A Bold Prediction Becomes a Happy Reality
About a year ago, the WSJ posted a story about a very, very bold prediction : the folks over at GM were predicting 2010 would be a "profitable year" for the company. It was a very bold prediction because GM had not seen a profit since 2004. 2009 saw the forced exit of its leader, Rick Wagoner, a man who'd occupied various positions in the C-suite at GM for nearly 20 years. Under his leadership, GM ended up a recipient of a massive and unpopular government bailout, and then filed for bankruptcy soon after. So for a company that had been so buffeted by terrible leadership and the headwinds of our grim economy, its prediction of profitability in 2010 seemed a bit of a reach. But apparently, its predictions of success have become reality. According to a story in the Wall Street Journal , GM posted its "strongest annual performance in more than a decade" in 2010. And a profit of $4.7 billion. However, they're not out of the woods yet. Higher gas prices...