Leading an Industry Turnaround: Lessons from Government Interventions at GM and Chrysler

[grabacatwithaglove]

This criminal actually admits that Obama brought him in for politcal reasons (7:00 mark) and Americans need to know what this POS did. He looked at 700+ chrysler dealerships to discover if the owners were republican or democrat and then shut down all the republican dealerships while taking kickbacks. Now he is barred from working in the banking or securities industry for life and forced to pay 20 million in damages to avoid prosecution. This guy is a FN liar and needs to be hung for his crimes.

[G58]

So, if we want to avoid situations in the future where companies as big as GM need to be bailed out, focusing on the business model is the single most important action they need to take. Old management attitudes & restrictive practices all need to be ditched in favour of a model that delivers for tomorrow's needs, not one that rests on yesterday's unprofitable laurels. Apple took 5 yrs to change the music industry, 3 to change the mobile phone industry, 1 year to change books & mobile computing.