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

To: Road Walker who wrote (438729)	12/6/2008 11:39:08 AM
From: i-node	Read Replies (1) \| Respond to of 1574102

It is clear they understand what they did wrong. The writers of the article, not so much. “What exposes us to failure now is not our product lineup, or our business plan, or our long-term strategy,” Rick Wagoner, G.M.’s chief executive, said in his testimony. On its return visit to a skeptical Congress this week, however, General Motors bowed its head. “G.M. has made mistakes in the past,” Mr. Wagoner told Congress, and named three: agreeing to expensive union contracts, not investing enough in smaller cars and failing to convert its plants so they could build more than one type of vehicle.

To: Road Walker who wrote (438729)	12/6/2008 11:45:17 AM
From: combjelly	1 Recommendation Read Replies (2) \| Respond to of 1574102

"Mr. Casesa said that pattern stemmed from the fact that so many of the company’s top executives had a background in finance" Like I told i-node. The bean counters are the ones causing the problems.

To: Road Walker who wrote (438729)	12/6/2008 6:48:09 PM
From: tejek	1 Recommendation Respond to of 1574102

For the last half-century, virtually all of G.M.’s chief executives, including Mr. Wagoner, have come from its financial side, which has judged most initiatives based on whether they will be profitable. That “earn it” philosophy has led to the demise of some of G.M.’s most publicized efforts to try something new, like the EV1 electric car, which G.M. leased to owners from 1996 to 1999, before killing the program as too expensive. They may have come from the finance side but apparently they flunked finance. Like I've been saying, its not just unions that are the problem at GM.