensen Huang manage to keep Nvidia's general counsel in the dark while personally directing the company's public denials?
My latest on Nvidia's corporate governance.
https://t.co/CO7cIvp3Hr
#CorporateGovernance
Six years ago, Mary Barra told GM’s top executives who didn't embrace her EV vision to find another landing spot. Ford has emerged as the landing spot of choice.
https://t.co/bGEU36p0mq
Toyota’s promotion of 36-year veteran Mark Templin to CEO of its lucrative North American operations underscored the radical cultural difference between the Japan-based automaker and Mary Barra’s General Motors.
Who would you bet on? A company that values and promotes teamwork and experience, or one whose “rank and yank” HR practices a Reddit commenter likened to the corporate equivalent of The Hunger Games.
https://t.co/eZ3VfTlb58
Toyota is closing in on GM’s U.S. sales crown, yet Detroit’s automotive press barely noticed today’s appointment of the man who will lead the charge.
https://t.co/Xy3Kgp0j4d
#toyota
Bloomberg employs some of the finest journalists in the business, and I regard its newsroom as among the most ethical. Too bad Michael Bloomberg doesn’t demand the same standards of integrity from the business side of his media operations.
https://t.co/yTQz8XH9Wr
37 attorneys general. The FTC. Not a dime in direct consumer restitution.
Meet Phyllis Sumner, the champion equestrian and ace lawyer who rode to GM’s rescue.
My latest Starkman on Overdrive.
https://t.co/IdtkoOX5bo
GM's lawyers deftly negotiated a $220 million privacy settlement with 36 attorneys general.
The states collect the money. The millions of GM customers whose privacy was allegedly violated will get nothing.
The settlement amounts to less than one percent of the roughly $30 billion GM has spent buying back its own stock since 2023.
A shoutout for the legal eagles who negotiated GM’s wrist slap. You did Mary Barra proud.
https://t.co/WPAEHjOk8d
The Trump administration wants to repurpose a $500 million Biden EV grant so GM can build hybrids.
U.S. taxpayers should be outraged they are subsidizing a company that’s so awash in profits it spent more than $30 billion buying back its stock these past three years and just authorized an additional $20 billion to buy back even more shares.
Companies are supposedly run for the benefit of their shareholders. Let GM's shareholders pay for the company's hybrid retooling to remain competitive.
https://t.co/o7riXbLMdZ
Why November 17 will mark a sorry day for two of America’s once most revered institutions: General Motors and the New York Stock Exchange.
https://t.co/ChU14gBjnJ
#generalmotors#nyse
GM touted its agreement with e-VAC Magnetics as evidence it was building a formidable domestic EV supply chain. e-VAC built a $500-million-plus South Carolina plant with GM as its anchor customer. The project received at least $221 million in identifiable federal and state support.
GM has quietly walked away from its agreement, and e-VAC is seeking an arbitration award requiring the automaker to make the payments it says GM is obligated to make over the life of the contract.
So much for CFO Paul Jacobson’s assurances that GM had put the costs of Mary Barra’s EV debacle behind it.
https://t.co/hZcwGxiPft
#generalmotors
Mary Barra has managed the unthinkable in politically polarized America: Critics on both ends of the political spectrum are increasingly incensed about the GM CEO’s stratospheric paydays and aggressive stock buybacks.
https://t.co/8898rpLned
#automotive