The Final Insult: GM, Tiger Woods Split
So far in the past year, troubled U.S. auto giant General Motors has seen its stock plummet from more than $28 per share to barely $3 per share, the company saw vehicle sales sink by historic levels, it's in danger of running out of cash and, in a recent humiliation, chief executive Rick Wagoner got slapped around by Congress last week for flying a private jet to Washington to ask for money.
But this news, which came this morning, is serious: GM and Tiger Woods will end their relationship at the end of this year.
Both called the end of the nine-year relationship as "mutual and amicable," but anyone who's ever gone through a divorce, or known anyone who has, knows what these words mean.
Two ways to look at it: GM, which is running out of money, can't afford Buick-pitchman Tiger anymore.
Or: Tiger knows a sinking ship when he sees it.
-- Frank Ahrens
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