In 2000, one share of General Motors stock was worth about $80. In 2008, it was worth about $18. Then GM declared bankruptcy and each share is essentially worthless (they have since re-formed with substantial taxpayer assistance but the original shareholders are out of luck).
- If you were a shareholder, how would you feel about GM's management?
- Why do you think GM failed so dramatically?
- What are stakeholders and who are they in this case?