GM to plan move from RenCen to Dan Gilbert’s Hudson’s tower

[313WX]

Sorry Detroit, GM CEO Mary Barra Conned Motown With Bogus Headquarters Claim

https://www.deadlinedetroit.com/arti...quarters_claim

Psst. Hey Deadline Detroit readers, can you keep a secret? Promise not to tell Mayor Duggan or the folks at the Free Press and the News. This is just between us, okay?

GM’s headquarters is in Warren. It has been for quite some time.

Yeah, I know, CEO Mary Barra said this week that "it's important to all of us at GM that we continue to call Detroit our home for a long time to come” and that she’s relocating the company’s headquarters from the RenCen to the Hudson’s Detroit complex because the heavily taxpayer subsidized Dan Gilbert building is “very personal to me.”

I’m always touched when CEOs share their feelings about what matters to them most.

But this is the same Mary Barra who told employees they could “work appropriately” from home indefinitely and then ordered them back to the office three days a week.

The same Mary Barra who for years said GM by the end of 2025 would be selling more electric vehicles than Tesla. That ain’t going to happen. Even Ford and Hyundai sell more EVs than GM.

The same Mary Barra who said GM’s 2023 executive compensation would be tied to the success of the company’s EV transition. Given that GM’s transition to EVs has been an undeniable disaster, don’t hold your breath that Barra’s 2023 compensation, which will be disclosed in short order, will reflect a massive pay cut from the $29 million she awarded herself the previous two years. [[Barra is chair of GM’s board, which means she has undue control.).

There is no law requiring that certain parameters must be met to qualify as a company’s headquarters. Dave Calhoun, Boeing’s arrogant and failed CEO, once declared that his company’s headquarters was where he and his CFO happened to be.

“Remember now what headquarters is – it’s me, CFO,” Calhoun said at a June 2022 press event for the official launch of Boeing’s new Virginia office.

In addition to them both getting paid more than $20 million a year, I see lots of other disturbing similarities between Calhoun and Barra. Both are overseeing the decline of two once great American corporations, their futures threatened by better run rivals in Europe and China. I consider it a bad omen that GM is moving into a building named after another once vaunted Michigan corporation that was merged out of existence decades ago.

Barra’s top lieutenants don’t appear all that bullish about GM’s future, otherwise they wouldn’t be dumping their stock given the runup that’s resulted from Barra spending $10 billion to buy back GM’s shares and made them just slightly more valuable than they were when she took over the company more than 10 years ago.

[bragaboutme]

Psst. OP here's a secret there is no Warren, no tech center, GM or the auto industry. There's been a reality we just aren't ready to face. We are losing in every category. Toyota is visible, Honda is visible, our three [[get it, no longer big three) has been running on fumes. The only thing that would bring some type of growth is if they get on board with Ford and figure out that they both GM and Stelantis need to get an area Downtown or in the City Limits. Tesla and all others have figured it out that it's the optics even Ford has figured it out. Move the Tech center and all design operations Downtown. Say the move is temporary to the Hudson, while the Rec Cen is empty. Tear it down and build the tallest building in American simular to what Oklahoma City is doing. Our whole regions leadership is behind if it thinks the Tech Center is anything to brag about. Or the Stelantis headquarters in Auburn Hills is a great look, it's not. Think about it we have the draft coming here and Ford Is the only company that's ready to show some type of forward thinking.

[casscorridor]

Sorry Detroit, GM CEO Mary Barra Conned Motown With Bogus Headquarters Claim

https://www.deadlinedetroit.com/arti...quarters_claim

Psst. Hey Deadline Detroit readers, can you keep a secret? Promise not to tell Mayor Duggan or the folks at the Free Press and the News. This is just between us, okay?

GM’s headquarters is in Warren. It has been for quite some time.

Yeah, I know, CEO Mary Barra said this week that "it's important to all of us at GM that we continue to call Detroit our home for a long time to come” and that she’s relocating the company’s headquarters from the RenCen to the Hudson’s Detroit complex because the heavily taxpayer subsidized Dan Gilbert building is “very personal to me.”

I’m always touched when CEOs share their feelings about what matters to them most.

But this is the same Mary Barra who told employees they could “work appropriately” from home indefinitely and then ordered them back to the office three days a week.

The same Mary Barra who for years said GM by the end of 2025 would be selling more electric vehicles than Tesla. That ain’t going to happen. Even Ford and Hyundai sell more EVs than GM.

The same Mary Barra who said GM’s 2023 executive compensation would be tied to the success of the company’s EV transition. Given that GM’s transition to EVs has been an undeniable disaster, don’t hold your breath that Barra’s 2023 compensation, which will be disclosed in short order, will reflect a massive pay cut from the $29 million she awarded herself the previous two years. [[Barra is chair of GM’s board, which means she has undue control.).

There is no law requiring that certain parameters must be met to qualify as a company’s headquarters. Dave Calhoun, Boeing’s arrogant and failed CEO, once declared that his company’s headquarters was where he and his CFO happened to be.

