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Motley Fool Money

Motley Fool Money: 06.06.2014

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 6 June 2014

⏱️ 39 minutes

🧾️ Download transcript

Summary

General Motors CEO Mary Barra fires 15 employees in the wake of an internal investigation. Pandora hits a sour note. And Krispy Kreme serves up some not-so-sweet earnings. Our analysts discuss those stories and share three stocks on their radar. Plus, we talk about the business of soccer with Stefan Szymanski, co-author of Soccernomics: Why England Loses, Why Germany and Brazil Win, and Why the U.S., Japan, Australia, Turkey--and Even Iraq--Are Destined to Become the Kings of the World's Most Popular Sport.

Transcript

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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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