Chuck
07-02-2009, 04:02 PM
http://www.cleanmpg.com/photos/data/2/AmericanFlag.jpg Career GM executives know the culture, but most turnarounds come from the outside (http://money.cnn.com/2009/07/01/news/companies/gm_leadership/index.htm)
http://www.cleanmpg.com/photos/data/501/gm_hq.JPGChris Isidore - CNN (http://money.cnn.com) - July 1, 2009
Best solution may be a mix of GM and exec from the outside --Ed.
General Motors CEO Fritz Henderson has argued this week that a bankruptcy court needs to approve plans to create a new GM, one unburdened by many of the contracts and liabilities of the past.
But there are many auto industry experts who question whether Henderson, who has worked at GM ever since graduating from business school 25 years ago, is the right man to bring about a necessary change at the company.
Critics argue that if ever there was a company in need of shaking up the executive culture, it's GM (GMGMQ), long a land of fiefdoms that divided not just different brands but different business functions, such as purchasing and manufacturing.
Trying to get agreement between all those disparate parts has led to cumbersome decision making at GM, some maintain. That has turned GM into a company unable to respond quickly to changes in the market. ... http://money.cnn.com/2009/07/01/news/companies/gm_leadership/index.htm
http://www.cleanmpg.com/photos/data/501/gm_hq.JPGChris Isidore - CNN (http://money.cnn.com) - July 1, 2009
Best solution may be a mix of GM and exec from the outside --Ed.
General Motors CEO Fritz Henderson has argued this week that a bankruptcy court needs to approve plans to create a new GM, one unburdened by many of the contracts and liabilities of the past.
But there are many auto industry experts who question whether Henderson, who has worked at GM ever since graduating from business school 25 years ago, is the right man to bring about a necessary change at the company.
Critics argue that if ever there was a company in need of shaking up the executive culture, it's GM (GMGMQ), long a land of fiefdoms that divided not just different brands but different business functions, such as purchasing and manufacturing.
Trying to get agreement between all those disparate parts has led to cumbersome decision making at GM, some maintain. That has turned GM into a company unable to respond quickly to changes in the market. ... http://money.cnn.com/2009/07/01/news/companies/gm_leadership/index.htm