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June 26, 2008

What will it take?

Analysis of: Deepening gloom at General Motors | money.cnn.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
James "Jim" Rippy, Senior VP of ManufacturingJames "Jim" Rippy
FormerSenior VP of Manufacturing, Continental Tire North America, Inc.
Implications: Where are the leaders on a daily basis. This company needs some real "hands on" leadership to survive.

Analysis:  What does it take?   It does not seem to make any difference. They have missed all market changes, late with Hybrids, made poor acquisitions choices, and allowed cost to get out of control. The management blunders make you wonder who is watching the store on a daily basis. Historians will write books on the destruction of this once great company while the parties responsible will ride into the sunset with their golden parachutes. It is not a stretch to think that the long term survival of this company is at risk. Certainly the present leaders are reactive and appear to be way behind the curve on all most all major strategy decisions. This company based on their track record needs new leadership at the top and a board that realizes their responsibilities to the customers, shareholders, and folks who do the work.  

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