“Remember now what headquarters is – it’s me, CFO,” Calhoun said at a June 2022 press event for the official launch of Boeing’s new Virginia office.

In addition to them both getting paid more than $20 million a year, I see lots of other disturbing similarities between Calhoun and Barra. Both are overseeing the decline of two once great American corporations, their futures threatened by better run rivals in Europe and China. I consider it a bad omen that GM is moving into a building named after another once vaunted Michigan corporation that was merged out of existence decades ago.

Barra’s top lieutenants don’t appear all that bullish about GM’s future, otherwise they wouldn’t be dumping their stock given the runup that’s resulted from Barra spending $10 billion to buy back GM’s shares and made them just slightly more valuable than they were when she took over the company more than 10 years ago.

This article is such a nothingburger.

GM invests in the world's largest automotive design facility, where they've been for over half a century: people complain.

GM invests in a brand new HQ which will help revitalize downtown: people complain.

Both are located in metropolitan Detroit. That's something to celebrate.

Let's not balkanize our region with stupid technicalities like "Warren isn't Detroit" when it's a 20 minute drive from Downtown. To the rest of the world, that's simply known as Detroit.

Or, "look they put a boardroom in the tech center, see! they're shadow moving their HQ!" paranoid delusions.

There is no nefarious intent here. This is an iconic company and pillar of the US economy re-investing in Detroit.

[Gistok]

This article is such a nothingburger.

GM invests in the world's largest automotive design facility, where they've been for over half a century: people complain.

GM invests in a brand new HQ which will help revitalize downtown: people complain.

Both are located in metropolitan Detroit. That's something to celebrate.

Let's not balkanize our region with stupid technicalities like "Warren isn't Detroit" when it's a 20 minute drive from Downtown. To the rest of the world, that's simply known as Detroit.

Or, "look they put a boardroom in the tech center, see! they're shadow moving their HQ!" paranoid delusions.

There is no nefarious intent here. This is an iconic company and pillar of the US economy re-investing in Detroit.

Um... when you say Balkanize... shouldn't you instead be saying Cannibalize??

When Chrysler moved from Highland Park to Auburn Hills... did Highland Park feel Balkanized? Or was it more like Sodomized?

Highland Park got so bad, that not even Detroit would want to incorporate it into the city, if given the chance!

When GM moved to the Renaissance Center back in the late 1990s there were 2400+ Ford employees that were in 1 of the 4 RenCen towers... they left for Dearborn. So yes... in a sense... GM has screwed Detroit over.

The city shouldn't have to take 1 step back for each 2 steps forward. And that's the way it has been for a long time.

[stasu1213]

Um... when you say Balkanize... shouldn't you instead be saying Cannibalize??

When Chrysler moved from Highland Park to Auburn Hills... did Highland Park feel Balkanized? Or was it more like Sodomized?

Highland Park got so bad, that not even Detroit would want to incorporate it into the city, if given the chance!

When GM moved to the Renaissance Center back in the late 1990s there were 2400+ Ford employees that were in 1 of the 4 RenCen towers... they left for Dearborn. So yes... in a sense... GM has screwed Detroit over.

The city shouldn't have to take 1 step back for each 2 steps forward. And that's the way it has been for a long time.

Not only GM screwed Detroit over; those over the years whom decided to keep Detroit a one horse town [[relying only on the car companies to keep this city afloat) had also screwed Detroit over as well. Highland Park's downfall began when Ford decided to close it's plant in that city and operate north of the border of Detroit. Chrysler's headquarters was on life support for 20 plus years supporting a failed city when it decided to pull the plug and move it's headquarters to Auburn Hills. Karmanos and Gilbert had changed the vibe of Detroit from being just a one horse blue collar town to moving toward being a technological city as well

[casscorridor]

Um... when you say Balkanize... shouldn't you instead be saying Cannibalize??

When Chrysler moved from Highland Park to Auburn Hills... did Highland Park feel Balkanized? Or was it more like Sodomized?

Highland Park got so bad, that not even Detroit would want to incorporate it into the city, if given the chance!

When GM moved to the Renaissance Center back in the late 1990s there were 2400+ Ford employees that were in 1 of the 4 RenCen towers... they left for Dearborn. So yes... in a sense... GM has screwed Detroit over.

The city shouldn't have to take 1 step back for each 2 steps forward. And that's the way it has been for a long time.

No, I mean Balkanize. Warren is Detroit. Dearborn is Detroit. Auburn Hills is Detroit. But in this region, people act like they're practically in different states.

No one outside the Detroit area cares about how the constituent municipal entities of Detroit are organized, they just see "Detroit".

You might not like the sprawling, fragmented pattern of developement that Detroit has taken, fine. And I'd agree with you.

But GM and Ford are businesses making business decisions.

Ford moving into Michigan central is a business decision.

GM moving out of RenCen into Hudsons is a business decision.

Businesses often move facilities, leaving old ones empty. That's just part of doing business.

