From today's New York Times,
In 1990, G.M. paid $600 million for half of Saab, and anted up $125 million in 2000 for the rest of the company, which has long commanded a small, loyal following in the United States for its idiosyncratic but stylish models.
Translation: This means in the 10 years under GM's influence, the value of Saab when from $1.2bil to $250mil, and that's not considering inflation. So either GM grossly overpaid in 1990, or that GM's involvement managed to destroy $950,000,000 in Saab's value over a decade. Which option reflects better on GM's management?
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At 49, I am a few years into the 3rd Quarter of my life (hopefully), the 40 to 60 range. This blog will attempt to be about being middle aged in the early part of the 21st Century, and attempting to embrace this stage of life.
About Me
- Scoats
- SE Pennsylvania, PA, United States
- I ran the Grey Lodge Pub, one of Philly's original craft beer bars for about 26 years. I am the founder of Lucky Cat Brewing Co, which is a founding member of Mutual Respect Brewers Co-op.
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