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

To: i-node who wrote (494305)	7/11/2009 10:30:42 AM
From: Alighieri	Read Replies (1) \| Respond to of 1577883

Ultimately, the CPAs have to run the business. LOL...if CPAs ran ibm it'd be in the investment or banking business the interference from government will make the company less able to compete in the future. There's the ever present figment of your partisan imagination... A great example, IMO, is the "Volt" -- a $40,000 vehicle that nobody in his right mind will buy even with the government subsidy. Yet, due to pressure from the administration, the company must pursue this vehicle which is commercially untenable at this point. This paragraph illustrates very well why finance doesn't run a company... Al

To: i-node who wrote (494305)	7/11/2009 11:44:37 AM
From: bentway	2 Recommendations Respond to of 1577883

"A CEO without a proper accounting background is going to be a disaster" Total Bushwa. Most CEO's come out of sales. It's absolutely, unshakably, undeniably true. Chart the paths of CEO's - they all started as salesmen. Bean counters just don't have the necessary imagination or risk-taking ability. Bean counters are a timid, cautious lot, not CEO material. Some may rise to be COO, but very few. People don't like or trust them either. Your slamming the Volt is a perfect example, because it currently costs $40k. The cost will come down. Producing the same crap will lead to the same results - failure. Bean counter thinking.