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It is the instinctive wish of most American businesspeople, even those unlikely to be directly affected, that General Motors not go bankrupt. True, some people will say, "They had it coming to them." But the majority will be more practical, telling themselves that the company is so central to the economy, so sprawling in its commercial reach, that bankruptcy--"going into chapter," as restructuring folks say--is ominous almost beyond contemplation. And yet the evidence points, with increasing certitude, to bankruptcy. Rick Wagoner, GM's 53-year-old chairman and CEO, may say, as he did in a January interview with FORTUNE in his aerie of an office high above the Detroit River, "I know that things will turn around." But he cannot know that. He may not, deep down, even believe it himself.
Bankruptcy isn't going to occur next week. But down the road--say, past 2006 --its probability is high. That point of view seems supported by the opinions of the bond-rating agencies, which troubled...

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Title: The Tragedy Of General Motors
Approximate word count: 5688
Approximate pages: 23 (250 words per double-spaced page)

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1. The Tragedy Of General Motors
   

   The Tragedy Of General Motors. It is the instinctive wish of most American
   businesspeople, even those unlikely to be directly affected ...

2. Bechmarking: Riordan
   

   ... 29, 2007 http://www.gm.com/company/gmability/community/news/gm_daewoo_052305.htmll
   Carol Loomis (February, 2006) The Tragedy of General Motors CNNMoney.com ...

3. Strategic Human Resources
   

   ... 249 Issue 14, p21, 1p, Retrieved October 19, 2006 from EBSCO host database Loomis,
   Carol (February, 2006) The Tragedy of General Motors CNNMoney.com. ...

4. Dominant Unions
   

   ... demise of the Knights of Labor came about with the Haymarket Tragedy, where they ...
   A milestone in the CIO drives was the General Motors sit-down strike, which ...

5. Lester Electronic: Investment Alternative Benchmarking
   

   ... sins-of-growth/ Carol Loomis. (2006). The Tragedy of General Motors. Cnn
   Money. Retrieved November 25, 2007. from: http://money.cnn ...