March 27, 2008
What will it take for GM to wake up?
Analysis: The past and current performance of GM is a text book example of the damage that ineffective leaders can have on a once great company. Their Board of Directors and leadership of the UAW share the blame. Their ineptitude not only jeopardizes the jobs and livelihood of their employees, but does similar, if not greater damage, on their supply chain. The examples of their recent decisions to offer buy-outs to their hourly employees is like trying to use a band-aid for arterial bleeding. I would need a calculator to add the "reasons" that GM would give for why Toyota can continue to build plants in the US while GM is negotiating closures with the UAW. I am not trying to sell books, but I wrote a short book in 2000 describing the sickness that exists in failing companies such as GM. I only wish that a more competent author had tackled the subject. Companies sick with "Executivitis" cause tremendous human suffering.
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