There's a lot of reasons for GM's demise, and initiating a stock buyback at the wrong time certainly plays a part. But really, they have not had a viable business plan since the 1960's. They should have gone belly up ten years ago, but we bailed them out and, as Trump pointed out, they continue to benefit from tax breaks. The best thing we can do is let these old companies fail.

Onward and upward,
airforce