The Wolf: Strip. / Jules: All the way? / The Wolf: To your bare ass. / Vincent: Is this necessary? / The Wolf: You know what you guys look like? / Jules: What? / The Wolf: Like a couple of guys who just blew off somebody's head.
Whether or not GM likes it, hiring Jay Alix and AlixPartners to help with "a broad range of accounting, financial
reporting and related matters" never sounds good — especially given the firm's other noted clients: KMart, WorldCom, Dana Automotive and Enron. In fact, it's kinda their niche industry. Since the 80's the firm's pioneered the art of of making bankrupt companies not-bankrupt and stemming the tide of problems before they reach the critical mass of bankruptcy. That means this move's made one thing clear — if a company requires AlixPartners it needs the love only AlixPartners can give — and that means for the first time, all protests to the contrary, GM is internally confronting the possibility of Chapter 11. And a cold shiver just went up our spine — followed soon after by a very...very...wet fart.
Related:
Breaking! GM Goes Biblical On Accounting Staff; Peter Bible Resigns [internal]