Quote:
Originally Posted by DeathChill
Wagoner definitely needed to be gone, as did the board of directors.
People seem to think that just because they made slight improvements that it was good enough. They need a CEO who can turn the entire company around and they don't need a board of directors who is obviously out of touch with reality (otherwise the CEO wouldn't be getting away with letting the company drown).
Anyone who thinks it can't be done needs to look at what Steve Jobs did for Apple:
http://en.wikipedia.org/wiki/Steve_Jobs#Return_to_Apple
Apple was just about done and Jobs came back and made the company what it is today, with the help of a competent team.
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You find me a single person...or even a "team" of people that can turn around a behemoth like General Motors in the time some of you people expect. He turned them. Not a total 180°, and no -- he wasn't perfect. But they're a different company from the one that existed 10 years ago, and it's largely because of Wagoner and his team. For heaven's sakes -- it was Wagoner who begged Lutz to come back and oversee the product revolution that's taken place in the past 5 years.
(And don't give Apple as an example: They threw up a few "i-this" products, and took the world by storm with a gimmick. They nearly created the Mp3 player market, so it's no wonder they're doing well...name a segment in the auto business today that a company hasn't explored, yet....)
He's a scapegoat, and nothing more. Because that's what people want to see: Firings. Dismissals. Nobody understands whats going on, but obviously it's somebody's "fault". So somebody must "pay". It's the absolutely idiotic mob-mentality that's sweeping the nation af late -- and of all the issues; that is the one that scares me the most.
My heart bleeds for this guy...collateral damage to preserve the company.:(
Quote:
Originally Posted by bigralph
It looks like GM is now nationalize.
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How so? I have a few rebuttles, but I'm genuinely interested in what 'proof' you have of that?