General Motors was removed for the Dow Jones Industrial Average yesterday.
It will be replaced in the index by CISCO Systems.
There was a good deal of discussion in the news as to what company should replace GM in the DOW index.
The most interesting opinion came from the Los Angeles Times:
"How about adding the U.S. government? They make cars, money, provide mortgages, invest in securities, provide rail transportation, health insurance. You know, a real all-around company."
http://latimesblogs.latimes.com/money_co/2009/05/the-dow-jones-industrial-average-may-have-an-opening-soon-dow-jones-co-is-signaling-that-its-ready-to-boot-general-moto.html
6.02.2009
General Motors
Posted by MC at 8:08 AM
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1 comments:
Fabulous comment by the LA Times. Just goes to show that we really do need the newspapers to stick around.
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