If you think that GM should move the tech center downtown, and that Ford should move back into the RenCen, make a business case for that.

[Burnsie]

No, I mean Balkanize. Warren is Detroit. Dearborn is Detroit. Auburn Hills is Detroit. But in this region, people act like they're practically in different states.

No, those cities aren't "Detroit." Not in their history, leadership, tax revenue, school districts, business areas, neighborhoods, not in the daily issues they face. Residents of the actual City of Detroit would love to be able to overcome all the struggles that people in Auburn Hills don't have.

Those cities are near Detroit, but they are a thousand miles away from being Detroit.

[mwilbert]

Those cities are near Detroit, but they are a thousand miles away from being Detroit.

But they aren't. They are ten to thirty miles away from being Detroit. You know what is 1000 miles away from being Detroit. Dallas.

Yes it would be better for the city [[and honestly for the region) if the people who work at the tech center were located in the city. The actual location of things matters. But the city gets a significant benefit from them being in Warren rather than actually 1000 miles away in Dallas or wherever, and pretending that there's no mutual relationship between the city and the suburbs is something that should have died no later than L. Brooks Patterson.

[casscorridor]

No, those cities aren't "Detroit." Not in their history, leadership, tax revenue, school districts, business areas, neighborhoods, not in the daily issues they face. Residents of the actual City of Detroit would love to be able to overcome all the struggles that people in Auburn Hills don't have.

Those cities are near Detroit, but they are a thousand miles away from being Detroit.

Warren is only a "city" in terms of its legal status in the state of Michigan. No one outside of metro Detroit cares about that though, all they see is "Detroit."

Very small minded to think otherwise. The kind of thinking that holds this region back!

[Satiricalivory]

This article is such a nothingburger.

Detroit haters love nothing burgers. Look at the user who posted it lol.

[313WX]

Sorry Detroit, GM CEO Mary Barra Conned Motown With Bogus Headquarters Claim

https://www.deadlinedetroit.com/arti...quarters_claim

Psst. Hey Deadline Detroit readers, can you keep a secret? Promise not to tell Mayor Duggan or the folks at the Free Press and the News. This is just between us, okay?

GM’s headquarters is in Warren. It has been for quite some time.

Yeah, I know, CEO Mary Barra said this week that "it's important to all of us at GM that we continue to call Detroit our home for a long time to come” and that she’s relocating the company’s headquarters from the RenCen to the Hudson’s Detroit complex because the heavily taxpayer subsidized Dan Gilbert building is “very personal to me.”

I’m always touched when CEOs share their feelings about what matters to them most.

But this is the same Mary Barra who told employees they could “work appropriately” from home indefinitely and then ordered them back to the office three days a week.

The same Mary Barra who for years said GM by the end of 2025 would be selling more electric vehicles than Tesla. That ain’t going to happen. Even Ford and Hyundai sell more EVs than GM.

The same Mary Barra who said GM’s 2023 executive compensation would be tied to the success of the company’s EV transition. Given that GM’s transition to EVs has been an undeniable disaster, don’t hold your breath that Barra’s 2023 compensation, which will be disclosed in short order, will reflect a massive pay cut from the $29 million she awarded herself the previous two years. [[Barra is chair of GM’s board, which means she has undue control.).

There is no law requiring that certain parameters must be met to qualify as a company’s headquarters. Dave Calhoun, Boeing’s arrogant and failed CEO, once declared that his company’s headquarters was where he and his CFO happened to be.

“Remember now what headquarters is – it’s me, CFO,” Calhoun said at a June 2022 press event for the official launch of Boeing’s new Virginia office.

In addition to them both getting paid more than $20 million a year, I see lots of other disturbing similarities between Calhoun and Barra. Both are overseeing the decline of two once great American corporations, their futures threatened by better run rivals in Europe and China. I consider it a bad omen that GM is moving into a building named after another once vaunted Michigan corporation that was merged out of existence decades ago.

Barra’s top lieutenants don’t appear all that bullish about GM’s future, otherwise they wouldn’t be dumping their stock given the runup that’s resulted from Barra spending $10 billion to buy back GM’s shares and made them just slightly more valuable than they were when she took over the company more than 10 years ago.

Some completely missed the point this article was making.

It's not about appeasing investors or balkanization. It's the fact that Mary Barra is a charlatan, and those who are falling for this PR charade are pretty gullible.

Claiming two floors of token office space for C-Level Executives who are rarely in the office [[who BTW also have offices in Warren) as the HQ is nothing more than a low-brow symbolic gesture when functionally, all of the administrative operations [[including the associated working population that would actually be spending money at nearby businesses) have long been shifted out of Detroit proper to the suburbs [[the Warren Tech Center).

Adding insult to injury, GM has given up all of their space in Detroit, Grand Blanc and Pontiac just to cram the workers who previously reported to those facilities at the WTC, which was never built to accommodate nearly as many workers as it has now [[and in fact, it's been a clusterfuck for GM employees since the RTO mandate).

As a famous TV judge would say, don't pee on my leg and tell me it's raining.