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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (437921)	12/4/2008 4:36:53 PM
From: tejek	Respond to of 1573921

Still I think its more arrogance and short sightedness than a principal/agent issue. The management didn't anticipate the way the auto market would change over time. By the early 1980s, the Japanese had a reasonable toehold in the US market. What does it say that mgmt at US auto Americans not only did not anticipate they might lose more market share to the Japanese nor that they even seemed worried about the possibility? Keep in mind the auto companies had already been burnt once by not having enough small cars to sell and that's how the Japanese got a foothold in the first place.