Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

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

The Ticker is Twittering!

By Frank Ahrens  |  November 24, 2008; 12:32 PM ET
Categories:  The Ticker  | Tags: General Motors, automakers  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Nov. 24, 2008
Next: Obama Rolls Out Econ Team, Dings Dow Rally

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company