John Devine
John Devine
believe continue employees encourages focus options stock valuable
We continue to believe stock options are an appropriate and valuable part of compensation that encourages employees to focus on shareholder return,
believe company growth opportunity
We still believe in growth of the market. We still believe we're going to need our capacity, ... This is still a very important opportunity for the company and we don't want to be slow.
behind committed difficult drag expect pension share
Without the pension drag, we'd expect to make about $7.50 a share this year, ... We're not excusing the pension expense. But we'll be working through it, we'll get this behind us. Making the $10 (a share target) with the pension drag will be difficult but we're still committed to it.
boom business expect mortgage
We expect some slowdown in the mortgage business as the refinance boom fades,
beyond cognitive far kids students teacher thinking worried
We need to go far beyond just teacher interaction with students on a cognitive level. We need to know what the kids are fantasizing, what they're thinking about, what they're worried about.
change continue heart major number obviously parts private system today
The private entrepreneur who is the heart of our system today will continue in the future. I don't think that's going to change. But there is obviously going to be a major change in a number of the parts of distribution.
work
If they want it so badly, let them do a little work for it,
advantage anybody certainly consumer good looking quarter
Certainly the first quarter was better than anybody expected, but we're still looking for a very good year, ... The consumer is king right now and we're going to take advantage of that.
clear drop fit plans product
We have product and distribution plans to fit each of those brands, ... I know there's a lot of speculation about what we're doing and that's fine. But I want to be clear we do not have plans to drop any brands.
absolutely
There are things we can do. We did one of those today. Is that enough long term? Absolutely not,
balance cash continue couple dent drain inflation last particular potential result sheet
That's been going up in particular in the last couple of years. It's put a real drain on profitability, cash and a big dent in our balance sheet as a result of that. We think there is a potential for that to continue with health-care inflation the way it is.
above company inside maintain outside signal
It is just above breakeven, but we think it's an important signal inside the company and outside the company that we were able to maintain automotive profitability,
candidate candidates class forward looking sleeves taking
Robbie is a first class candidate and we are looking forward to him getting his sleeves rolled up and taking on the other candidates on the issues.
allow balance business came confidence degree despite gm half high intense inventory levels maintain production rates reasonably stable volatility
GM has a high degree of confidence in the business despite the volatility in the marketplace and the intense competitive environment, ... GM's inventory levels came down significantly during the first half and are now at appropriate levels. This should allow us to maintain reasonably stable production rates for the balance of the year.