After 8 years of Mary in power,GM Shareholders frustrated,RenCen frustrated with Wall Street

[AlexB]

Mary Barra became the head of Global Product Development in January 2011:https://autoweek.com/article/car-ne...es-mary-barra-head-global-product-development

Mary then got the top job in 2014, the Chairman title in 2016 and given the power of Bob Lutz's old position (Global Product Development is amoung top three within GM) she been in power since for going on eight years.
She spent $15 billion on stock buybacks that haven't moved the stock up.

Ahead of third-quarter results due on Oct. 31, GM shares are trading about 6 percent below the $33 per share price at which they launched in 2010 in a post-bankruptcy initial public offering.
The Detroit carmaker's stock is down 22 percent since Barra took over in January 2014. After hitting an all-time high of $46.48 on Oct. 24, 2017, the shares have declined 33 percent. In the same period, the Standard & Poor's 500 index .SPX has climbed 7.8 percent.

Several shareholders contacted by Reuters said GM could face a third major action by activist shareholders in less than four years if the share price does not improve.
“I’ve been expecting it,” said John Levin, chairman of Levin Capital Strategies. “It just seems a tempting morsel to somebody.” Levin’s firm owns more than seven million GM shares.

RenCen "off the record"

Barra has guided the company through the settlement of a federal criminal probe of a mishandled safety recall, sold off money-losing European operations, and returned $25 billion to shareholders through dividends and stock buybacks from 2012 through 2017.
GM declined to comment for this story, but the company’s executives privately express frustration with the market’s reluctance to see it as anything more than a manufacturer tied mainly to auto market sales cycles

I’m clearly a frustrated investor,” said Michael Razewski, a partner with Douglas C. Lane & Associates, which owned 2.57 million GM shares at the end of September. “GM is a name that I am still particularly bullish about despite years of disappointment.”
Some investors said they would welcome a spinoff or partial float of Cruise, or the creation of a tracking stock, as a way of calling attention to the potential value of GM’s autonomous vehicle technology.

“In the near term, really the only way to drive this stock higher is via Cruise,” Razewski said.
Some investors have given up waiting. Barometer Capital Management sold its 420,000 GM shares in the first quarter of 2017.
Barometer portfolio manager Jim Schetakis said GM should exit the money-losing sedan business like rivals Ford Motor Co (F.N) and Fiat Chrysler Automobiles (FCHA.MI) have done and possibly split off its China operations. Barra has had enough time as CEO, he said.
“The board has to walk out to the mound and take the ball away,” he said.

https://www.reuters.com/article/us-...-ask-what-more-ceo-barra-can-do-idUSKCN1MT2QM

 

[Blown7]

Well lets face it..GM doesn't make anything in mass production people want... not trucks, not cars.. even the Camaro gets low scores except for the big blown models. Everyone is waiting for the mid engine Vette's.. but not enough to make a positive cash flow.

 

[redriderbob]

Can't say that GM has been making cars that build excitement like they did in the 90s.