Motley Fool Money: 06.06.2014
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 6 June 2014
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. |
| 0:19.0 | It's the Motley Fool Money Radio Show. I'm Chris L. Joining me in studio this week for Motley Fool One. |
| 0:23.0 | Jason Moser for Motley Fool Income Investor. James Early and for million dollar portfolio. |
| 0:28.0 | Good to see you, Jents. We will break down the latest news from the telecom industry, the energy industry and the donut industry. |
| 0:36.0 | With the World Cup just days away, we will analyze the business of soccer. |
| 0:39.0 | And as always, we'll give you an inside look at the stocks on our radar. |
| 0:42.0 | We are taping a little early this week before the monthly jobs report is out. |
| 0:46.0 | So we will not be starting with the big macro. |
| 0:49.0 | Instead, let's start with General Motors on Thursday, CEO Mary Barra announced the firing of 15 employees |
| 0:55.0 | who GM determined to have acted inappropriately in connection to the ignition switch defect. |
| 1:01.0 | That's linked to nearly 50 vehicle crashes and at least 13 deaths and Ron, the investigation concluded there was no deliberate cover-up. |
| 1:10.0 | So my first question is, is this behind GM now? |
| 1:14.0 | Interesting. I like the way Mary Barra is handled it. I know we spoke for the show. |
| 1:19.0 | You think she could have even gone a little bit further. |
| 1:22.0 | But I like the way she's handled it. It's over in the sense that they're going to come up with a program to compensate these individuals. |
| 1:29.0 | It's hard to say if it's only the 13 people that unfortunately lost their lives, is this going to go bigger than that? |
| 1:36.0 | What I find really interesting is that the new GM is not the same as the old GM. |
| 1:40.0 | It's actually a different entity when they went bankrupt in 2009. |
| 1:44.0 | A new entity was created and the new one is not actually liable for things that happened to the old GM. |
| 1:51.0 | So lawsuits would probably not be successful here, although people can certainly try. |
| 1:57.0 | So if they put together this fund, they compensate people accordingly. They apologize. They say we really screwed up, which I think they've done. I guess they move forward. |
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